Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 57

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 57
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 Fund must be equal to or greater than the sum of the Fund’s
total liabilities plus, in certain instances, the aggregate liquidation preference of its outstanding preferred stock and (ii)
the Fund must be able to pay its debts as they become due in the usual course of business.

When the Fund repurchases
its shares of common stock for a price below its net asset value, the net asset value of the common stock that remains outstanding
will be enhanced. This does not, however, necessarily mean that the market price of the Fund’s remaining outstanding common
stock will be affected, either positively or negatively. Further, interest on any borrowings made to finance the repurchase of
common stock will reduce the net income of the Fund.

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Rights Offering</div>

The Fund may in the
future, and at its discretion, choose to make offerings of subscription rights to purchase its common stock or preferred stock.
Any such future rights offering will be made in accordance with the 1940 Act. Under the laws of Maryland, the Board is authorized
to approve rights offerings without obtaining stockholder approval. The staff of the SEC has interpreted the 1940 Act as not requiring
stockholder approval of a transferable rights offering at a price below the then current net asset value so long as certain conditions
are met, including: (i) a good faith determination by a fund’s Board that such offering would result in a net benefit to
existing stockholders; (ii) the offering fully protects stockholders’ preemptive rights and does not discriminate among stockholders
(except for the possible effect of not offering fractional rights); (iii) management uses its best efforts to ensure an adequate
trading market in the rights for use by stockholders who do not exercise such rights; and (iv) the ratio of a transferable rights
offering does not exceed one new share for each three rights held.

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Net Asset Value</div>

The information contained
under the heading “Additional Fund Information—Net Asset Value” in the Fund’s Annual Report is incorporated
herein by reference.

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Taxation</div>

The following discussion
is a brief summary of certain U.S. federal income tax considerations affecting the Fund and its common and preferred stockholders.
A more complete discussion of the tax rules applicable to the Fund and its stockholders can be found in the SAI that is incorporated
by reference into this Prospect