Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 57

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 57
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 to make offerings of subscription rights to purchase its common stock or preferred stock.
Any such future rights offering will be made in accordance with the 1940 Act. Under the laws of Maryland, the Board is authorized
to approve rights offerings without obtaining stockholder approval. The staff of the SEC has interpreted the 1940 Act as not requiring
stockholder approval of a transferable rights offering at a price below the then current net asset value so long as certain conditions
are met, including: (i) a good faith determination by a fund’s Board that such offering would result in a net benefit to
existing stockholders; (ii) the offering fully protects stockholders’ preemptive rights and does not discriminate among stockholders
(except for the possible effect of not offering fractional rights); (iii) management uses its best efforts to ensure an adequate
trading market in the rights for use by stockholders who do not exercise such rights; and (iv) the ratio of a transferable rights
offering does not exceed one new share for each three rights held.

<div align='center'>- 33 -

Net Asset Value</div>

The information contained
under the heading “Additional Fund Information—Net Asset Value” in the Fund’s Annual Report is incorporated
herein by reference.

<div align='center'>- 34 -

Taxation</div>

The following discussion
is a brief summary of certain U.S. federal income tax considerations affecting the Fund and its common and preferred stockholders.
A more complete discussion of the tax rules applicable to the Fund and its stockholders can be found in the SAI that is incorporated
by reference into this Prospectus. This summary does not discuss the consequences of an investment in subscription rights to acquire
shares of the Fund’s stock. The tax consequences of such an investment will be discussed in a relevant prospectus supplement.

This discussion assumes
you are a taxable U.S. person (as defined for U.S. federal income tax purposes) and that you hold your shares as capital assets
(generally, for investment). This discussion is based upon current provisions of the Code, Treasury regulations, judicial authorities,
published positions of the Internal Revenue Service (the “IRS”) and other applicable authorities, all of which are
subject to change or differing interpretations, possibly with retroactive effect. No assurance can be given that the IRS would
not assert, or that a court would not sustain, a position contrary to those set forth below. No attempt is made to present a detailed
explanation of