Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 53

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 53
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 the thresholds of voting power set forth above. Control shares do
not include shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval.
A control share acquisition means the acquisition of issued and outstanding control shares, subject to certain exceptions.

A person who has made
or proposes to make a control share acquisition may compel the board of directors of the corporation to call a special meeting
of stockholders to be held within 50 days of demand to consider the voting rights of the shares. The right to compel the calling
of a special meeting is subject to the satisfaction of certain conditions, including an undertaking to pay the expenses of the
meeting. If no request for a meeting is made, the corporation may itself present the question at any stockholders meeting.

If voting rights are
not approved at the meeting or if the acquiring person does not deliver an acquiring person statement as required by the statute,
then the corporation may redeem for fair value any or all of the control shares, except those for which voting rights have previously
been approved. The right of the corporation to redeem control shares is subject to certain conditions and limitations, including,
compliance with the 1940 Act. Fair value is determined, without regard to the absence of voting rights for the control shares,
as of the date of the last control share acquisition by the acquiror or of any meeting of stockholders at which the voting rights
of the shares are considered and not approved. If voting rights for control shares are approved at a stockholders meeting and the
acquiror becomes entitled to vote a majority of the shares entitled to vote, all other stockholders may exercise appraisal rights.
The fair value of the shares as determined for purposes of appraisal rights may not be less than the highest price per share paid
by the acquiror in the control share acquisition.

In connection with
the Fund’s election to be subject to the Control Share Act, the Fund’s Board of Directors amended the Fund’s
bylaws such that the Control Share Act does not apply (a) to shares of any class or series of stock of the Fund other than common
stock, (b) to any acquisition by Mario J. Gabelli, or any affiliates or associates thereof, of shares of stock of the Fund or (c)
to shares of stock of the Fund in a control share acquisition if, prior to the acquisition, the person obtains approval of the
Board of Directors exempting the acquisition from the Control Share Act. In addition, to the extent that any