Company: GGT-PG
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001829126-25-007146
Chunk: 23

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 23
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| (b) | Not applicable. |

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Not applicable.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

At its meeting on February 13, 2025, the Board
of Directors (Board) of the Fund approved the continuation of the investment advisory agreement with the Adviser for the Fund on the basis
of the recommendation by the trustees who are not interested persons of the Fund (the Independent Board Members). The following paragraphs
summarize the material information and factors considered by the Independent Board Members as well as their conclusions relative to such
factors.

Nature, Extent and Quality of Services.The
Independent Board Members considered information regarding the portfolio managers, the depth of the analyst pool available to the Adviser
and the portfolio managers, the scope of supervisory, administrative, stockholder and other services supervised or provided by the Adviser,
and the absence of significant service problems reported to the Board. The Independent Board Members noted the experience, length of service,
and reputation of the portfolio managers.

Investment Performance.The Independent Board Members reviewed the performance of the Fund for the one-, three-, five- and ten-year periods ended December
31, 2024 against a peer group of seven other comparable peer funds selected by the Adviser (the “Adviser Peer Group”), and
Closed-end Core, Growth, and Value Equity Funds (the “Lipper Peer Group”). The Independent Board Members noted that the Fund’s
performance was in the first quartile for the one-year period and third quartile for the three-, five-, and ten-year periods for the Adviser
Peer Group and in the second quartile for the one-year period and fourth quartile for the three-, five-, and ten-year periods for the
Lipper Peer Group. The Board Members discussed these comparative results and noted that the Fund’s performance was acceptable, particularly
noting the Fund’s strong performance over the past year in comparison to that of the Adviser Peer Group.

Profitability.The
Independent Board Members reviewed summary data regarding the profitability of the Fund to the Adviser both with an administrative overhead
charge and without such charge. The Board also reviewed materials showing that a portion of the Fund