Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 42

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 42
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, if such redemption had occurred immediately prior to the opening of business on the applicable cure date,
would have resulted in the relevant asset coverage requirement having been met or, if the required asset coverage cannot be so
restored, all of the preferred stock. In the event that preferred stock is redeemed due to a failure to satisfy the 1940 Act asset
coverage requirements, the Fund may, but is not required to, redeem a sufficient number of preferred stock so that the Fund’s
assets exceed the asset coverage requirements under the 1940 Act after the redemption by 10% (that is, 210% asset coverage) or
some other amount specified in the Articles Supplementary. In the event that preferred stock is redeemed due to a failure to satisfy
applicable rating agency guidelines, the Fund may, but is not required to, redeem a sufficient number of preferred stock so 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