Company: GGT-PG
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001664
Chunk: 16

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-10
Form: N-CSR
Chunk 16
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     | $         | 3,798,162 |     | $            | 24,504,720 |     | $         | 4,307,984 |

Provision for Income Taxes.The Fund intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). It is the policy of the Fund to comply with the requirements of the Code applicable to regulated investment companies and to distribute substantially all of its net investment company taxable income and net capital gains. Therefore, no provision for federal income taxes is required.

At December 31, 2024, the components of accumulated earnings/losses on a tax basis were as follows:

| Accumulated capital loss carryforwards                                       |     | $ | (5,079,862 | ) |
| Net unrealized appreciation on investments and foreign currency translations |     |   | 13,826,080 |   |
| Other temporary differences*                                                 |     |   |    (57,533 | ) |
| Total                                                                        |     | $ |  8,688,685 |   |

| * | Other temporary differences are due to preferred share class distributions payable. |

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The Gabelli Multimedia Trust Inc.

Notes to Financial Statements (Continued)

The Fund is permitted to carry capital losses forward for an unlimited period. Capital losses that are carried forward will retain their character as either short term or long term capital losses. The Fund has a long term capital loss carryforward with no expiration of $5,079,862.

The Fund utilized $1,130,402 of the capital loss carryforward for the year ended December 31, 2024.

At December 31, 2024, the temporary differences between book basis and tax basis net unrealized appreciation on investments were primarily due to deferral of losses from wash sales for tax purposes, tax basis adjustments due to corporate actions, mark-to-market adjustments on investments in passive foreign investment companies, and investments no longer considered passive foreign investment companies.

The following summarizes the tax cost of investments and the related net unrealized appreciation at December 31, 2024:

|             |     | Cost |             |     | Gross        
 Unrealized   
 Appreciation |            |     | Gross        
 Unrealized   
 Depreciation |             |   |     | Net          
 Unrealized   
 Appreciation |            |
|:------------|:----|:-----|------------:|:----|:-------------