Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 24

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 24
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 earnings of the Fund as of the record date for each
distribution. The actual composition of each of the current year’s distributions will be based on the Fund’s investment
activity through the end of the calendar year.

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Limitations on Distributions.
If at any time the Fund has borrowings outstanding, the Fund will be prohibited from paying any distributions on any of its common
stock (other than in additional stock), and from repurchasing any of its common stock or preferred stock, unless, the value of
its total assets, less certain ordinary course liabilities, exceed 300% of the amount of the debt outstanding and exceed 200% of
the sum of the amount of debt and preferred stock outstanding. In addition, in such circumstances the Fund will be prohibited from
paying any sister distributions on its preferred stock unless the value of its total assets, less certain ordinary course liabilities,
exceed 200% of the amount of debt outstanding. See “Dividends and Distributions.”

Use of Proceeds

Unless otherwise specified
in a prospectus supplement, the Fund will invest the net proceeds of any offering in accordance with the Fund’s investment
objectives and policies, and may use a portion of such proceeds, depending on market conditions, for other general corporate purposes,
including the continuation of the Fund’s managed distribution policy. The Investment Adviser anticipates that 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 be substantially completed in approximately three months; however, the identification of appropriate
investment opportunities pursuant to the Investment Adviser’s investment style or changes in market conditions may cause
the investment period to extend as long as six months. The Fund may also use net proceeds to redeem existing series of Preferred
Stock. Pending such investment, the proceeds will be held in high quality short-term debt securities and instruments. See “Use
of Proceeds.”

Exchange Listing

The Fund’s common
stock is listed on the NYSE, under the trading or “ticker” symbol “GGT.” Currently, the Series E Preferred
and Series G Preferred are listed on the NYSE under the symbol “GGT PrE” and “GGT PrG” respectively. The
Series C Auction Rate Preferred is not listed on a stock exchange. Any additional series of fixed rate preferred stock would also
likely be listed on a stock exchange. See “Description of Capital Stock.”

Market Price