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Gabelli Global Multimedia Trust Inc
Gabelli Global Multimedia Trust Inc. is a publicly traded closed-end investment company that is part of the Gabelli family of funds. The company's investment objective is to seek long-term growth of capital and income through investments in equities of multimedia companies worldwide. The company's portfolio is managed by GAMCO Investors, Inc., an independent investment management firm founded by Mario Gabelli.
Gabelli Global Multimedia Trust Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol "GGT". The company has a market capitalization of approximately $300 million as of February 2023, making it a small cap stock. The company's net asset value (NAV) as of the most recent reporting period is $24.03 per share, as of January 31, 2023.
The company's investment portfolio is focused on multimedia companies, which the company defines as those involved in the production, distribution, or sale of entertainment content, communications services, or information services. The portfolio is diversified across a range of industries and geographies, with exposures to the United States, Europe, Asia, and other regions.
Gabelli Global Multimedia Trust Inc. pays a regular quarterly dividend to shareholders, with a current yield of approximately 6.5% based on the most recent NAV. The company has a long history of paying dividends and has increased its dividend annually for 29 consecutive years.
It is important to note that investment in individual stocks and closed-end funds can be subject to significant risks, including market volatility, changes in economic conditions, and company-specific factors. As with any investment, it is important to conduct thorough research and consider seeking the advice of a financial advisor before making investment decisions.