Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 56

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 56
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 assurance that such actions, if undertaken,
would result in the shares trading at a price equal or close to net asset value per share. The Board might also consider converting
the Fund to an open-end mutual fund, which would also require a supermajority vote of the stockholders of the Fund and a separate
vote of any outstanding shares of preferred stock. We cannot assure you that the Fund’s common stock will not trade at a
discount.

<div align='center'>- 31 -

Repurchase of Common Stock</div>

The
Fund is registered as a closed-end, non-diversified, management investment company and, as such, its stockholders do not, and will not,
have the right to redeem their stock. The Fund, however, may repurchase its common stock from time to time as and when it deems such
a repurchase advisable. The Fund’s Board has determined that the repurchase of shares of common stock in the open market may be
made, from time to time, when such shares are trading at a discount of 5% (or such other percentage as the Board may determine from time
to time) or more from net asset value. Pursuant to this authorization the Fund has repurchased and retired in the open market 1,595,468
shares through December 31, 2023.

Pursuant to the 1940
Act, the Fund may repurchase its stock on a securities exchange (provided that the Fund has informed its stockholders within the
preceding six months of its intention to repurchase such stock), or as otherwise permitted in accordance with Rule 23c-1 under
the 1940 Act. Under Rule 23c-1, certain conditions must be met for such repurchases of its stock regarding, among other things,
distribution of net income for the preceding fiscal year, asset coverage with respect to the Fund’s senior debt and equity
securities, identity of the sellers, price paid, brokerage commissions, prior notice to stockholders of an intention to purchase
stock and repurchasings in a manner and on a basis which does not discriminate unfairly against the other stockholders through
their interest in the Fund. In addition, Rule 23c-1 requires the Fund to file notices of such purchase with the SEC. Any repurchase
of common stock by the Fund will also be subject to the provisions of the Maryland General Corporation Law, which generally requires
that immediately following such repurchase, (i) the total assets of the