In plain terms — Gabelli Multimedia Trust
Shares currently cost about 14.2% more than the value of the assets behind them (a premium).
Over the past year it has averaged a 10.6% premium, so today's level is unusually high for this fund (Z-score +2.1). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 24.4% a year of the share price (27.9% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade above the value of their assets, each dollar of reinvested distributions buys about $0.88 of assets — a ReinvestCapture™ rate of 21.4%, less than the payout rate itself. That is buying power, not a return.
The assets themselves grew 12.9% over the past year including distributions (NAV total return).
Annual costs are 1.58% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | +12.31% | 2.51% | +1.58 | 64 |
| 6 months | +11.22% | 2.53% | +2.00 | 126 |
| 1 year | +10.63% | 2.74% | +2.06 | 250 |
| 3 years | +27.75% | — | — | — |
| 5 years | +31.85% | — | — | — |
Current contemporaneous premium/discount +16.28% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range +2.88% to +17.70%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -3.71% | -8.04% | -7.38% | -3.95% | -12.75% | -16.02% |
| Market price total return | -1.79% | -2.99% | +8.49% | +18.68% | +5.26% | -1.21% |
| NAV return | -6.27% | -7.77% | -9.47% | -10.65% | +0.29% | -17.14% |
| NAV total return | -4.14% | -2.08% | +7.92% | +12.87% | +27.30% | +2.95% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries. The fund also invests in companies participating in emerging technological advances in interactive services and products. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Index and MSCI World Free Index. It was formerly known as Gabelli Global Multimedia Trust Inc. The Gabelli Multimedia Trust Inc. was formed on November 15, 1994 and is domiciled in the United States.
CEF Explorer research page for Gabelli Multimedia Trust Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.