Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 34

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 34
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 has no preemptive, conversion or cumulative voting rights.
In addition, shares of the Fund’s common stock will, when issued, be fully paid and non-assessable. In the event of liquidation,
each share of Fund common stock is entitled to its proportion of the Fund’s assets after payment of debts and expenses and
the amounts payable to holders of the Fund’s preferred stock ranking senior to the shares of common stock of the Fund as
described below.

Under Maryland law,
a Maryland corporation generally cannot dissolve, amend its charter, merge, convert, sell all or substantially all of its assets,
engage in a share exchange or engage in similar transactions outside the ordinary course of business unless approved by the affirmative
vote of stockholders entitled to cast at least two-thirds of the votes entitled to be cast on the matter unless a lesser percentage
(but not less than a majority of all the votes entitled to be cast on the matter) is set forth in the corporation’s charter.
Subject to certain exceptions summarized below, the charter generally provides for approval of charter amendments and extraordinary
transactions by the stockholders entitled to cast at least a majority of the votes entitled to be cast on the matter.

The common stock
of the Fund is listed on the NYSE under the symbol “GGT” and began trading November 14, 1994. As of April 10,
2024, 28,170,533 shares of common stock were outstanding. The average weekly trading volume of the common stock on the NYSE
during the period from January 1, 2023 through December 31, 2023, was 272,831 shares.

Shares of closed-end
investment companies often trade on an exchange at prices lower than net asset value. The Fund’s common stock has traded
in the market at both premiums to and discounts from net asset value.

Preferred Stock

The Governing Documents
provide that the Board may authorize and issue senior securities with rights as determined by the Board, by action of the Board
without the approval of the holders of the common stock. Holders of common stock have no preemptive right to purchase any senior
securities that might be issued. Currently, 12,001,000 shares of the Fund’s capital stock have been classified by the Board
as preferred stock, par value $0.001 per share. The Fund’s Board may reclassify authorized and unissued common stock of
the Fund, as preferred stock prior to the completion of any offering. The terms of each series of preferred