Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 9

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 9
---
 may lose part or all of your investment. Therefore, before investing in our common stock you should consider carefully the risk factors described in the accompanying prospectus in addition to the risk factors described in this prospectus supplement.

Purchase at a Premium to Net Asset Value

Shares of our common stock have in recent times traded at a premium to net asset value per share which may not be sustainable. If our common stock is trading at a premium to net asset value at the time you purchase shares, you will experience an immediate reduction in the intrinsic value of the shares you purchase in comparison with the market price of the shares. Please see “Price Range of Common Stock” on page S-5 for further information about our historical common stock prices and premium or discount to net asset value.

<div align='center'>S-7

RECENT DEVELOPMENTS</div>

Dividends and Distributions

Effective as of April 2025, the Board of Directors of the Fund (the “Board”) determined to begin monthly distributions to the common stockholders of the Fund. The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the SEC, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the 1940 Act and the rules and regulations thereunder. The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions.

The distributions the Fund has paid or declared since April 2025 are as follows:

| Payment Date       |     | Record Date        |     | Distribution per Common Share |
| May 22, 2025*      |     | May 15, 2025       |     |                         $0.14 |
| June 23, 2025      |     | June 13, 2025      |     |                         $0.08 |
| July 24, 2025      |     | June 17, 2025      |     |                         $0.07 |
| August 22, 2025    |     | August 15, 2025    |     |                         $0.07 |
| September 23, 2025 |     | September 16, 2025 |     |                         $0.08 |
| October 24, 2025   |     | October 17, 2025   |     |                         $0.07 |
| November 20, 202