Company: GGT-PG
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001829126-25-008100
Chunk: 50

Company: GABELLI MULTIMEDIA TRUST INC.
Filing Date: 2025-10-14
Form: 424B2
Chunk 50
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, 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 Securities Exchange Act of 1934 (the “1934 Act”) and have at least three outside directors,
such as the Fund, may by board resolution or by provision in its charter or bylaws elect to become subject to certain corporate
governance provisions set forth in the MGCL, even if such provisions are inconsistent with the corporation’s charter and
bylaws. Accordingly, notwithstanding its Governing Documents, under Maryland law, the Fund’s Board may elect to:

| ● | self-classify; |

| ● | require that special meetings of stockholders be called only at the request of stockholders entitled to cast at least a majority of the votes entitled to be cast at such meeting; |

| ● | provide that the number of Directors shall be fixed by only the Board; |

| ● | provide that Directors are subject to removal only by the vote of the stockholders