Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 31

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 31
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Risk Factors and Special Considerations</div>

The information contained
under the heading “Additional Fund Information—Risk Factors and Special Considerations” in the Fund’s Annual
Report is incorporated herein by reference.

<div align='center'>- 12 -

How the Fund Manages Risk</div>

The information contained
under the heading “Additional Fund Information—How the Fund Manages Risk” in the Fund’s Annual Report is
incorporated herein by reference.

<div align='center'>- 13 -

Management of the Fund</div>

The information contained
under the heading “Additional Fund Information—Management of the Fund” in the Fund’s Annual Report is incorporated
herein by reference.

<div align='center'>- 14 -

Portfolio Transactions</div>

Principal transactions
are not entered into with affiliates of the Fund. However, G.research an affiliate of the Investment Adviser, may execute portfolio
transactions on stock exchanges and in the over-the-counter markets on an agency basis and receive a stated commission therefrom.
For a more detailed discussion of the Fund’s brokerage allocation practices, see “Portfolio Transactions” in
the SAI.

<div align='center'>- 15 -

Dividends and Distributions</div>

The Fund may retain
for reinvestment, and pay the resulting federal income taxes on, its net capital gain, if any, although the Fund reserves the authority
to distribute its net capital gain in any year. Under the Fund’s current distribution policy, which may be modified at any
time by its Board of Directors, the Fund intends to pay to holders of the Fund’s common stock, 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,