Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 27

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 27
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 total return on the net asset value of the common stock exceeds the stated dividend rate or corresponding
swap rate of each particular series of preferred stock for the period.

The test to confirm
the accrual of the management fee on the assets attributable to each particular series of preferred stock is annual. The Fund will
accrue for the management fee on these assets during the fiscal year if it appears probable that the Fund will incur the management
fee on those additional assets. See “Management of the Fund.”

For the year ended
December 31, 2023, the Fund’s total return on the net asset value of the common stock exceeded the stated dividend rate
of the outstanding Series C Auction Rate Preferred Stock. Thus, management fees with respect to these assets were earned.

A discussion regarding
the basis for the Board’s approval of the continuation of the investment advisory contract of the Fund is available in the
Fund’s semiannual report to stockholders for the six months ended June 30, 2023.

Repurchase of Common Stock

The Board has authorized
the Fund to repurchase shares of its common stock on the open market when the shares are trading at a discount of 5% or more (or
such other percentage as the Board may determine from time to time) from the net asset value of the shares. Although the Fund’s
Board has authorized such repurchases, the Fund is not required to repurchase its common stock. In total through December 31,
2023, the Fund repurchased 1,595,468 shares. Such repurchases are subject to certain notice and other requirements under the 1940
Act. See “Repurchase of Common Stock.”

Anti-Takeover Provisions

Certain provisions
of Maryland law and of the Fund’s charter (the “Charter”) and the Bylaws of the Fund, as amended from time to
time (the “Bylaws” and, together with the Charter, the “Governing Documents”), may be regarded as “anti-takeover”
provisions. Pursuant to these provisions, only one of the three classes of Directors is elected each year, and the affirmative
vote or consent of the holders of 66 2/3% of the Fund’s outstanding shares of each class (voting separately) is required
to authorize the conversion of the Fund from a closed-end to an open-end investment company.

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The Fund is organized
as a Maryland corporation and elected, by resolution unanimously adopted by the Board of Directors of