Gabelli Multi-Media Trust Inc. (The) (NYSE:GGT)
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- Lindsey1: $GGT Yieldhog though now only yielding 8.52%. I was wondering if anyone has any thoughts on the rights offering to buy more at $9. It is now trading at $10 as I write. I have a nice gain in the stock but wondering if it will drop in price after rights expiration as did $OXCL. I believe the rights offering expires 7/17.
- jan2138: @Lindsey1 $GGT; big difference between this Rights Offering and OXLC's. This a transferable right which is trading on the NYSE under the symbol $GGT.RT, at least this is the symbol on E*Trade. The OXLC was a nontransferable offering and thus, were no ...
- Lindsey1: $GGT Yield hog Went ExDiv yesterday and has dropped on the anouncement of a rights offering. "Each shareholder will receive one transferable right (the “Right”) for each share of common stock held on the record date (June 17, 2014). Three Rights plus $9.00 (the “Subscription Price”) will be required to purchase one additional share of common stock (the “Primary Subscription”). The purchase price will be payable in cash." No opinion yet of wheather this is good or bad
- jan2138: @Lindsey1 $GGT: the shares dropped today because they started trading ex the rights today. Yesterday, they dropped as you noted because of the ex date. With the 3 rights no longer trading with the shares, it dropped by the implied value of those rights which, because they are transferable and will be trading on the NYSE starting 6/20/14, have value. Anyone buying shares today will not receive those rights.
- wildfire3d: $GGT - @jan2138 - thanks @dana, always nice when we get great gains as well as yield... only problem is i didnt buy enough. i re-read management commitment to payout 10%, but that could mean it could pull back toward $8.00/share vs rasing div. trading at slight premium to NAV. seldom go wrong following you in ... or out ...
- jan2138: #yieldhogs: distributions & good news; $GGN, $GNT declare dists. for next 3 months and $PMM for next month at same levels as previous periods. $GGT declares .20c qtly. dist. which same as last quarter. I was a bit concerned that $GGN and $GNT might not with what's going on in the gold sector.
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wildfire3d: ...
$GGT (95% qual div)
PSEC(50%)
EOD(35%)
i swagged all percentages in my head.
some positions are no longer on the @jan2138 list.
all positions entered with intent for long term ( so they met the time constraints to qualify).
also as @Jan2 ... -
grcjr: ...
$GGT 9.03% Total Distribution Rate
$GNT 11.00% Total Distribution Rate
$IVR 12.09% Annualized #Dividend Yield
$MCC 9.63% Annualized #Dividend Yield
$MITT 12.89% Annualized #Dividend Yield
$NLY 11.31% Annualized #Dividend Yield
$NRF 7.59 ... - bcsummerfield: #Yieldhogs @dividend135, hope you are doing well today! I think this is the most recent from @jan2138 that he posted on 6/21/2012 #yieldhogs: latest list of hoglets= Latest list: $AFB, $AGNC, $ALSK, $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $ETY, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, $NRF, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, $TWO, $VGM, $VMO, $VPV, WIN. $AFB, $BTA, $CMU, $EIP, $MHI, $NXZ, $PMM, $VGM, $VMO, $VPV, $ARE TAX $FREE CLOSED $END FUNDS.
- pdocker: @garybris - Here is the most recent from @jan2138 that he posted on 6/21/2012 #yieldhogs: latest list of hoglets= Latest list: $AFB, $AGNC, $ALSK, $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $ETY, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, $NRF, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, $TWO, $VGM, $VMO, $VPV, WIN. $AFB, $BTA, $CMU, $EIP, $MHI, $NXZ, $PMM, $VGM, $VMO, $VPV, $ARE TAX $FREE CLOSED $END FUNDS.
- peterd: Yield Hogs:@lawn2012 If you do a search on the forum you will find a current list of Yield Hogs. Here is the most recent from @jan2138 that he posted on 6/21/2012 #yieldhogs: latest list of hoglets= Latest list: $AFB, $AGNC, $ALSK, $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $ETY, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, $NRF, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, $TWO, $VGM, $VMO, $VPV, WIN. $AFB, $BTA, $CMU, $EIP, $MHI, $NXZ, $PMM, $VGM, $VMO, $VPV, $ARE TAX $FREE CLOSED $END FUNDS. If you have any questions, please don't hesitate to ask.
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scorpino: ...
$AFB, $AGNC, $ALSK, $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $ETY, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, $NRF, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, ... - jan2138: #yieldhogs: latest list of hoglets= Latest list: $AFB, $AGNC, $ALSK, $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $ETY, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, $NRF, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, $TWO, $VGM, $VMO, $VPV, WIN. $AFB, $BTA, $CMU, $EIP, $MHI, $NXZ, $PMM, $VGM, $VMO, $VPV, $ARE TAX $FREE CLOSED $END FUNDS. If you have any questions, please don't hesitate to ask.
- snmtraders: Hogs - and I would look at $GGT - yields 13.3% and is trading roughly 9% below its NAV. This is another Gabelli closed end fund, and invests in companies that create and distribute intellectual property rights
- taylor: $GGN, $GGT - added initial long positions in a couple of #yieldhog stocks today: $GGN 10.67% yield Ex-#Dividend Date 05/14/12 $GGT 11.40% yield Ex-#Dividend Date 06/14/12
- cmac: $GGT adding to $GGT this morning at 7.09. 11% yield hog.
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jan2138: #yieldhogs: GGN; yesterday, I posted some erroneous information about the distributions situations for both of these issues. I was looking at $GGN and $GGT fundies on my screens and did an outstanding job of mixing them up. I posted:
#yieldhogs: G ... - ghan74: #yieldhogs -GGN - $GGT - is "yield" the right term to use here for these. aren't they closed end funds that pay out at a certain rate but the actual #dividend is much less and the rest is return of capital. Looking at $GGN vs the $GLD fund over 5 years it seems that $GGN underperforms $GLD at about the rate of the payout. So is this really in the same @bucket as other hi yielders like $NLY ?
- jan2138: @markcomish: that's a tall order as they are all my "favorites". I have 50 different positions of which 47 are high yielders. I can't remember all of the fundamentals for all of them. I do the homework before I enter, scale in and let the market dict ...
- jan2138: #yieldhogs: GGT; more good news. $GGT declares 1st qtr. dist. of .20c, ex 3/14/12. 11.02 yield. Do not be fooled when you see dist. paid last quarter was .27c. That extra .07c paid in December 2011 was an an adjusting addition to bring the total payout for the year to the stated policy of paying out 10% of the average $NAV within a calendar year or an amount necessary to satisfy the $IRS code, whichever is greater. The previous 3 quarters were .20c payouts. This has been on a nice run and is still trading 10.84% discount to NAV.
- jan2138: #yieldhogs: current list of mine including muni cef's: $AFB, $AGNC, $ALSK (no longer in good standing), $ANH, $AOD, $ARR, $BGY, $BOE, $BTA, $CIM, $CMO, $CMU, $CXS, $CYS, $DX, $EIP, $EOD, $ETJ, $ETW, $EXG, $FMY, $FSC, $FTR, $GGN, $GGT, $HTS, $IGA, $IRR, $IVR, $MFA, $MHI, $NLY, NRF.PR.B, $NXZ, OTT, $PMM, $PNNT, $PSEC, $SRV, $TCAP, $TICC, $TWO, $VGM, $VGR, $VPV, WIN. By no means, is this an entire universe of high yielding issues. But, it can get you started. You might go back in the forum to a post made by "@Henry" on 10/25/11 with a list of links to posts dealing with investing in high yield securities.
- davewells: GGT..not @dana but i will take a shot at this...on the closed end fund front ,$GGT trades at an 11.36 discount to nav and yields 15%,one of the best opportunities in the closed end space..it goes ex-div in early march..i followed @dana into this one ..for more info ,check out cefconnect.com..dave
- jan2138: #yieldhogs: PYA; sold my position @24.70, a yield of 7.08. I sold it because the yield is quite low, it is bumping up against the 25.00 par value, I had just picked up a #dividend with the next not due until 7/2012, my average cost was about $9.45 with little room for any more gain, and I could use the cash. I then added some $GGT which is yielding 15.19 with a distribution coming in March. It is trading at 10% discount to $NAV and is consolidating after a nice uptrend. If it pulls back, I will add more.
- eileff: $GGT followed you in on this one.
- Goose: #YIELDHOGS: JAN, on these Gabelli things, are there special charges, commissions etc., or is this $GGT just like buying a stock? Thank you.
- rayinpa: #yieldhogs @jan2138 @Dana, thanks for the reply. I'm not sure if I have any MLPs or LLCs. I have the following which I thought are mostly financial #REITs and BDCs: $AGNC, $ARR, $CIM, $CMO, $CYS, $DX, $EOD, $FSC, $GGN, $GGT, $HTS, $IVR, $MXF, $NLY, $NRF, $PNNT, $PSEC, $TCAP, $TICC, $TWO, and VGR. Do you recognize any MLPs or LLCs within them? I have not received any 1099s or K-1, at least I think I have not. Regards @Ray
- rayinpa: #yieldhogs @jan2138 The stocks (funds) I'm not sure include MLPs or LLCs are: $EOD, $GGN, $GGT, and MXF. Still researching. Regards, @Ray
- MultiMill: $GGT - I believe this was discussed here as a Yield Hog. When I go to Yahoo Finance and look at the 'Key Statistics' tab, it shows that the 'Trailing Average #Dividend Yield' is 13.4%. When I look at the 'Forward Average #Dividend Yield' it is only 0.1%. Can anyone explain to me why this is? I'm assuming that they did not cut the #dividend that much, but the numbers seem to indicated that. On the $GGT website, it shows that the last #dividend paid was $0.27/share on December 16, 2011. Rough math (stock closed at $6.43 on 12/9/11 - the day the #dividend was announced) says that it equivalent to a 16.8% annual yield. So what can I expect going forward? Something in line with 13% to 16% annual yield or something much less? Should I not use Yahoo Finance for this type of information?
- Henry: $GGT cefconnect.com is better than Yahoo but the $GGT website is pretty clear. A good chunk of that "yield" is return of capital. I can't quite get my head around why this is advantageous to me. True it is not taxable, but is it really income, or just my money? If you look at their performance at cefconnect, it's a volatile sucker.
- ghan74: $GGT - these gold closed end funds are typical of the $CEF that pay out a big #dividend but most of it is retirn of your own money. Your tax statement will show that. Look at a comparison of the price history vs $GDX and you will see. The cefunds price will be dropping each year. Similar funds like $BDJ and BDV do this with regular equities. It fools a lot of people
- Lou: $GGT - not a gold fund - Gabelli Global Telemedia. It has a policy of distributing 10% of $NAV that's why it distributes out earnings and capital. At this time $NAV is significantly above market value. I have no position. @Lou
- Lou: $GGT @jan218 - Hi @Dana - that's a name out of my past! I owned $GGT for a long time and finally got out at about breakeven taking into account dividends. Somehow, in up and down markets it under performed when I owned it. Must have been my timing on this one. Good luck with the investment.
- snmtraders: $GGT - I'm seeing a 13.57% yield. Not bad, but not 16.88%. Was there a special #dividend paid out last year, or how are you calculating this, please?
- jan2138: #yieldhogs: $HTY and GGT; did a swap. On 8/4/11, I posted that I was reentering $HTY @ 12.58 when it was yielding 11.44 and trading at a 3% premium to NAV. I sold it today @13.05 after picking up a .36c dist. and a .32c dist. It is now trading at a 1 ...
- jan2138: #yieldhogs: $GGT, $CH, & $MXF are 3 tickers I am researching. These are a bit different than most of my other holdings and if they pass muster, I will watch for entries. An attractive yield is criterion # 1 which each of these possesses. Wish I knew when I will be comfortable buying anything.
| Stock Price | $4.33 |
| Change | 0.81% |
| Volume | 146,532 |
A closed-end, non-diversified management investment Company seeking investment interest in long-term growth presented in the global telecommunications, media, publishing and entertainment industries. It performs a bottom-up research.
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