Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 56

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 56
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 Fund’s Board has determined that the repurchase of shares of common stock in the open market may be
made, from time to time, when such shares are trading at a discount of 5% (or such other percentage as the Board may determine from time
to time) or more from net asset value. Pursuant to this authorization the Fund has repurchased and retired in the open market 1,595,468
shares through December 31, 2023.

Pursuant to the 1940
Act, the Fund may repurchase its stock on a securities exchange (provided that the Fund has informed its stockholders within the
preceding six months of its intention to repurchase such stock), or as otherwise permitted in accordance with Rule 23c-1 under
the 1940 Act. Under Rule 23c-1, certain conditions must be met for such repurchases of its stock regarding, among other things,
distribution of net income for the preceding fiscal year, asset coverage with respect to the Fund’s senior debt and equity
securities, identity of the sellers, price paid, brokerage commissions, prior notice to stockholders of an intention to purchase
stock and repurchasings in a manner and on a basis which does not discriminate unfairly against the other stockholders through
their interest in the Fund. In addition, Rule 23c-1 requires the Fund to file notices of such purchase with the SEC. Any repurchase
of common stock by the Fund will also be subject to the provisions of the Maryland General Corporation Law, which generally requires
that immediately following such repurchase, (i) the total assets of the Fund must be equal to or greater than the sum of the Fund’s
total liabilities plus, in certain instances, the aggregate liquidation preference of its outstanding preferred stock and (ii)
the Fund must be able to pay its debts as they become due in the usual course of business.

When the Fund repurchases
its shares of common stock for a price below its net asset value, the net asset value of the common stock that remains outstanding
will be enhanced. This does not, however, necessarily mean that the market price of the Fund’s remaining outstanding common
stock will be affected, either positively or negatively. Further, interest on any borrowings made to finance the repurchase of
common stock will reduce the net income of the Fund.

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Rights Offering</div>

The Fund may in the
future, and at its discretion, choose