Gabelli Multimedia Trust’s 5.125% cumulative preferreds list on NYSE

By Stephanie N. Rotondo

Seattle, Sept. 29 – The Gabelli Multimedia Trust Inc.’s $50 million of 5.125% series E cumulative preferred shares began trading on the New York Stock Exchange on Friday.

The ticker symbol is “GGTPrE.”

The deal priced Sept. 21.

BofA Merrill Lynch and UBS Securities LLC were the joint bookrunners.

Dividends will be payable on a quarterly basis. The preferreds become redeemable on Sept. 26, 2022 at par plus accrued dividends.

The company plans to use the proceeds to purchase portfolio securities in accordance with its investment objective and policies.

Gabelli Multimedia is a Rye, N.Y.-based non-diversified, closed-end management investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.