Bank of America Updates Gabelli Multimedia Trust Preferred Share Stake

TL;DR

**Bank of America still holds Gabelli Multimedia Trust preferred shares, signaling continued institutional interest.**

AI Summary

Bank of America Corp /DE/ filed an amended SC 13G/A on January 31, 2024, indicating its ownership of Preferred Shares in The Gabelli Multimedia Trust Inc. as of December 31, 2023. This filing, an amendment number 02, updates their previous disclosure regarding their passive investment in the trust's preferred shares. This matters to investors because it confirms Bank of America's continued, albeit passive, interest in Gabelli Multimedia Trust, potentially signaling a degree of institutional confidence in the trust's preferred stock.

Why It Matters

This filing confirms Bank of America's ongoing passive investment in Gabelli Multimedia Trust's preferred shares, which can be a positive signal for current and prospective investors.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large financial institution, indicating passive ownership, and does not suggest any immediate risks.

Analyst Insight

Investors should note Bank of America's continued passive ownership of Gabelli Multimedia Trust's preferred shares, which could be a minor positive indicator of institutional confidence, but it doesn't suggest any immediate action beyond routine monitoring.

Key Players & Entities

• Bank of America Corp /DE/ (company) — filer of the SC 13G/A amendment
• The Gabelli Multimedia Trust Inc. (company) — issuer of the Preferred Shares
• Preferred Shares (other) — class of securities owned by Bank of America
• December 31, 2023 (date) — date of the event requiring the filing
• January 31, 2024 (date) — filing date of the SC 13G/A amendment

FAQ

Filing Documents

• doc1.htm (SC 13G/A) — 98KB
• bac_poa.htm (EX-99.1) — 9KB
• bana_jfa.htm (EX-99.2) — 3KB
• 0000070858-24-000021.txt ( ) — 112KB

From the Filing

SC 13G/A 1 doc1.htm Schedule 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 02 )* The Gabelli Multimedia Trust Inc. (Name of Issuer) Preferred Shares (Title of Class of Securities) 36239Q (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: &#8999 Rule 13d-1(b) &#9633 Rule 13d-1(c) &#9633 Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 36239Q 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BANK OF AMERICA CORPORATION 56-0906609 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) &#9633 (b) &#8999 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 5 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 5 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) &#9633 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES CUSIP No. 36239Q 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BANK OF AMERICA, NA 94-1687665 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) &#9633 (b) &#8999 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 5 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 5 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) &#9633 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) BK FOOTNOTES Item 1. (a) Name of Issuer The Gabelli Multimedia Trust Inc. (b) Address of Issuer's Principal Executive Offices ONE CORPORATE CENTER RYE, NY 10580 Item 2. (a) Name of Person Filing BANK OF AMERICA CORPORATION (b) Address of Principal Business Office or, if none, Residence BANK OF AMERICA CORPORATE CENTER 100 NORTH TRYON STREET CHARLOTTE, NC 28255 (c) Citizenship Delaware (d) Title of Class of Securities Preferred Shares (e) CUSIP Number 36239Q Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) &#9633 Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) &#9633 Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) &#9633 Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) &#9633 Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) &#9633 An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) &#9633 An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) &#8999 A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) &#9633 A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) &#9633 A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) &#9633 A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) &#9633 A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5 (b) Percent of class: 0.0 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 5 (iii) Sole power to dispo

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