Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 47

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 47
---
 if the Board determines that such modification is necessary to prevent a reduction in rating of the
shares of preferred stock by Moody’s and/or Fitch (or such other rating agency then rating the preferred stock at the request
of the Fund), as the case may be, or is in the best interest of the holders of common stock and is not adverse to the holders of
preferred stock in view of advice to the Fund by the relevant rating agencies that such modification would not adversely affect
its then-current rating of the preferred stock.

The foregoing voting
provisions will not apply to any series of preferred stock if, at or prior to the time when the act with respect to which such
vote otherwise would be required will be effected, such stock will have been redeemed or called for redemption and sufficient cash
or cash equivalents provided to the applicable paying agent to effect such redemption. The holders of preferred stock will have
no preemptive rights or rights to cumulative voting.

Subscription Rights

General. We
may issue subscription rights to holders of our (i) common stock to purchase common and/or preferred stock or (ii) preferred stock
to purchase preferred stock (subject to applicable law). Subscription rights may be issued independently or together with any other
offered security and may or may not be transferable by the person purchasing or receiving the subscription rights. In connection
with a subscription rights offering to holders of our common and/or preferred stock, we would distribute certificates evidencing
the subscription rights and a Prospectus Supplement to our common or preferred stockholders, as applicable, as of the record date
that we set for determining the stockholders eligible to receive subscription rights in such subscription rights offering.

The applicable Prospectus
Supplement would describe the following terms of subscription rights in respect of which this Prospectus is being delivered:

| ● | the period of time the offering would remain open (which will be open a minimum number of days such that all record holders would be eligible to participate in the offering and will not be open longer than 120 days); |

| ● | the title of such subscription rights; |

| ● | the exercise price for such subscription rights (or method of calculation thereof); |

| ● | the number of such subscription rights issued in respect of each common share; |

| ● | the number of rights required to purchase a single preferred share; |

| ● | the extent to which such subscription rights are transferable and the market on which they may be traded if they are transferable; |

| ● | if applicable, a discussion