Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 42

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 42
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 that
the Fund’s discounted portfolio value (as determined in accordance with the applicable rating agency guidelines) after redemption
exceeds the asset coverage requirements of each applicable rating agency by up to 10% (that is, 110% rating agency asset coverage)
or some other amount specified in the Articles Supplementary.

If the Fund does not
have funds legally available for the redemption of, or is otherwise unable to redeem, all the preferred stock to be redeemed on
any redemption date, the Fund will redeem on such redemption date that number of shares for which it has legally available funds,
or is otherwise able to redeem, from the holders whose shares are to be redeemed ratably on the basis of the redemption price of
such shares, and the remainder of those shares to be redeemed will be redeemed on the earliest practicable date on which the Fund
will have funds legally available for the redemption of, or is otherwise able to redeem, such shares upon written notice of redemption.

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If fewer than all of
the Fund’s outstanding preferred stock are to be redeemed, the Fund, at its discretion and subject to the limitations of
the Governing Documents, the 1940 Act, and applicable law, will select the one or more series of preferred from which shares will
be redeemed and the amount of preferred to be redeemed from each such series. If fewer than all shares of a series of preferred
are to be redeemed, such redemption will be made as among the holders of that series pro rata in accordance with the respective
number of shares of such series held by each such holder on the record date for such redemption (or by such other equitable method
as the Fund may determine). If fewer than all preferred stock held by any holder are to be redeemed, the notice of redemption mailed
to such holder will specify the number of shares to be redeemed from such holder, which may be expressed as a percentage of shares
held on the applicable record date.

Optional Redemption.
Fixed rate preferred stock is not subject to optional redemption by the Fund until the date, if any, specified in the applicable
Prospectus or Prospectus Supplement, unless such redemption is necessary, in the judgment of the Fund, to maintain the Fund’s
status as a RIC under the Code. Commencing on such date and thereafter, the Fund may at any time redeem such fixed rate preferred
stock in whole or in part for cash at a redemption price per share equal to the liquidation preference per share