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GGT / Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG

The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV during one of the great bull markets in technology this year. GGT's NAV started the year at $3.89 and it closed Friday at $3.83. That's what happens when you have a 23.0% NAV yield that has very little chance of being covered by the fund's holdings and the end result is continued NAV erosion. Read More

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Posted: Jun 26 2023, 10:50

Author Name: Seeking Alpha

GGT News

By Seeking Alpha
August 30, 2023

Equity CEFs: Peak Insanity, Version 2023

In 2018, we warned about premium valuations in equity CEFs before a correction and bear market occurred. We believe that the current wide discounts in

By Seeking Alpha
June 26, 2023

Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG

The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV

By Seeking Alpha
May 8, 2023

GGT: Telecom And Media Equity CEF, 15% Dividend Yield

The Gabelli Multimedia Trust is an equity closed end fund. The CEF takes leveraged positions in Telecom and Media equities.

By Seeking Alpha
December 20, 2022

Equity CEFs: Got High NAV Yield? Time To Really Swap GGT For CLM Or CRF

Don't believe for one second that any fund that doesn't cut its distribution, particularly with an astronomical 23.5% NAV yield, deserves a high premi

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