Company: GGT-PG
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002911
Chunk: 8

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 8
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 outstanding Preferred
Stock, voting as a separate class, are entitled to elect two Directors, and holders of the Fund’s outstanding Common Stock and
Preferred Stock, voting together as a single class, are entitled to elect the remaining Directors. The holders of the Fund’s outstanding
Preferred Stock would be entitled to elect the minimum number of additional Directors that would represent a majority of the Directors
in the event that dividends on the Fund’s Preferred Stock become in arrears for two full years and until all arrearages are eliminated.
No dividend arrearages exist as of the date of this Proxy Statement. Messrs. Anthony S. Colavita and James P. Conn are currently the
Directors elected solely by the holders of the Fund’s Preferred Stock. Mr. Conn’s term as Director is scheduled to expire
at the Fund’s 2027 Annual Meeting of Stockholders. Therefore, he is not standing for election at this meeting. A quorum of the
Preferred Stockholders must be present or represented by proxy at the Meeting in order for the proposal to elect Mr. Colavita to be considered.

Unless
instructions are provided to the contrary, it is the intention of the persons named in the proxy to vote the proxy “FOR”
the election of the nominees named above. Each nominee has indicated that he or she has consented to serve as a Director if elected at
the Meeting. If, however, a designated nominee declines or otherwise becomes unavailable for election, the proxy confers discretionary
power on the persons named therein to vote in favor of a substitute nominee or nominees. Each nominee is qualified to serve as a Director
under the Fund’s governing documents.

| 3 |

Information about Directors
and Officers

Set forth in the table
below are the existing Directors, including those Directors who are not considered to be “interested persons,”
as defined in the 1940 Act (the “Independent Directors”), four of whom are nominated for re-election to the
Board of the Fund, and officers of the Fund, including information relating to their respective positions held with the Fund, a brief
statement of their principal occupations, and, in the case of the Directors, their other directorships during the past five years (excluding
other funds managed by the Adviser), if any.

|                          |     | Term      
 of        |     |                                |     |                        |        | Number     
 of         |
|                          |     | Office    
 and       |     |                                |     |                        |        | Portfolios