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The latest announcement is out from Gabelli Multimedia Trust Inc ( (GGT) ).
On February 20, 2026, The Gabelli Multimedia Trust Inc. amended its existing sales agreement with G.research, LLC to allow the fund to offer and sell up to 17,000,000 shares of its common stock in at-the-market transactions under Rule 415. The shares must be sold at prices at or above the fund’s then current net asset value per share plus the sales manager’s commission, with the offering conducted under the fund’s effective shelf registration statement on Form N-2.
Also on February 20, 2026, the fund commenced this at-the-market offering pursuant to its registration statement, supported by a legal opinion from Venable LLP on the validity of the common shares. The expanded at-the-market program provides the fund with additional flexibility to raise equity capital over time, which can influence its capital structure and liquidity profile and may affect existing shareholders through potential dilution depending on the scale and pricing of future issuances.
More about Gabelli Multimedia Trust Inc
The Gabelli Multimedia Trust Inc. is a closed-end management investment company listed on the NYSE under the ticker GGT. The fund focuses on investing in multimedia and telecommunications companies, providing investors with exposure to the media, communications, and related technology sectors through an actively managed portfolio.
Average Trading Volume: 239,181
See more data about GGT stock on TipRanks’ Stock Analysis page.