Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 28

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 28
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 the Fund in accordance with
Section 3-702(c)(4) of the Maryland General Corporation Law (the “MGCL”), to be subject to the Maryland Control
Share Acquisition Act (the “Control Share Act”). The Control Share Act only applies to acquisitions of Fund shares
on or after February 16, 2023. The Control Share Act provides for a series of voting power thresholds above which shares are
considered control shares. Once a threshold is reached, an acquirer has no voting rights under the Control Share Act with respect
to shares acquired in excess of that threshold (i.e., the “control shares”) unless approved by stockholders of the
Fund. Approval by the stockholders requires the affirmative vote of two-thirds of all votes entitled to be cast on the matter,
excluding shares held by the acquirer and its associates as well as shares held by certain insiders of the Fund. Further approval
by the Fund’s stockholders would be required with respect to additional acquisitions of control shares above the next applicable
threshold level. The Board is permitted, but not obligated to, exempt specific acquisitions or classes of acquisitions of control
shares.

The foregoing is only
a summary of the material terms of the Control Share Act. Stockholders should consult their own counsel with respect to the application
of the Control Share Act to any particular circumstance. Some uncertainty around the general application under the 1940 Act of
state control share statutes exists as a result of recent court decisions which have held that control share acquisition provisions
in funds’ governing documents are not consistent with the 1940 Act. Additionally, in some circumstances uncertainty may also
exist in how to enforce the control share restrictions contained in state control share statutes against beneficial owners who
hold their shares through financial intermediaries.

The overall effect
of these provisions and other provisions applicable to principal stockholders of the Fund, if any, may render more difficult the
accomplishment of a merger with, or the assumption of control by, a principal stockholder. These provisions may have the effect
of depriving Fund stockholders of an opportunity to sell their stock at a premium to the prevailing market price. See “Certain
Provisions of the Fund’s Governing Documents and Maryland Law.”

Custodian

State Street Bank and
Trust Company (the “Custodian”), located at One Lincoln Street, Boston, Massachusetts 02111, serves as the custodian
of the Fund’s assets pursuant to a custody agreement. Under the custody agreement, the Custodian holds the