Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 40

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 40
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 and December of each year, an “asset coverage” (as defined in the 1940
Act) of at least 200% (or such higher or lower percentage as may be required at the time under the 1940 Act) with respect to all
outstanding senior securities of the Fund that are debt or stock, including any outstanding preferred stock. If the Fund fails
to maintain the asset coverage required under the 1940 Act on such dates and such failure is not cured by a specific time (generally
within 10 business days), the Fund may, and in certain circumstances will be required to, mandatorily redeem preferred stock sufficient
to satisfy such asset coverage. See “—Redemption Procedures” below.

Distributions.
Holders of any fixed rate preferred stock are or will be entitled to receive, out of funds legally available therefore, cumulative
cash distributions, at an annual rate set forth in the applicable Articles Supplementary or Prospectus Supplement, payable with
such frequency as set forth in the applicable Articles Supplementary or Prospectus Supplement. Such distributions accumulate from
the date on which such shares are issued.

For auction rate preferred
stock, each such series of preferred stock pays distributions based on a rate set at an auction, normally held weekly, but not
in excess of a maximum rate. Dividend periods generally are seven days, and the dividend periods generally begin on the first business
day after an auction. In most instances, distributions are also paid weekly, on the business day following the end of the dividend
period. The Fund, subject to some limitations, may change the length of the dividend periods, designating them as “special
dividend periods.”

Restrictions on Dividends and Other Distributions for the Preferred Stock.So long as any preferred stock is outstanding, the Fund may not
pay any dividend or distribution (other than a dividend or distribution paid in common stock or in options, warrants, or rights
to subscribe for or purchase common stock) in respect of the common stock or call for redemption, redeem, purchase or otherwise
acquire for consideration any common stock (except by conversion into or exchange for shares of the Fund ranking junior to the
preferred stock as to the payment of dividends or distributions and the distribution of assets upon liquidation), unless:

| ● | the Fund has declared and paid (or provided to the relevant dividend paying agent) all cumulative distributions on the Fund’s outstanding preferred stock due on or prior to the date of such common stock dividend or distribution; |

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