Company: GGT-PG
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001664
Chunk: 29

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-10
Form: N-CSR
Chunk 29
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 the Fund received a one time reimbursement of custody expenses paid in prior years. Had such reimbursement been included in this period, the annualized expense ratios would have been 1.32% attributable to common shares before fees waived, 1.32% attributable to common shares net of advisory fee reduction, 1.13% including liquidation value of preferred shares before fees waived, and 1.13% including liquidation value of preferred shares net of advisory fee reduction. |
| (h) | Ratio of operating expenses to average net assets including liquidation value of preferred shares net of advisory fee reduction for the years ended December 31, 2019, 2018, 2017, 2016, and 2015 would have been 1.25%, 1.15%, 1.23%, 1.27%, and 1.13%, respectively.                                                                                                                                                                                                                                                        |
| (i) | The Fund redeemed and retired all its outstanding Series B Preferred Shares on December 26, 2019.                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (j) | Based on weekly prices.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (k) | Asset coverage per share is calculated by combining all series of preferred shares.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (l) | Actual number of shares outstanding is 10.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (m) | Since February 2008, the weekly auctions have failed. Holders that have submitted orders have not been able to sell any or all of their shares in the auctions.                                                                                                                                                                                                                                                                                                                                                               |
| (n) | Asset coverage is calculated by combining all series of preferred shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

<div align='center'>29</div>

The Gabelli Multimedia Trust Inc.

Additional Fund Information (Continued) (Unaudited)

<div align='center'>CHANGES OCCURRING DURING THE PRIOR FISCAL PERIOD</div>

The following information is a summary of certain changes during the most recent fiscal year ended December 31, 2024. This information may not reflect all of the changes that have occurred since you purchased shares of the Fund.

During the Fund’s most recent fiscal year, there were no material changes to the Fund’s investment objective or policies that have not been approved by stockholders or in the principal risk factors associated with an investment in the Fund.

INVESTMENT OBJECTIVES AND POLICIES

Investment Objectives

The Fund’s primary investment objective is to achieve long-term growth of capital by investing primarily in