Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 50

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 50
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| ● | sale, lease, or exchange to the Fund, in exchange for securities of the Fund, of any assets of any entity or person (except assets generally having an aggregate fair market value of less than $1,000,000); |

if such corporation,
person or entity is directly, or indirectly through affiliates, the beneficial owner of more than 5% of the outstanding shares
of the Fund. However, such vote would not be required when, under certain circumstances, the Board approves the transaction or
when each class of voting securities of the corporation that is the other party to any of the above listed transactions is (directly
or indirectly) majority owned by the Fund.

In addition to the
foregoing, the Charter provides that the affirmative vote of the holders of 66 2/3% of each class of the outstanding voting shares
of the Fund, voting as separate classes, is required to authorize the conversion of the Fund from a closed-end to an open-end investment
company.

The Fund’s Bylaws
provide that the affirmative vote of two-thirds of the entire Board of Directors shall be required to approve or declare advisable:

(1) Any amendment
to the Charter to make the Fund’s common stock a “redeemable security” or to convert the Fund, whether by merger
or otherwise, from a “closed-end company” to an “open-end company” (as defined in the 1940 Act);

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(2) The liquidation
or dissolution of the Fund and any amendment to the Charter to effect any such liquidation or dissolution; or

(3) Any merger,
consolidation, share exchange, or sale or exchange of all or substantially all of the assets of the Fund that Maryland law requires
be approved by the stockholders of the Fund.

Further, unless a higher
percentage is provided for under the Charter, the affirmative vote of the holders of a majority (as defined in the 1940 Act) of
the outstanding shares of the Fund’s preferred stock, voting as a separate class, will be required to approve any plan of
reorganization adversely affecting such stock or any action requiring a vote of security holders under Section 13(a) of the
1940 Act, including, among other things, open-ending the Fund and changing the Fund’s investment objectives or changing the
investment restrictions described as fundamental policies under “Investment Restrictions” in the SAI.

Maryland corporations
that are subject to the