Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 18

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 18
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 “Risk Factors and Special Considerations” beginning on page 12 and in the Annual Report, the applicable Prospectus Supplement and the Statement of Additional Information, dated April 19, 2024 (the “SAI”).

The Fund

The
Gabelli Multimedia Trust Inc. is registered as a non-diversified, closed-end management investment company organized as a Maryland corporation
on March 31, 1994. Throughout this Prospectus, we refer to The Gabelli Multimedia Trust Inc. as the “Fund,” or as “we.”
Although the Fund is registered as a non-diversified fund, it has operated as a diversified fund for over three years. Therefore, the
1940 Act obliges the Fund to continue to operate as a diversified fund unless the Fund obtains stockholder approval to operate as a non-diversified
fund. See “The Fund.”

The Offering

We may offer, from
time to time, in one or more offerings, our common or preferred stock, $0.001 par value per share. The shares may be offered at
prices and on terms to be set forth in one or more supplements to this Prospectus (each a “Prospectus Supplement”).
We may also offer subscription rights to purchase our common or preferred stock. The offering price per share of our common stock
will not be less than the net asset value per share of our common stock at the time we make the offering, exclusive of any underwriting
commissions or discounts, provided that transferable rights offerings that meet certain conditions may be offered at a price below
the then current net asset value. See “Rights Offerings.” You should read this Prospectus and the applicable Prospectus
Supplement carefully before you invest in our shares. Our shares may be offered directly to one or more purchasers, through agents
designated from time to time by us, or to or through underwriters, or dealers. The Prospectus Supplement relating to the offering
will identify any agents, underwriters, or dealers involved in the sale of our shares, and will set forth any applicable purchase
price, fee, commission or discount arrangement between us and our agents or underwriters, or among our underwriters, or the basis
upon which such amount may be calculated. The Prospectus Supplement relating to any sale of preferred stock will set forth the
liquidation preference and information about the dividend period, dividend rate, any call protection or non-call period and other
matters. We may not sell any of our shares through