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

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 25
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 and
distribution levels (which are affected by expenses) and stability, market liquidity, market supply and demand, unrealized gains,
general market and economic conditions, and other factors. See “Risk Factors and Special Considerations,” “Description
of Capital Stock,” “Repurchase of Common Stock” and “Additional Fund Information—Risk Factors and
Special Considerations” in the Annual Report.

The common stock is
designed primarily for long term investors, and you should not purchase shares of common stock of the Fund if you intend to sell
them shortly after purchase.

Fixed rate preferred
stock may also trade at premiums to or discounts from their liquidation preference for a variety of reasons, including changes
in interest rates.

- 4 -

Risk Factors and Special Considerations

Risk is inherent in
all investing and you could lose all or any portion of the amount you invest in our securities. Therefore, before investing in
our securities, you should consider the risks described in this Prospectus, the Fund’s Annual Report and any Prospectus Supplement
carefully. The following is only a summary of certain risks of investing in the Fund described in more detail in the Fund’s
Annual Report and elsewhere in this Prospectus and any applicable Prospectus Supplement. Before you invest, you should read the
full summary of the risks of investing in the Fund, beginning on page 12 of this Prospectus under the heading “Risk Factors
and Special Considerations,” in any accompanying Prospectus Supplement, and under the heading “Additional Fund Information—Risk
Factors and Special Considerations” in the Annual Report.

Risks related to the
Fund’s portfolio investments include risks related to:

| ● | the Fund’s concentration in the telecommunications, media, publishing, and entertainment industries;                                                     |
| ● | investing in securities of foreign and emerging market issuers;                                                                                          |
| ● | investing in equity securities, convertible securities, and non-investment grade securities (commonly known as “high-yield securities” or “junk bonds”); |
| ● | lending of portfolio securities;                                                                                                                         |
| ● | use of financial leverage; and                                                                                                                           |
| ● | derivative transactions.                                                                                                                                 |

Special risks to investors
in the Fund’s common stock include risks relating to the Fund’s common stock distribution policy, dividends and use
of leverage, the common stock’s market price and liquidity, dilution and portfolio turnover.

Special risks to investors
in the Fund’s preferred stock include risks relating to the preferred stock’s market price and liquidity, distributions