Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 49

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 49
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 management. |

These provisions of
the Governing Documents of the Fund may be regarded as “anti-takeover” provisions. The Board is divided into three
classes, each having a term of three years. Each year the term of one class of Directors will expire. Each Director serves until
the third annual meeting following his or her election and until his or her successor is elected and qualified. Accordingly, only
those Directors in one class may be changed in any one year, and it would require two years to change a majority of the Board.
The affirmative vote of a majority of the votes entitled to be cast in the election of directors is required to elect a Director.
A classified Board may have the effect of maintaining the continuity of management and, thus, make it more difficult for the stockholders
of the Fund to change the majority of Directors. A Director of the Fund may be removed only for cause by a vote of a majority of
the votes entitled to be cast for the election of Directors of the Fund. In addition, the affirmative vote of the holders of 66
2/3% of each class of the outstanding voting shares of the Fund, voting as separate classes, is generally required to authorize
any of the following transactions:

| ● | merger or consolidation of the Fund with or into any other entity; |

| ● | issuance of any securities of the Fund to any person or entity for cash; |

| ● | sale, lease or exchange of all or any substantial part of the assets of the Fund to any entity or person (except assets generally having an aggregate fair market value of less than $1,000,000); or |

| ● | sale, lease, or exchange to the Fund, in exchange for securities of the Fund, of any assets of any entity or person (except assets generally having an aggregate fair market value of less than $1,000,000); |

if such corporation,
person or entity is directly, or indirectly through affiliates, the beneficial owner of more than 5% of the outstanding shares
of the Fund. However, such vote would not be required when, under certain circumstances, the Board approves the transaction or
when each class of voting securities of the corporation that is the other party to any of the above listed transactions is (directly
or indirectly) majority owned by the Fund.

In addition to the
foregoing, the Charter provides that the affirmative vote of the holders of 66 2/3% of each class of the outstanding voting shares
of the Fund