Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 58

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 58
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us. 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 all U.S. federal income tax concerns affecting the Fund and its stockholders (including stockholders subject to
special tax rules and stockholders owning large positions in the Fund), nor does this discussion address any state, local or foreign
tax concerns.

The discussion set forth herein does not constitute tax advice. Investors are urged to consult their own tax advisers to determine the tax consequences to them of investing in the Fund.

Taxation of the Fund

The Fund has elected
to be treated and has qualified as, and intends to continue to qualify annually as, a RIC under Subchapter M of the Code. Accordingly,
the Fund must, among other things,

| 1. | (i) derive in each taxable year at least 90% of its gross income from (a) dividends, interest (including tax-exempt interest), payments with respect to certain securities loans, and gains from the sale or other disposition of stock, securities or foreign currencies, or other income (including but not limited to gain from options, futures and forward contracts) derived with respect to its business of investing in such stock, securities or currencies and (b) net income derived from interests in certain publicly traded partnerships that are treated as partnerships for U.S. federal income tax purposes and that derive less than 90% of their gross income from the items described in (a) above (each a “Qualified Publicly Traded Partnership”); and |

| 2. | (ii) diversify its holdings so that, at the end of each quarter of each taxable year (a) at least 50% of the market value of the Fund’s total assets is represented by cash and