Gabelli Multimedia Trust Inc. (NYSE:GGT) recorded an insider purchase on February 24, 2026, when director Mario J. Gabelli bought 25,000 shares of the trust's common stock at a per-share price of $4.0584, resulting in an aggregate cost of approximately $101,460.
At the time of the transaction, the trust's market metrics included a price-to-earnings ratio of 4.07 and a dividend yield of 23.41%. The company has maintained dividend payments for 17 consecutive years.
Following the acquisition, the total number of shares held indirectly by GGCP, Inc. is reported as 1,158,396. The filing notes that Mr. Gabelli disclaims beneficial ownership of any shares held by GGCP, Inc. that exceed his indirect pecuniary interest.
In a separate corporate update, Gabelli Multimedia Trust amended its sales agreement with G.research, LLC to authorize the offer and sale of up to 17,000,000 shares of common stock. These potential issuances are structured to be executed "at the market" pursuant to Rule 415 under the Securities Act of 1933.
According to the company's disclosure, any shares sold under the amended agreement will not be offered at prices below the current net asset value per share plus the per-share commission payable to the sales manager. The trust indicated this mechanism as a means to raise capital through additional share sales, characterizing the update as part of its financial planning. No further information on the timing or pricing of any stock sales has been provided.
The simultaneous reporting of an insider purchase and an expanded at-the-market offering highlights two distinct capital-related actions by the trust: an incremental insider buy and a formal increase in the capacity to issue common shares into the market. The filings preserve clear, quantifiable details about the transaction and the amended sales facility while providing limited forward-looking specifics on execution.