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

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 25
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 of Shares

Shares of common stock
of closed-end investment companies often trade on an exchange at prices lower than their net asset value. Shares of common stock
of closed-end investment companies may trade during some periods at prices higher than their net asset value and during other periods
at prices lower than their net asset value. The Fund cannot assure you that its common stock will trade at a price higher than
or equal to net asset value. The Fund’s net asset value will be reduced immediately following this offering by the sales
load and the amount of the offering expenses paid by the Fund. See “Use of Proceeds.”

In addition to net
asset value, the market price of the Fund’s common stock may be affected by such factors as the Fund’s dividend and
distribution levels (which are affected by expenses) and stability, market liquidity, market supply and demand, unrealized gains,
general market and economic conditions, and other factors. See “Risk Factors and Special Considerations,” “Description
of Capital Stock,” “Repurchase of Common Stock” and “Additional Fund Information—Risk Factors and
Special Considerations” in the Annual Report.

The common stock is
designed primarily for long term investors, and you should not purchase shares of common stock of the Fund if you intend to sell
them shortly after purchase.

Fixed rate preferred
stock may also trade at premiums to or discounts from their liquidation preference for a variety of reasons, including changes
in interest rates.

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Risk Factors and Special Considerations

Risk is inherent in
all investing and you could lose all or any portion of the amount you invest in our securities. Therefore, before investing in
our securities, you should consider the risks described in this Prospectus, the Fund’s Annual Report and any Prospectus Supplement
carefully. The following is only a summary of certain risks of investing in the Fund described in more detail in the Fund’s
Annual Report and elsewhere in this Prospectus and any applicable Prospectus Supplement. Before you invest, you should read the
full summary of the risks of investing in the Fund, beginning on page 12 of this Prospectus under the heading “Risk Factors
and Special Considerations,” in any accompanying Prospectus Supplement, and under the heading “Additional Fund Information—Risk
Factors and Special Considerations” in the Annual Report.

Risks related to the
Fund’s portfolio investments include risks related to:

| ● | the Fund’s concentration in the telecommunications, media, publishing