Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 23

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 23
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 realize a predictable, but not assured, level of cash flow and some liquidity periodically
on their investment without having to sell shares, the Fund has adopted a managed distribution policy, which may be changed at
any time by the Board, of paying a minimum annual distribution of 10% of the average net asset value of the Fund to common stockholders.
In the event the Fund does not generate a total return from dividends and interest received and net realized capital gains in an
amount equal to or in excess of its stated distribution in a given year, the Fund may return capital as part of such distribution,
which may have the effect of decreasing the asset coverage per share with respect to the Fund’s preferred stock. Distributions
on the Fund’s common stock may contain a return of capital. Any return of capital should not be considered by investors as
yield or total return on their investment in the Fund. Distributions sourced from return of capital should not be considered as
dividend yield or the total return from an investment in the Fund. Stockholders who periodically receive the payment of a dividend
or other distribution consisting of a return of capital may be under the impression that they are receiving net profits when they
are not. Stockholders should not assume that the source of a distribution from the Fund is net profit. The composition of each
distribution is estimated based on the 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.

For the fiscal year
ended December 31, 2023, the Fund made distributions of $0.88 per share of common stock, all of which was deemed a return
of capital. The composition of each distribution is estimated based on the 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