Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 22

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 22
---
 rates. Leverage creates
a greater risk of loss as well as a potential for more gains for the common stock than if leverage were not used. See “Risk
Factors and Special Considerations—Leverage Risk” in the Annual Report. The Fund may also engage in investment management
techniques which will not be considered senior securities if the Fund complies with Rule 18f-4 under the 1940 Act.

<div align='center'>- 2 -</div>

Dividends and Distributions

Preferred Stock Distributions. In accordance with the 1940 Act, all preferred stock of the Fund must have the same seniority with respect to
distributions. Accordingly, no full distribution will be declared or paid on any series of preferred stock of the Fund for any
dividend period, or part thereof, unless full cumulative dividends and distributions due through the most recent dividend payment
dates for all series of outstanding preferred stock of the Fund are declared and paid. If full cumulative distributions due have
not been declared and made on all outstanding preferred stock of the Fund, any distributions on such preferred stock will be made
as nearly pro rata as 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.

In the event that for
any calendar year the total distributions on shares of the Fund’s preferred stock exceed the Fund’s current and accumulated
earnings and profits allocable to such shares, the excess distributions will generally be treated as a tax-free return of capital
(to the extent of the stockholder’s tax basis in the shares). Stockholders should not assume that the source of a distribution
from the Fund is net profit. Distributions sourced from paid-in capital should not be considered the current yield or the total
return from an investment in the Fund. The amount treated as a tax-free return of capital will reduce a stockholder’s adjusted
tax basis in the preferred stock, thereby increasing the stockholder’s potential taxable gain or reducing the potential loss
on the sale of the shares.

The distributions to
the Fund’s preferred stockholders for the fiscal year ended December 31, 2023, were comprised of net investment income
and return of capital. The Fund did not make return of capital distributions to preferred stockholders in 2010-2021. The Fund made
return of capital distributions to preferred stockholders in 2022.

Fixed Rate Preferred Stock. Distributions on Fixed Rate Preferred Stock, at the applicable