Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 51

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 51
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 Securities Exchange Act of 1934 (the “1934 Act”) and have at least three outside directors,
such as the Fund, may by board resolution or by provision in its charter or bylaws elect to become subject to certain corporate
governance provisions set forth in the MGCL, even if such provisions are inconsistent with the corporation’s charter and
bylaws. Accordingly, notwithstanding its Governing Documents, under Maryland law, the Fund’s Board may elect to:

| ● | self-classify; |

| ● | require that special meetings of stockholders be called only at the request of stockholders entitled to cast at least a majority of the votes entitled to be cast at such meeting; |

| ● | provide that the number of Directors shall be fixed by only the Board; |

| ● | provide that Directors are subject to removal only by the vote of the stockholders 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