Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 37

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 37
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 be the
maximum rate. In that event, holders that have submitted sell orders may not be able to sell any or all of the auction rate preferred
stock for which they have submitted sell orders. At present, the maximum rate for Series C Auction Rate Preferred is currently
175% of the “AA” Financial Composite Commercial Paper Rate on the day of such auction. Failed auctions have been an
industry wide problem in the past and may occur in the future. Any current or potential holder of auction rate preferred stock
faces the risk that an auction will fail and that he or she may not be able to sell his or her stock through the auction process.

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Redemption, Purchase and Sale of Preferred Stock By the Fund. The terms of any preferred stock is expected to provide that (i) they are redeemable
by 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