Gabelli Multi-Media Trust Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On April 16, 2025, The Gabelli Multimedia Trust Inc. (NYSE: GGT) (the “Fund”) entered into a sales agreement (the “Sales Agreement”) with G.research, LLC (the “Sales Manager”), pursuant to which the Fund may offer and sell up to 5,000,000 shares of common stock of the Fund, par value $0.001 per share (the “Common Stock”), from time to time, through the Sales Manager, in transactions deemed to be “at the market” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Offering”). The minimum price on any day at which Common Stock may be sold will not be less than the then current net asset value per share plus the per share amount of the commission to be paid to the Distributor.
The Offering is being made pursuant a prospectus supplement, dated April 17, 2025 and the accompanying prospectus, dated April 19, 2024, each of which constitute part of the Fund’s effective shelf registration statement on Form N-2 (File No. 333-277213) previously filed with the Securities and Exchange Commission (the “Registration Statement”).
The foregoing description of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference.
| Item 8.01. | Other Events |
On April 21, 2025, the Fund commenced the Offering pursuant to the Fund’s Registration Statement. A copy of the opinion of Venable LLP relating to the legality of the Common Stock is filed as Exhibit 5.1 to this report.
The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 1.1 | Sales Agreement between the Registrant and G.research, LLC |
| 5.1 | Opinion of Venable LLP |
| 23.1 | Consent of Venable LLP (included in Exhibit 5.1) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE GABELLI MULTIMEDIA TRUST INC. | ||
| Date: April 22, 2025 | By: |
/s/ John C. Ball |
| Name: | John C. Ball | |
| Title: | President and Treasurer | |