Company: GGT-PG
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0001999371-25-004396
Chunk: 30

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-04-17
Form: 424B2
Chunk 30
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 of any offering in accordance with the Fund’s investment
objectives and policies, and may use a portion of such proceeds, depending on market conditions, for other general corporate purposes,
including the continuation of the Fund’s managed distribution policy. The Investment Adviser expects that it will initially
invest the proceeds of the offering in high quality short-term debt securities and instruments. The Investment Adviser anticipates
that the investment of the proceeds will be made in accordance with the Fund’s investment objectives and policies as appropriate
investment opportunities are identified, which is expected to be substantially completed within three months; however, the identification
of appropriate investment opportunities pursuant to the Fund’s investment style or changes in market conditions may cause
the result in the Fund’s anticipated investment period extending to as long as six months. The Investment Adviser may also
use the net proceeds to redeem existing series of Preferred Stock.

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The Fund</div>

The
Fund is registered as a non-diversified, closed-end management investment company registered under the 1940 Act. Although the Fund is
registered as a non-diversified fund, it has operated as a diversified fund for over three years. Therefore, the 1940 Act obliges the
Fund to continue to operate as a diversified fund unless the Fund obtains stockholder approval to operate as a non-diversified fund.
The Fund was organized as a Maryland corporation on March 31, 1994. The Fund commenced its investment operations on November 15,
1994. The Fund’s principal office is located at One Corporate Center, Rye, New York 10580-1422.

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Investment Objective and Policies</div>

Investment Objectives

The Fund’s primary
investment objective is to achieve long-term growth of capital by investing primarily in the common stock and other securities
of foreign and domestic companies involved in the telecommunications, media, publishing, and entertainment industries. Income is
the secondary investment objective. The investment objectives of long-term growth of capital and income are fundamental policies
of the Fund. The Fund’s policy of concentration in companies in the telecommunications, media, publishing, and entertainment
industries is also a fundamental policy of the Fund.

Under normal market
conditions, the Fund will invest at least 80% of the value of its net assets, plus borrowings for investment purposes, in common
stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the