Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 31

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 31
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 telecommunications,
media, publishing, and entertainment industries (the “80% Policy”). The Fund may invest in companies of any size market
capitalization. The Fund may invest, without limitation, in foreign securities. The Fund may also invest in securities of companies
located in emerging markets.

A company will be considered
to be in these industries if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to,
the indicated activities or multimedia related activities. The 80% Policy may be changed without stockholder approval. The Fund
will provide stockholders with notice at least sixty days prior to the implementation of any change in the 80% Policy.

The information contained
under the heading “Additional Fund Information—Investment Objectives and Policies” in the Fund’s Annual
Report is incorporated herein by reference.

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Risk Factors and Special Considerations</div>

The information contained
under the heading “Additional Fund Information—Risk Factors and Special Considerations” in the Fund’s Annual
Report is incorporated herein by reference.

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How the Fund Manages Risk</div>

The information contained
under the heading “Additional Fund Information—How the Fund Manages Risk” in the Fund’s Annual Report is
incorporated herein by reference.

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Management of the Fund</div>

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

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Portfolio Transactions</div>

Principal transactions
are not entered into with affiliates of the Fund. However, G.research an affiliate of the Investment Adviser, may execute portfolio
transactions on stock exchanges and in the over-the-counter markets on an agency basis and receive a stated commission therefrom.
For a more detailed discussion of the Fund’s brokerage allocation practices, see “Portfolio Transactions” in
the SAI.

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Dividends and Distributions</div>

The Fund may retain
for reinvestment, and pay the resulting federal income taxes on, its net capital gain, if any, although the Fund reserves the authority
to distribute its net capital gain in any year. Under the Fund’s current distribution policy, which may be modified at any
time by its Board of Directors, the Fund intends to pay to holders of the Fund’s common stock