Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 51

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 51
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 entitled to cast two-thirds of the votes entitled to be cast generally in the election of Directors; and |

| ● | vest in the Board the sole power to fill any vacancies on the Board, with any Director so elected to serve for the balance of the unexpired term rather than only until the next annual meeting of stockholders. |

The Governing Documents
of the Fund presently: (i) provide for a classified board; (ii) require holders of not less than a majority of the votes entitled
to be cast to call a special meeting of stockholders; and (iii) provide that the Board shall fix the number of Fund Directors.
On November 22, 2010, in accordance with Maryland law, the Fund’s Board elected by resolution and approved Articles
Supplementary to vest in the Board the sole power to fill any vacancies on the Board, with any Director so elected to serve for
the full term of the directorship in which the vacancy occurred and until his or her successor is duly elected and qualifies.

Under the MGCL, if
the directors have been divided into classes, unless the charter provides otherwise (which the Charter does not), a director may
be removed only for cause by the affirmative vote of a majority of all the votes entitled to be cast generally for the election
of directors. The Board could elect in the future to be subject to the provision of Maryland law that would increase the vote required
to remove a Director to two-thirds of all the votes entitled to be cast.

The Fund’s Bylaws
provide that, with respect to an annual meeting of stockholders, nominations or persons for election to the Board of Directors
and the proposal of business to be considered by stockholders may be made only (1) pursuant to the Fund’s notice of meeting,
(2) by or at the direction of the Board of Directors or (3) by a stockholder who was a stockholder of record at the record date
for the meeting, at the time of providing notice required by the Fund’s Bylaws and at the time of the meeting, who is entitled
to vote at the meeting and who has complied with the advance notice procedures of the Bylaws. With respect to special meetings
of stockholders, only the business specified in the Fund’s notice of the meeting may be brought before the meeting. Nominations
of persons for election to the Board of Directors at a special meeting may be made only (1) by or at the direction of the Board
of Directors or (2) provided