Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 6

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 6
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 in the example calculation, the estimated expenses for the 1-, 3-, 5- and 10-year periods in the table above would be as follows (based on the same assumptions as above): $ 21, $ 66, $ 114, and $ 245, respectively.

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<div align='center'>USE OF PROCEEDS</div>

Sales of shares of our common
stock, if any, under this prospectus supplement and the accompanying prospectus may be made in negotiated transactions or transactions
that are deemed to be “at the market” as defined in Rule 415 under the 1933 Act, including sales made directly on
the NYSE or sales made to or through a market maker other than on an exchange. There is no guaranty that there will be any sales of shares
of our common stock pursuant to this prospectus supplement and the accompanying prospectus. Actual sales, if any, of our common stock
under this prospectus supplement and the accompanying prospectus may be less than as set forth in this paragraph. In addition, the price
per share of any such sale may be greater or less than the price set forth in this paragraph, depending on the market price of our common
stock at the time of any such sale. As a result, the actual net proceeds we receive may be more or less than the amount of net proceeds
estimated in this prospectus supplement. Assuming the sale of all shares of our common stock offered under this prospectus supplement
and the accompanying prospectus at $4.47 per share (the last reported sales price per share of our common stock on April 15, 2025), we
estimate that the net proceeds of this offering will be approximately $22,031,500 after deducting the estimated underwriting discount.

The Investment Adviser anticipates
that the investment of the proceeds will be made in accordance with the Fund’s investment objectives and policies as appropriate
investment opportunities are identified, which is expected to substantially be completed within three months; however, changes in market
conditions could result in the Fund’s anticipated investment period extending to as long as six months. This could occur if market
conditions are unstable to such an extent that the Investment Adviser believes market risk is greater than the benefit of making additional
investments at that time. Depending on market conditions and operations, a portion of the cash held by the Fund, including any proceeds
raised from the offering, may be used to pay distributions in accordance with the Fund