Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 53

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 53
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. Shares owned by the acquiror, by officers or by directors who are employees of the corporation are excluded
from shares entitled to vote on the matter. Control shares are voting shares of stock which, if aggregated with all other shares
of stock owned by the acquiror or in respect of which the acquiror is able to exercise or direct the exercise of voting power (except
solely by virtue of a revocable proxy), would entitle the acquiror to exercise voting power in electing directors within one of
the following ranges of voting power:

| ● | one-tenth or more but less than one-third; |

| ● | one-third or more but less than a majority; or |

| ● | a majority or more of all voting power. |

The requisite stockholder
approval must be obtained each time an acquiror crosses one of the thresholds of voting power set forth above. Control shares do
not include shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval.
A control share acquisition means the acquisition of issued and outstanding control shares, subject to certain exceptions.

A person who has made
or proposes to make a control share acquisition may compel the board of directors of the corporation to call a special meeting
of stockholders to be held within 50 days of demand to consider the voting rights of the shares. The right to compel the calling
of a special meeting is subject to the satisfaction of certain conditions, including an undertaking to pay the expenses of the
meeting. If no request for a meeting is made, the corporation may itself present the question at any stockholders meeting.

If voting rights are
not approved at the meeting or if the acquiring person does not deliver an acquiring person statement as required by the statute,
then the corporation may redeem for fair value any or all of the control shares, except those for which voting rights have previously
been approved. The right of the corporation to redeem control shares is subject to certain conditions and limitations, including,
compliance with the 1940 Act. Fair value is determined, without regard to the absence of voting rights for the control shares,
as of the date of the last control share acquisition by the acquiror or of any meeting of stockholders at which the voting rights
of the shares are considered and not approved. If voting rights for control shares are approved at a stockholders meeting and the
acquiror becomes entitled to vote a majority of the shares entitled to vote, all other stockholders may exercise