Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 37

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 37
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 the Fund at any time (either after the date of initial issuance, or after some period of time following initial issuance) in
whole or in part at the original purchase price per share plus accumulated dividends per share, (ii) the Fund may tender for or
purchase preferred stock and (iii) the Fund may subsequently resell any shares so tendered for or purchased. Any redemption or
purchase of preferred stock by the Fund will reduce the leverage applicable to the common stock, while any resale of preferred
stock by the Fund will increase that leverage.

Rating Agency Guidelines.
The Fund’s preferred stock is rated by Moody’s and/or Fitch. Upon issuance, it is expected that any new series of preferred
stock will be rated by Moody’s or Fitch.

The Fund is, and expects
that it will be, required under the applicable rating agency guidelines to maintain assets having in the aggregate a discounted
value at least equal to a Basic Maintenance Amount (as defined in the applicable Articles Supplementary and summarized below),
for its outstanding preferred stock. To the extent any particular portfolio holding does not satisfy the applicable rating agency’s
guidelines, all or a portion of such holding’s value will not be included in the calculation of discounted value (as defined
by such rating agency). The Moody’s and Fitch guidelines also impose certain diversification requirements and industry concentration
limitations on the Fund’s overall portfolio, and apply specified discounts to securities held by the Fund (except certain
money market securities).

The “Basic Maintenance
Amount” is generally equal to (a) the sum of (i) the aggregate liquidation preference of any preferred stock then outstanding
plus (to the extent not included in the liquidation preference of such preferred stock) an amount equal to the aggregate accumulated
but unpaid distributions (whether or not earned or declared) in respect of such preferred stock, (ii) the Fund’s other liabilities
(excluding dividends and other distributions payable on the Fund’s common stock), (iii) with respect to auction rate preferred
stock, the amount of any indebtedness or obligations of the Fund ranking senior in priority to the preferred share distributions
and (iv) any other current liabilities of the Fund (including amounts due and payable by the Fund pursuant to reverse repurchase
agreements and payables for assets purchased) less (b) the value of the Fund’s assets if such assets are either cash or evidences
of indebtedness which mature prior to or on the date of redemption or repurchase of preferred stock or payment of another liability