Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 36

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 36
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 Fund (whether voluntary or involuntary), holders of the Fund’s preferred
stock will be entitled to receive out of the assets of the Fund available for distribution to stockholders (after payment of claims
of the Fund’s creditors but before any distributions with respect to the Fund’s common stock or any other class of
capital stock of the Fund ranking junior to the preferred stock as to liquidation payments) an amount per share equal to such share’s
liquidation preference plus any accumulated but unpaid distributions (whether or not earned or declared, excluding interest thereon)
to the date of distribution, and such stockholders shall be entitled to no further participation in any distribution or payment
in connection with such liquidation. Each series of preferred stock ranks on a parity with any other series of preferred stock
of the Fund as to the payment of distributions and the distribution of assets upon liquidation, and is junior to the Fund’s
obligations with respect to any outstanding senior securities representing debt. The preferred stock carries one vote per share
on all matters on which the common stock is entitled to vote and have additional voting rights pursuant to the 1940 Act and the
Charter. The shares of preferred stock are fully paid, non-assessable and have no preemptive, exchange, or conversion rights.

Auction Risk.
Auction rate preferred share auctions may be unable to hold successful auctions and holders of such stock may suffer reduced liquidity.
If the number of auction rate preferred stock subject to bid orders by potential holders is less than the number of auction rate
preferred stock subject to sell orders, then the auction is considered to be a failed auction, and the dividend rate will be the
maximum rate. In that event, holders that have submitted sell orders may not be able to sell any or all of the auction rate preferred
stock for which they have submitted sell orders. At present, the maximum rate for Series C Auction Rate Preferred is currently
175% of the “AA” Financial Composite Commercial Paper Rate on the day of such auction. Failed auctions have been an
industry wide problem in the past and may occur in the future. Any current or potential holder of auction rate preferred stock
faces the risk that an auction will fail and that he or she may not be able to sell his or her stock through the auction process.

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Redemption, Purchase and Sale of Preferred Stock By the Fund. The terms of any preferred stock is expected to provide that (i) they are redeemable
by