Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 47

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 47
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1940 Act, the vote, at the annual or a special
meeting of the stockholders of the Fund duly called (i) of 67% or more of the shares of preferred stock present at such meeting,
if the holders of more than 50% of the outstanding shares of preferred stock are present or represented by proxy, or (ii) of more
than 50% of the outstanding shares of preferred stock, whichever is less. The class vote of holders of preferred stock described
above in each case will be in addition to a separate vote of the requisite percentage of common stock, and any other preferred
stock, voting together as a single class, that may be necessary to authorize the action in question.

The calculation of
the elements and definitions of certain terms of the rating agency guidelines may be modified by action of the Board without further
action by the stockholders if the Board determines that such modification is necessary to prevent a reduction in rating of the
shares of preferred stock by Moody’s and/or Fitch (or such other rating agency then rating the preferred stock at the request
of the Fund), as the case may be, or is in the best interest of the holders of common stock and is not adverse to the holders of
preferred stock in view of advice to the Fund by the relevant rating agencies that such modification would not adversely affect
its then-current rating of the preferred stock.

The foregoing voting
provisions will not apply to any series of preferred stock if, at or prior to the time when the act with respect to which such
vote otherwise would be required will be effected, such stock will have been redeemed or called for redemption and sufficient cash
or cash equivalents provided to the applicable paying agent to effect such redemption. The holders of preferred stock will have
no preemptive rights or rights to cumulative voting.

Subscription Rights

General. We
may issue subscription rights to holders of our (i) common stock to purchase common and/or preferred stock or (ii) preferred stock
to purchase preferred stock (subject to applicable law). Subscription rights may be issued independently or together with any other
offered security and may or may not be transferable by the person purchasing or receiving the subscription rights. In connection
with a subscription rights offering to holders of our common and/or preferred stock, we would distribute certificates evidencing
the subscription rights and a Prospectus Supplement to our common or preferred stockholders, as applicable, as of the record date
that we set for determining the stockholders eligible to receive subscription rights in such