Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 33

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 33
---
’s terms.

If the total distributions
required by a periodic payment policy exceed the Fund’s net investment income and net capital gain, the excess will be treated
as a return of capital. Stockholders may periodically receive the payment of cash distributions from the Fund, which may consist
of either a distribution of net profits or a return of capital or a combination of the two. 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. If the Fund’s net investment income (including net short-term
capital gains) and net long-term capital gains for any year exceed the amount required to be distributed under a periodic payment
policy, the Fund generally intends to pay such excess once a year, but may, in its discretion, retain and not distribute net long-term
capital gains to the extent of such excess. See “Automatic Dividend Reinvestment and Voluntary Cash Purchase Plans.”

<div align='center'>- 16 -

Automatic Dividend Reinvestment and Voluntary Cash Purchase Plans</div>

The information contained
under the heading “Additional Fund Information—Automatic Dividend Reinvestment and Voluntary Cash Purchase Plan”
in the Fund’s Annual Report is incorporated herein by reference.

<div align='center'>- 17 -

Description of Capital Stock</div>

The following is a brief description of the terms of the Fund’s common stock and preferred stock. This description does not purport to be complete and is qualified by reference to the Fund’s Governing Documents. For complete terms of the common stock and preferred stock, please refer to the actual terms of such series, which are set forth in the Governing Documents.

Common Stock

The Fund is currently
authorized to issue two hundred million (200,000,000) shares, all of which were initially classified and designated as common stock,
par value $0.001 per share. The Board has the authority to classify and reclassify any authorized but unissued shares of stock
from time to time. Of the Fund’s two hundred million (200,000,000) shares initially classified and designated as common stock,
12,001,000 have been reclassified as preferred stock. Each share within a particular class or series thereof has equal voting,
dividend, distribution and liquidation rights. There are no conversion or preemptive rights in connection with any outstanding
stock of the Fund. The common stock of the Fund is not redeemable and