Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 41

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 41
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 as nearly pro rataas
possible in proportion to the respective amounts of distributions accumulated but unmade on each such series of preferred stock
on the relevant dividend payment date. The Fund’s obligation to make distributions on the preferred stock will be subordinate
to its obligations to pay interest and principal, when due, on any senior securities representing debt.

Mandatory Redemption Relating to Asset Coverage Requirements. The Fund may, at its option, consistent with the Governing Documents and the 1940
Act, and in certain circumstances will be required to, mandatorily redeem preferred stock in the event that:

| ● | the Fund fails to maintain the asset coverage requirements specified under the 1940 Act on a quarterly valuation date and such failure is not cured on or before a specified period of time, following such failure; or |

| ● | the Fund fails to maintain the asset coverage requirements as calculated in accordance with any applicable rating agency guidelines as of any monthly valuation date, and such failure is not cured on or before a specified period of time after such valuation date. |

The redemption price
for preferred stock subject to mandatory redemption will generally be the liquidation preference, as stated in the Articles Supplementary
of each existing series of preferred stock or the Prospectus Supplement accompanying the issuance of any series of preferred stock,
plus an amount equal to any accumulated but unpaid distributions (whether or not earned or declared) to the date fixed for redemption,
plus any applicable redemption premium determined by the Board and included in the Articles Supplementary.

The number of preferred
stock that will be redeemed in the case of a mandatory redemption will equal the minimum number of outstanding preferred stock,
the redemption of which, if such redemption had occurred immediately prior to the opening of business on the applicable cure date,
would have resulted in the relevant asset coverage requirement having been met or, if the required asset coverage cannot be so
restored, all of the preferred stock. In the event that preferred stock is redeemed due to a failure to satisfy the 1940 Act asset
coverage requirements, the Fund may, but is not required to, redeem a sufficient number of preferred stock so that the Fund’s
assets exceed the asset coverage requirements under the 1940 Act after the redemption by 10% (that is, 210% asset coverage) or
some other amount specified in the Articles Supplementary. In the event that preferred stock is redeemed due to a failure to satisfy
applicable rating agency guidelines, the Fund may, but is not required to, redeem a sufficient number of preferred stock so