Company: GGT-PG
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002911
Chunk: 9

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 9
---
 | On                                                                                                  
 September 9, 2015, Mr. Zizza entered into a settlement with the Securities and Exchange Commission  
 (the “SEC”) to resolve an inquiry relating to an alleged violation                                  
 regarding the making of false statements or omissions to the accountants of a company concerning    
 a related party transaction. The company in question is not an affiliate of, nor has any            
 connection to, the Fund. Under the terms of the settlement, Mr. Zizza, without admitting            
 or denying the SEC’s findings and allegation, paid $150,000 and agreed to cease and                 
 desist committing or causing any future violations of Rule 13b2-2 of the Securities Exchange        
 Act of 1934, as amended (the “1934 Act”). The Board has discussed                                   
 this matter and has determined that it does not disqualify Mr. Zizza from serving as an Independent 
 Director.                                                                                           |

| (9) | Includes                                                                                      
 time served in prior positions with the Fund. Each officer will hold office for an indefinite 
 term until the date he or she resigns or retires or until his or her successor is elected     
 and qualified.                                                                                |

| (10) | As                                                                                              
 of December 31, 2024, there are a total of 50 registered investment companies in the Fund       
 Complex. Of the 50 registered investment companies, Mr. Gabelli serves as a director or trustee 
 for 31 funds, sole portfolio manager of 6 funds, and part of the portfolio management team      
 of 14 funds.                                                                                    |

* Nominee to serve,
if elected, until the Fund’s 2028 Annual Meeting of Stockholders or until his or her successor is duly elected and qualified.

** Term continues until the Fund’s
2027 Annual Meeting of Stockholders or until his or her successor is duly elected and qualified.

*** Term continues until the Fund’s 2026
Annual Meeting of Stockholders or until his or her successor is duly elected and qualified.

The Board believes
that each Director’s experience, qualifications, attributes or skills on an individual basis and in combination with those of other
Directors lead to the conclusion that each Director should serve in such capacity. Among the attributes or skills common to all Directors
are their ability to review critically and to evaluate, question and discuss information provided to them, to interact effectively with
the other Directors, the Adviser, the sub-administrator, other service providers, counsel, and the Fund’s independent registered