Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 24

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 24
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 outstanding. In addition, in such circumstances the Fund will be prohibited from
paying any sister distributions on its preferred stock unless the value of its total assets, less certain ordinary course liabilities,
exceed 200% of the amount of debt outstanding. See “Dividends and Distributions.”

Use of Proceeds

Unless otherwise specified
in a prospectus supplement, the Fund will invest the net proceeds of any offering in accordance with the Fund’s investment
objectives and policies, and may use a portion of such proceeds, depending on market conditions, for other general corporate purposes,
including the continuation of the Fund’s managed distribution policy. The Investment Adviser anticipates that investment
of the proceeds will be made in accordance with the Fund’s investment objectives and policies as appropriate investment opportunities
are identified, which is expected to be substantially completed in approximately three months; however, the identification of appropriate
investment opportunities pursuant to the Investment Adviser’s investment style or changes in market conditions may cause
the investment period to extend as long as six months. The Fund may also use net proceeds to redeem existing series of Preferred
Stock. Pending such investment, the proceeds will be held in high quality short-term debt securities and instruments. See “Use
of Proceeds.”

Exchange Listing

The Fund’s common
stock is listed on the NYSE, under the trading or “ticker” symbol “GGT.” Currently, the Series E Preferred
and Series G Preferred are listed on the NYSE under the symbol “GGT PrE” and “GGT PrG” respectively. The
Series C Auction Rate Preferred is not listed on a stock exchange. Any additional series of fixed rate preferred stock would also
likely be listed on a stock exchange. See “Description of Capital Stock.”

Market Price 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