Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
Gabelli Multimedia Trust (NYSE:GGT) has reaffirmed its 10% distribution policy, declaring a $0.22 per share cash distribution payable on March 24, 2025, to shareholders of record on March 17, 2025. The Fund aims to distribute annually 10% of its average net asset value or meet minimum IRS requirements for regulated investment companies.
The distribution is currently deemed 100% from paid-in capital on a book basis. The Board reviews potential distributions quarterly, considering income, realized capital gains, and available capital. The policy may be modified, and distributions can be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate. A 3.8% Medicare surcharge may apply to certain shareholders whose income exceeds specific thresholds.
Gabelli Multimedia Trust (NYSE:GGT) ha ribadito la sua politica di distribuzione del 10%, dichiarando una distribuzione in contante di $0,22 per azione che sarà pagata il 24 marzo 2025 agli azionisti registrati il 17 marzo 2025. Il Fondo mira a distribuire annualmente il 10% del suo valore medio netto degli attivi o a soddisfare i requisiti minimi dell'IRS per le società di investimento regolate.
Attualmente, la distribuzione è considerata al 100% proveniente da capitale versato su base contabile. Il Consiglio esamina le potenziali distribuzioni su base trimestrale, considerando il reddito, i guadagni di capitale realizzati e il capitale disponibile. La politica può essere modificata e le distribuzioni possono essere trattate come guadagni di capitale a lungo termine o reddito da dividendi qualificati, soggetti a un'aliquota fiscale federale massima del 20%. Un supplemento Medicare del 3,8% può applicarsi a determinati azionisti il cui reddito supera soglie specifiche.
Gabelli Multimedia Trust (NYSE:GGT) ha reafirmado su política de distribución del 10%, declarando una distribución en efectivo de $0.22 por acción que se pagará el 24 de marzo de 2025 a los accionistas registrados el 17 de marzo de 2025. El Fondo tiene como objetivo distribuir anualmente el 10% de su valor neto promedio de activos o cumplir con los requisitos mínimos del IRS para compañías de inversión reguladas.
La distribución se considera actualmente al 100% proveniente de capital aportado en base contable. La Junta revisa las distribuciones potenciales trimestralmente, considerando ingresos, ganancias de capital realizadas y capital disponible. La política puede ser modificada y las distribuciones pueden tratarse como ganancias de capital a largo plazo o ingresos por dividendos calificados, sujetos a una tasa impositiva federal máxima del 20%. Un recargo de Medicare del 3.8% puede aplicarse a ciertos accionistas cuyos ingresos superen umbrales específicos.
가벨리 멀티미디어 트러스트 (NYSE:GGT)는 10% 분배 정책을 재확인하며, 2025년 3월 24일에 주주들에게 지급될 주당 $0.22의 현금 분배를 선언했습니다. 이 분배는 2025년 3월 17일 기준 주주에게 지급됩니다. 이 펀드는 연간 평균 순자산 가치의 10%를 분배하거나 규제 투자 회사에 대한 IRS의 최소 요구 사항을 충족하는 것을 목표로 하고 있습니다.
현재 이 분배는 회계 기준으로 전액 자본금에서 나온 것으로 간주됩니다. 이사회는 수익, 실현된 자본 이득 및 사용 가능한 자본을 고려하여 분배 가능성을 분기별로 검토합니다. 정책은 수정될 수 있으며, 분배는 장기 자본 이득 또는 자격이 있는 배당 소득으로 처리될 수 있으며, 최대 20%의 연방 세율이 적용됩니다. 특정 주주에게는 소득이 특정 기준을 초과할 경우 3.8%의 Medicare 추가세가 적용될 수 있습니다.
Gabelli Multimedia Trust (NYSE:GGT) a réaffirmé sa politique de distribution de 10 %, en déclarant une distribution en espèces de 0,22 $ par action, payable le 24 mars 2025 aux actionnaires enregistrés le 17 mars 2025. Le Fonds vise à distribuer annuellement 10 % de sa valeur nette moyenne des actifs ou à respecter les exigences minimales de l'IRS pour les sociétés d'investissement réglementées.
La distribution est actuellement considérée comme étant 100 % provenant du capital versé sur une base comptable. Le Conseil examine les distributions potentielles chaque trimestre, en tenant compte des revenus, des gains en capital réalisés et du capital disponible. La politique peut être modifiée, et les distributions peuvent être considérées comme des gains en capital à long terme ou des revenus de dividendes qualifiés, soumis à un taux d'imposition fédéral maximal de 20 %. Un supplément Medicare de 3,8 % peut s'appliquer à certains actionnaires dont le revenu dépasse des seuils spécifiques.
Gabelli Multimedia Trust (NYSE:GGT) hat seine 10%-Verteilungspolitik bekräftigt und eine Barausschüttung von 0,22 $ pro Aktie erklärt, die am 24. März 2025 an die Aktionäre ausgezahlt wird, die am 17. März 2025 im Aktienregister stehen. Der Fonds zielt darauf ab, jährlich 10% seines durchschnittlichen Nettowertes der Vermögenswerte auszuschütten oder die Mindestanforderungen der IRS für regulierte Investmentgesellschaften zu erfüllen.
Die Ausschüttung wird derzeit als 100% aus einbezahltem Kapital auf Buchbasis angesehen. Der Vorstand überprüft potenzielle Ausschüttungen vierteljährlich und berücksichtigt dabei Einkommen, realisierte Kapitalgewinne und verfügbares Kapital. Die Politik kann geändert werden, und Ausschüttungen können als langfristige Kapitalgewinne oder qualifizierte Dividendeneinkünfte behandelt werden, die einer maximalen Bundessteuer von 20% unterliegen. Ein Zuschlag von 3,8% für Medicare kann auf bestimmte Aktionäre angewendet werden, deren Einkommen bestimmte Schwellenwerte überschreitet.
- Maintained consistent 10% distribution policy
- Declared $0.22 per share quarterly distribution
- Current distribution is 100% from paid-in capital, indicating lack of earnings coverage
- Distribution may represent return of capital rather than earned income
Insights
The reaffirmation of Gabelli Multimedia Trust's 10% distribution policy, with a
The distribution's classification as 100% paid-in capital for the current payment is noteworthy. This classification suggests the Fund is currently returning shareholders' original investment rather than distributing earned income or capital gains. While this approach maintains the promised distribution level, it potentially impacts the Fund's long-term asset base and future distribution sustainability.
The tax treatment complexity adds another layer of consideration. The potential classification of distributions as long-term capital gains or qualified dividend income, subject to a maximum
The Fund's quarterly review mechanism by the Board of Directors provides a governance framework for monitoring distribution sustainability against market conditions and net asset value fluctuations. This adaptive approach helps balance shareholder income needs with fund sustainability, though maintaining a
Understanding the mechanics of this distribution policy is important for investors: while the
RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its
The Fund intends to pay a minimum annual distribution of
Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, the current distribution paid to common shareholders in 2025 would be deemed
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Carter Austin
(914) 921-5475
About The Gabelli Multimedia Trust
The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with
NYSE: GGT
CUSIP – 36239Q109
Investor Relations Contact:
Carter Austin
(914) 921-5475
caustin@gabelli.com
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