Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 39

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 39
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 stock. The ratings on the preferred stock are not recommendations to purchase, hold or sell shares
of any series, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The rating agency
guidelines also do not address the likelihood that an owner of preferred stock will be able to sell such shares on an exchange,
in an auction or otherwise. The ratings are based on current information furnished to Moody’s and Fitch by the Fund and the
Investment Adviser and information obtained from other sources. The ratings may be changed, suspended or withdrawn as a result
of changes in, or the unavailability of, such information.

The rating agency guidelines
will apply to the preferred stock, as the case may be, only so long as such rating agency is rating such shares at the request
of the Fund. The Fund pays fees to Moody’s and Fitch for rating the preferred stock.

Asset Maintenance Requirements. In addition to the requirements summarized under “—Rating Agency Guidelines” above, the Fund
must satisfy asset maintenance requirements under the 1940 Act with respect to its preferred stock. Under the 1940 Act, debt or
additional preferred stock may be issued only if immediately after such issuance the value of the Fund’s total assets (less
ordinary course liabilities) is at least 300% of the amount of any debt outstanding and at least 200% of the amount of any preferred
stock and debt outstanding.

The Fund is and likely
will be required under the Articles Supplementary of each series of preferred stock to determine whether it has, as of the last
business day of each March, June, September and December of each year, an “asset coverage” (as defined in the 1940
Act) of at least 200% (or such higher or lower percentage as may be required at the time under the 1940 Act) with respect to all
outstanding senior securities of the Fund that are debt or stock, including any outstanding preferred stock. If the Fund fails
to maintain the asset coverage required under the 1940 Act on such dates and such failure is not cured by a specific time (generally
within 10 business days), the Fund may, and in certain circumstances will be required to, mandatorily redeem preferred stock sufficient
to satisfy such asset coverage. See “—Redemption Procedures” below.

Distributions.
Holders of any fixed rate preferred stock are or will be entitled to receive, out of funds legally available therefore, cumulative