Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 26

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 26
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on the preferred stock, redemption, reinvestment and subordination.

Special risks to holders
of the Fund’s subscription rights include risks relating to dilution, market price for subscription rights and the value
of the rights.

Other general risks
include risks related to:

| ● | the Fund’s long term investment horizon, management and dependence on key personnel;                                                                          |
| ● | market risks, market disruptions and geopolitical events, economic events and market events, government intervention in the financial markets, and inflation; |
| ● | the anti-takeover provisions in the Fund’s Governing Documents; and                                                                                           |
| ● | the Fund’s status as a RIC for U.S. federal income tax purposes.                                                                                              |

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Management and Fees

Gabelli Funds, LLC
serves as the Fund’s investment adviser. The Investment Adviser’s fee is computed weekly and paid monthly, equal on
an annual basis to 1.00% of the Fund’s average weekly net assets including the liquidation value of preferred stock. The
fee paid by the Fund may be higher when leverage in the form of preferred stock is utilized, giving the Investment Adviser an incentive
to utilize such leverage. However, the Investment Adviser has agreed to reduce the management fee on the incremental assets attributable
to the currently outstanding Series C Auction Rate Preferred Stock during the fiscal year if the total return of the net asset
value of the common stock of the Fund, including distributions and advisory fees subject to reduction for that year, does not exceed
the stated dividend rate or corresponding swap rate of the Series C Auction Rate Preferred Stock for the period. In other words,
if the effective cost of the leverage for the Series C Auction Rate Preferred Stock exceeds the total return (based on net asset
value) on the Fund’s common stock, the Investment Adviser will reduce that portion of its management fee on the incremental
assets attributable to the Series C Auction Rate Preferred Stock to mitigate the negative impact of that leverage on the common
stockholder’s total return. The Investment Adviser currently intends that the voluntary advisory fee waiver will remain in
effect for as long as the Series C Auction Rate Cumulative Preferred Stock is outstanding. This fee waiver does not apply to any
other series of preferred stock. The Investment Adviser, however, reserves the right to modify or terminate the voluntary advisory
fee waiver at any time. The Fund’s total return on the net asset value of the common stock is monitored on a monthly basis
to assess whether the