Company: GGT-PG
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001664
Chunk: 3

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-10
Form: N-CSR
Chunk 3
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 date, and adjustments for rights offerings and are net of expenses. Since inception return is based on an initial NAV of $7.50. |

| (c) | Total returns and average annual returns reflect changes in closing market values on the NYSE, reinvestment of distributions, and adjustments for rights offerings. Since inception return is based on an initial offering price of $7.50. |

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.

<div align='center'>3

COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT IN

THE GABELLI MULTIMEDIA TRUST INC. (INVESTMENT TOTAL RETURN) AND
MSCI AC WORLD COMMUNICATION SERVICES INDEX (Unaudited)</div>

| Average Annual Total Returns* |         |        |         |
|                               | 1 Year  | 5 Year | 10 Year |
| Investment                    | (5.19)% | 2.92%  | 4.66%   |

* Past performance is not predictive of future results. The performance tables and graph do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

<div align='center'>4</div>

Summary of Portfolio Holdings (Unaudited)

The following table presents portfolio holdings as a percent of total investments as of December 31, 2024:

The Gabelli Multimedia Trust Inc.

| Entertainment                  |     | 29.2 | % |
| Computer Software and Services |     |  9.1 | % |
| Broadcasting                   |     |  7.0 | % |
| Electronics                    |     |  6.7 | % |
| Cable                          |     |  5.3 | % |
| U.S. Government Obligations    |     |  5.3 | % |
| Telecommunications: National   |     |  5.1 | % |
| Hotels and Gaming              |     |  4.9 | % |
| Wireless Communications        |     |  4.5 | % |
| Publishing                     |     |  2.5 | % |
| Real Estate                    |     |  2.4 | % |
| Business Services: Advertising |     |  2.2 | % |
| Equipment                      |     |  2.2 | % |
| Telecommunications             |     |  2.0 | % |
| Consumer