Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 32

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 32
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, a minimum annual distribution
of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution
requirements of the Code, whichever is greater. Distributions on the Fund’s common stock may contain a return of capital.
The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar
quarters during the year. Distributions of net investment income generally are taxable to stockholders as ordinary income dividends.
If, for any calendar year, the total distributions exceed net investment income and net capital gain, the excess will generally
be treated as a tax-free return of capital up to the amount of a stockholder’s tax basis in the stock. The amount treated
as a tax-free return of capital will reduce a stockholder’s tax basis in the stock, thereby increasing such stockholder’s
potential taxable gain or reducing his or her potential taxable loss on the sale of the stock. The return of capital is not a dividend
or capital gain and may reduce your investment in the Fund. Any amounts distributed to a stockholder in excess of the basis of
the stock will be taxable to the stockholder as capital gain. The Fund distributed a return of capital in 2023. See “Taxation.”

In the event the Fund
distributes amounts in excess of its net investment income and net capital gain, such distributions will decrease the Fund’s
total assets and, therefore, have the likely effect of increasing the Fund’s expense ratio. In addition, in order to make
distributions, the Fund might have to sell a portion of its investment portfolio at a time when independent investment judgment
might not dictate such action.

The Fund, along with
other registered investment companies advised by the Investment Adviser, has obtained an exemption from Section 19(b) of the
1940 Act and Rule 19b-1 thereunder permitting the Fund to make periodic distributions of long-term capital gains provided
that any distribution policy of the Fund with respect to its common stock calls for periodic (e.g., quarterly or semiannually,
but in no event more frequently than monthly) distributions in an amount equal to a fixed percentage of the Fund’s average
net asset value over a specified period of time or market price per share of common stock at or about the time of distribution
or payment of a fixed dollar amount. The exemption also permits the Fund to make distributions with respect to its preferred stock
in accordance with such stock