Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 62

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 62
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 been properly reported by the Fund, regardless of the length
of time you have owned your Fund shares. Long term capital gain of individuals is generally subject to reduced U.S. federal income
tax rates.

Distributions in excess
of the Fund’s current and accumulated earnings and profits will be treated as a tax-free return of capital to the extent
of your adjusted tax basis of your shares and thereafter will be treated as capital gains. The amount of any Fund distribution
that is treated as a tax-free return of capital will reduce your adjusted tax basis in your shares, thereby increasing your potential
gain or reducing your potential loss on any subsequent sale or other disposition of your shares. In determining the extent to which
a distribution will be treated as being made from the Fund’s earnings and profits, earnings and profits will be allocated
on a pro rata basis first to distributions with respect to the Fund’s preferred stock, and then to the Fund’s common
shares.

The IRS currently requires
a RIC that has two or more classes of shares outstanding to designate to each such class proportionate amounts of each type of
its income (e.g., ordinary income, capital gain dividends, qualified dividend income) for each tax year based upon the percentage
of total dividends distributed to each class for such year.

Generally, after the
close of its calendar year, the Fund will provide you with a written notice reporting the amount of any qualified dividend income
or capital gain dividends and other distributions.

Except in the case
of a redemption or repurchase (the consequences of which are described in the SAI under “Taxation — Taxation of Stockholders”),
the sale or other disposition of shares of the Fund will generally result in capital gain or loss to you, and will be long term
capital gain or loss if the shares have been held for more than one year at the time of sale. Any loss upon the sale or exchange
of Fund shares held for six months or less will be treated as long term capital loss to the extent of any capital gain dividends
received (including amounts credited as undistributed capital gain dividends) by you with respect to such Fund shares. A loss realized
on a sale or exchange of shares of the Fund will be disallowed if other substantially identical shares are acquired (whether through
the automatic reinvestment of dividends or otherwise) within a 61-day period beginning 30 days before and ending 30 days after
the date of the sale or exchange of the shares. In such case, the basis of the shares