Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 54

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 54
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 provision of the Control
Share Act are determined to be inconsistent with the 1940 Act, then any such provision shall not apply.

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In connection with
electing to be subject to the Control Share Act, the Board of Directors of the Fund determined that such election and the implementation
thereof in the Fund’s bylaws as described above is in the best interests of the Fund and its stockholders. The Fund should
not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors.

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 limitations of
the Control Share Act described above could have the effect of depriving stockholders of an opportunity to sell their shares at
a premium over prevailing market prices by discouraging a third party from seeking to obtain control over the Fund and may reduce
market demand for the Fund’s common stock, which could have the effect of increasing the likelihood that the Fund’s
common stock trade at a discount to net asset value and increasing the amount of any such discount.

The provisions of the
Governing Documents and Maryland law described above could have the effect of depriving the owners of stock in the Fund of opportunities
to sell their shares at a premium over prevailing market prices by discouraging a third party from seeking to obtain control of
the Fund in a tender offer or similar transaction. The overall effect of these provisions may render more difficult the accomplishment
of a merger or the assumption of control by a principal stockholder.

The Governing Documents
of the Fund are on file with the SEC.

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Closed-End Fund Structure</div>

The
Fund is registered as a non-diversified, closed-end management investment company (commonly referred to as a closed-end fund). Closed-end
funds differ from open-end funds (which are generally referred to as mutual funds