Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 30

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 30
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The Fund</div>

The
Fund is registered as a non-diversified, closed-end management investment company registered under the 1940 Act. Although the Fund is
registered as a non-diversified fund, it has operated as a diversified fund for over three years. Therefore, the 1940 Act obliges the
Fund to continue to operate as a diversified fund unless the Fund obtains stockholder approval to operate as a non-diversified fund.
The Fund was organized as a Maryland corporation on March 31, 1994. The Fund commenced its investment operations on November 15,
1994. The Fund’s principal office is located at One Corporate Center, Rye, New York 10580-1422.

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Investment Objective and Policies</div>

Investment Objectives

The Fund’s primary
investment objective is to achieve long-term growth of capital by investing primarily in the common stock and other securities
of foreign and domestic companies involved in the telecommunications, media, publishing, and entertainment industries. Income is
the secondary investment objective. The investment objectives of long-term growth of capital and income are fundamental policies
of the Fund. The Fund’s policy of concentration in companies in the telecommunications, media, publishing, and entertainment
industries is also a fundamental policy of the Fund.

Under normal market
conditions, the Fund will invest at least 80% of the value of its net assets, plus borrowings for investment purposes, in common
stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications,
media, publishing, and entertainment industries (the “80% Policy”). The Fund may invest in companies of any size market
capitalization. The Fund may invest, without limitation, in foreign securities. The Fund may also invest in securities of companies
located in emerging markets.

A company will be considered
to be in these industries if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to,
the indicated activities or multimedia related activities. The 80% Policy may be changed without stockholder approval. The Fund
will provide stockholders with notice at least sixty days prior to the implementation of any change in the 80% Policy.

The information contained
under the heading “Additional Fund Information—Investment Objectives and Policies” in the Fund’s Annual
Report is incorporated herein by reference.

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