Company: GGT-PG
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002911
Chunk: 16

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 16
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also serves between meetings
of the Board as a liaison with service providers, officers, counsel, and other Directors on a wide variety of matters including scheduling
agenda items for Board meetings. Designation as such does not impose on the Lead Independent Director any obligations or standards greater
than or different from other Directors. The Board has established a Nominating Committee and an Audit Committee to assist the Board in
the oversight of the management and affairs of the Fund. The Board also has an ad hocProxy Voting Committee that exercises beneficial
ownership responsibilities on behalf of the Fund in selected situations. From time to time, the Board establishes additional committees
or informal working groups, such as an ad hocPricing Committee related to securities offerings by the Fund, to address specific
matters, or assigns one of its members to work with directors or trustees of other funds in the Fund Complex on special committees or
working groups that address fund complex-wide matters, such as the multi-fund ad hocCompensation Committee relating to the compensation
of the Chief Compliance Officer for all the funds in the Fund Complex and a separate multi-fund ad hocCompensation Committee
relating to the compensation of certain other officers of the closed-end funds in the Fund Complex.

All of
the Fund’s Directors, other than Messrs. Mario J. Gabelli and Christopher J. Marangi, are Independent Directors, and the Board
believes it is able to provide effective oversight of the Fund’s service providers. In addition to providing feedback and direction
during Board meetings, the Independent Directors meet regularly in executive session and chair all committees of the Board.

The Fund’s
operations entail a variety of risks, including investment, administration, valuation, and a range of compliance matters. Although the
Adviser, the sub-administrator, and the officers of the Fund are responsible for managing these risks on a day-to-day basis within the
framework of their established risk management functions, the Board also addresses risk management of the Fund through its meetings and
those of the committees and working groups. As part of its general oversight, the Board reviews with the Adviser at Board meetings the
levels and types of risks, including options risk being undertaken by the Fund, and the Audit Committee discusses the Fund’s risk
management and controls with the independent registered public accounting firm engaged by the Fund. The Board reviews valuation policies
and procedures and the valuations of specific illiquid securities. The Board also receives periodic reports from the Fund’s Chief
Compliance Officer regarding compliance matters relating to the