Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 59

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 59
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 cash items, U.S. government securities, the securities of other RICs and other securities, with such other securities limited, in respect of any one issuer, to an amount not greater than 5% of the value of the Fund’s total assets and not more than 10% of the outstanding voting securities of such issuer and (b) not more than 25% of the value of the Fund’s total assets is invested in the securities (other than U.S. government securities and the securities of other RICs) of (I) any one issuer, (II) any two or more issuers that the Fund controls and that are determined to be engaged in the same business or similar or related trades or businesses or (III) any one or more Qualified Publicly Traded Partnerships. |

As a RIC, the Fund
generally is not subject to U.S. federal income tax on income and gains that it distributes each taxable year to stockholders,
provided that it distributes at least 90% of the sum of the Fund’s (i) investment company taxable income (which includes,
among other items, dividends, interest, the excess of any net short term capital gain over net long term capital loss, and other
taxable income other than any net capital gain (as defined below) reduced by deductible expenses) determined without regard to
the deduction for dividends paid and (ii) net tax-exempt interest income (the excess of its gross tax-exempt interest income over
certain disallowed deductions), if any. The Fund will be subject to income tax at regular corporate rates on any investment company
taxable income and net capital gain that it does not distribute to its stockholders.

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The Fund may either
distribute or retain for reinvestment all or part of its net capital gain (which consists of the excess of its net long term capital
gain over its net short term capital loss). If any such gain is retained, the Fund will be subject to a corporate income tax on
such retained amount. In that event, the Fund may report the retained amount as undistributed capital gain in a notice to its stockholders,
each of whom (i) will be required to include in income for U.S. federal income tax purposes as long term capital gain its share
of such undistributed amounts, (ii) will be entitled to credit its proportionate share of the tax paid by the Fund against its
U.S. federal income tax liability and