Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 46

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 46
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 of reorganization adversely
affecting the preferred stock. The affirmative vote of the holders of 66 2/3% of each class of the outstanding voting shares of
the Fund, voting as separate classes, and the vote of a majority (as defined in the 1940 Act) of the holders of shares of preferred
stock, voting as a single class, is required to authorize the conversion of the Fund from a closed-end to an open-end investment
company. Further, unless a higher percentage is provided for under the Charter, the affirmative vote of a majority (as defined
in the 1940 Act) of the votes entitled to be cast by holders of outstanding shares of the Fund’s preferred stock, voting
together as a single class, will be required to approve any action requiring a vote of security holders under Section 13(a)
of the 1940 Act (other than a conversion of the Fund from a closed-end to an open-end investment company), including, among other
things, changes in the Fund’s investment objectives or changes in the investment restrictions described as fundamental policies
under “Investment Objectives and Policies” in this Prospectus and the SAI, “How the Fund Manages Risk—Investment
Restrictions” in this Prospectus and “Investment Restrictions” in the SAI.

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For purposes of this
section, except as otherwise required under the 1940 Act, the vote of the holders of a “majority” of the outstanding
shares of preferred stock means, in accordance with Section 2(a)(42) of the 1940 Act, the vote, at the annual or a special
meeting of the stockholders of the Fund duly called (i) of 67% or more of the shares of preferred stock present at such meeting,
if the holders of more than 50% of the outstanding shares of preferred stock are present or represented by proxy, or (ii) of more
than 50% of the outstanding shares of preferred stock, whichever is less. The class vote of holders of preferred stock described
above in each case will be in addition to a separate vote of the requisite percentage of common stock, and any other preferred
stock, voting together as a single class, that may be necessary to authorize the action in question.

The calculation of
the elements and definitions of certain terms of the rating agency guidelines may be modified by action of the Board without further
action by the stockholders