Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 54

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 54
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 appraisal rights.
The fair value of the shares as determined for purposes of appraisal rights may not be less than the highest price per share paid
by the acquiror in the control share acquisition.

In connection with
the Fund’s election to be subject to the Control Share Act, the Fund’s Board of Directors amended the Fund’s
bylaws such that the Control Share Act does not apply (a) to shares of any class or series of stock of the Fund other than common
stock, (b) to any acquisition by Mario J. Gabelli, or any affiliates or associates thereof, of shares of stock of the Fund or (c)
to shares of stock of the Fund in a control share acquisition if, prior to the acquisition, the person obtains approval of the
Board of Directors exempting the acquisition from the Control Share Act. In addition, to the extent that any 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