Company: GGT-PG
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002911
Chunk: 29

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 29
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 to request a separate copy of these documents or regarding how to request a single
copy if multiple copies of these documents are received, stockholders should contact the Fund at the address and phone number set forth
above.

Maryland Control Share Acquisition Act

On February
16, 2023, the Fund elected, by resolution unanimously adopted by the Board of Directors of the Fund in accordance with Section 3-702(c)(4)
of the MGCL, to be subject to the Maryland Control Share Acquisition Act (the “Control Share Act”), effective immediately.
The Control Share Act only applies to acquisitions of Fund shares on or after February 16, 2023.

Under
the MGCL, the Control Share Act provides that a holder of control shares of a Maryland corporation acquired in a control share acquisition
has no voting rights with respect to those shares except to the extent approved by a vote of two-thirds of the votes entitled to be cast
on the matter. 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

| 18 |

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