Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 39

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 39
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 are in the aggregate in the best interests
of the holders of the preferred stock. Additionally, the Board, without further action by the stockholders, may amend, alter, add
to or repeal any provision of the Articles Supplementary adopted pursuant to rating agency guidelines if the Board determines that
such amendments or modifications will not in the aggregate adversely affect the rights and preferences of the holders of any series
of the preferred stock, provided that the Fund has received advice from each applicable rating agency that such amendment or modification
is not expected to adversely affect such rating agency’s then-current rating of such series of the Fund’s preferred
stock.

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As described by Moody’s
and Fitch, the ratings assigned to the preferred stock are assessments of the capacity and willingness of the Fund to pay the obligations
of each series of the preferred stock. The ratings on the preferred stock are not recommendations to purchase, hold or sell shares
of any series, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The rating agency
guidelines also do not address the likelihood that an owner of preferred stock will be able to sell such shares on an exchange,
in an auction or otherwise. The ratings are based on current information furnished to Moody’s and Fitch by the Fund and the
Investment Adviser and information obtained from other sources. The ratings may be changed, suspended or withdrawn as a result
of changes in, or the unavailability of, such information.

The rating agency guidelines
will apply to the preferred stock, as the case may be, only so long as such rating agency is rating such shares at the request
of the Fund. The Fund pays fees to Moody’s and Fitch for rating the preferred stock.

Asset Maintenance Requirements. In addition to the requirements summarized under “—Rating Agency Guidelines” above, the Fund
must satisfy asset maintenance requirements under the 1940 Act with respect to its preferred stock. Under the 1940 Act, debt or
additional preferred stock may be issued only if immediately after such issuance the value of the Fund’s total assets (less
ordinary course liabilities) is at least 300% of the amount of any debt outstanding and at least 200% of the amount of any preferred
stock and debt outstanding.

The Fund is and likely
will be required under the Articles Supplementary of each series of preferred stock to determine whether it has, as of the last
business day of each March, June, September