Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 26

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 26
---
, and entertainment industries;                                                     |
| ● | investing in securities of foreign and emerging market issuers;                                                                                          |
| ● | investing in equity securities, convertible securities, and non-investment grade securities (commonly known as “high-yield securities” or “junk bonds”); |
| ● | lending of portfolio securities;                                                                                                                         |
| ● | use of financial leverage; and                                                                                                                           |
| ● | derivative transactions.                                                                                                                                 |

Special risks to investors
in the Fund’s common stock include risks relating to the Fund’s common stock distribution policy, dividends and use
of leverage, the common stock’s market price and liquidity, dilution and portfolio turnover.

Special risks to investors
in the Fund’s preferred stock include risks relating to the preferred stock’s market price and liquidity, distributions
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.                                                                                              |

<div align='center'>- 5 -</div>

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