Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 59

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 59
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 U.S. federal income tax on income and gains that it distributes each taxable year to stockholders,
provided that it distributes at least 90% of the sum of the Fund’s (i) investment company taxable income (which includes,
among other items, dividends, interest, the excess of any net short term capital gain over net long term capital loss, and other
taxable income other than any net capital gain (as defined below) reduced by deductible expenses) determined without regard to
the deduction for dividends paid and (ii) net tax-exempt interest income (the excess of its gross tax-exempt interest income over
certain disallowed deductions), if any. The Fund will be subject to income tax at regular corporate rates on any investment company
taxable income and net capital gain that it does not distribute to its stockholders.

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The Fund may either
distribute or retain for reinvestment all or part of its net capital gain (which consists of the excess of its net long term capital
gain over its net short term capital loss). If any such gain is retained, the Fund will be subject to a corporate income tax on
such retained amount. In that event, the Fund may report the retained amount as undistributed capital gain in a notice to its stockholders,
each of whom (i) will be required to include in income for U.S. federal income tax purposes as long term capital gain its share
of such undistributed amounts, (ii) will be entitled to credit its proportionate share of the tax paid by the Fund against its
U.S. federal income tax liability and to claim refunds to the extent that the credit exceeds such liability and (iii) will increase
its basis in its shares by the amount of undistributed capital gains included in the stockholder’s income less the tax deemed
paid by the stockholder under clause (ii).

Amounts not distributed
on a timely basis in accordance with a calendar year distribution requirement are subject to a nondeductible 4% federal excise
tax at the Fund level. To avoid the tax, the Fund must distribute during each calendar year an amount at least equal to the sum
of (i) 98% of its ordinary income (not taking into account any capital gains or losses) for the calendar year, and (ii) 98.2% of
its capital gains in excess of its capital losses (adjusted for certain ordinary losses) for a one-year period generally ending
on October