Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 22

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 22
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 be declared or paid on any series of preferred stock of the Fund for any
dividend period, or part thereof, unless full cumulative dividends and distributions due through the most recent dividend payment
dates for all series of outstanding preferred stock of the Fund are declared and paid. If full cumulative distributions due have
not been declared and made on all outstanding preferred stock of the Fund, any distributions on such preferred stock will be made
as nearly pro rata as possible in proportion to the respective amounts of distributions accumulated but unmade on each such series
of preferred stock on the relevant dividend payment date.

In the event that for
any calendar year the total distributions on shares of the Fund’s preferred stock exceed the Fund’s current and accumulated
earnings and profits allocable to such shares, the excess distributions will generally be treated as a tax-free return of capital
(to the extent of the stockholder’s tax basis in the shares). Stockholders should not assume that the source of a distribution
from the Fund is net profit. Distributions sourced from paid-in capital should not be considered the current yield or the total
return from an investment in the Fund. The amount treated as a tax-free return of capital will reduce a stockholder’s adjusted
tax basis in the preferred stock, thereby increasing the stockholder’s potential taxable gain or reducing the potential loss
on the sale of the shares.

The distributions to
the Fund’s preferred stockholders for the fiscal year ended December 31, 2023, were comprised of net investment income
and return of capital. The Fund did not make return of capital distributions to preferred stockholders in 2010-2021. The Fund made
return of capital distributions to preferred stockholders in 2022.

Fixed Rate Preferred Stock. Distributions on Fixed Rate Preferred Stock, at the applicable annual rate of the per share liquidation preference,
are cumulative from the original issue date and are payable, when, as and if authorized by the Board and declared by the Fund,
out of funds legally available therefor.

Auction Rate Preferred Stock. The holders of Auction Rate Preferred Stock are entitled to receive cash distributions, stated at annual rates of the
applicable per share liquidation preference, that vary from dividend period to dividend period. Dividend rates for the Series C
Auction Rate Preferred are cumulative at a rate that may be reset every seven days based on the results of an auction, or not in
excess of a maximum rate.

Common Stock Distributions.
In order to allow its common stockholders to