Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 0

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 0
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Filed Pursuant to Rule 424(b)(2)

Registration Statement No. 333-277213

PROSPECTUS SUPPLEMENT

(To Prospectus dated April 19, 2024)

<div align='center'>THE GABELLI MULTIMEDIA TRUST INC.

Up to 5,000,000 Shares of Common Stock</div>

The Gabelli Multimedia Trust
Inc. (the “Fund,” “we,” or “our”) has entered into a sales agreement with G.research, LLC (the “Sales
Manager”), dated April 17, 2025, relating to the shares of common stock, par value $0.001 per share, (“common stock”)
offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the sales agreement, we may offer
and sell up to 5,000,000 shares of our common stock from time to time through the Sales Manager, as our agent for the offer and sale of
the common stock. Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund may not sell any shares
of common stock at a price below the current net asset value per share of such common stock, exclusive of any distributing commission
or discount. The Fund is a non-diversified, closed-end management investment company registered under the 1940 Act. Although the Fund
is registered as a non-diversified fund, it has operated as a diversified fund for over three years. Therefore, the 1940 Act obliges the
Fund to continue to operate as a diversified fund unless the Fund obtains stockholder approval to operate as a non-diversified fund. The
Fund’s primary investment objective is long-term growth of capital, primarily through investment in a portfolio of common stock
and other securities of foreign and domestic companies involved in the telecommunications, media, publishing, and entertainment industries.
Income is a secondary objective of the Fund. The Fund’s investment adviser is Gabelli Funds, LLC (the “Investment Adviser”).
An investment in the Fund is not appropriate for all investors. We cannot assure you that the Fund’s objectives will be achieved.

Our common stock is listed
on the New York Stock Exchange (the “NYSE”) under the symbol “GGT.” As of April 15, 2025, the last reported sale
price for our common stock on the NYSE was $4.47 per share. As of April 15, 2025,