Gabelli Multimedia Trust Rights Offering Expires July 18, 2014

  Gabelli Multimedia Trust Rights Offering Expires July 18, 2014

Business Wire

RYE, N.Y. -- July 10, 2014

The rights offering (the “Offering”) made by The Gabelli Multimedia Trust Inc.
(NYSE:GGT) (the “Fund”) to the Fund’s common stockholders will expire on
Friday, July, 18, 2014 at 5:00 PM Eastern Time.

SUMMARY OF THE TERMS OF THE OFFERING

  *Each stockholder received one transferable right (the “Right”) for each
    share of common stock held on the record date (June 17, 2014).
  *Three Rights plus $9.00 (the “Subscription Price”) is required to purchase
    one additional share of common stock (the “Primary Subscription”). The
    purchase price is payable in cash.
  *Record date shareholders who fully exercise their Primary Subscription
    Rights are eligible for an over-subscription privilege entitling these
    stockholders to subscribe, subject to certain limitations and a pro-rata
    allotment, for any additional shares of common stock not purchased
    pursuant to the Primary Subscription. Rights acquired in the secondary
    market may not participate in the over-subscription privilege.
  *Rights may be traded on the NYSE under the symbol “GGT RT”.

Holders of Rights who wish to subscribe for additional shares of common stock
should contact their broker or advisor for instructions with respect to
exercising Rights. Holders of Rights who are unable or do not wish to exercise
any or all of their Rights may instruct their broker or advisor to sell any
unexercised Rights.

The Offering is made pursuant to the Fund’s effective shelf registration
statement on file with the Securities and Exchange Commission (the “SEC”). As
previously announced, investments of the proceeds raised will be made in
accordance with the Fund’s investment objectives and policies as appropriate
investment opportunities are identified.

For questions and further information contact the Closed-End Fund Team at
800-GABELLI (800-422-3554) or (914) 921-5070. Morrow & Co., LLC is serving as
the Information Agent for this offering and can be reached at (800) 969-2372,
Banks and Brokers please call (203) 658-9400. This document is not an
offering, which can only be made by a final prospectus. Investors should
carefully consider the Fund’s investment objectives, risks, charges and
expenses before investing. The base prospectus and statement of additional
information contain this and additional information about the Fund, and the
prospectus supplement contains this and additional information about the
Offering, and should be read carefully before investing. The SEC has not
approved or disapproved these securities or passed upon the adequacy of this
press release.

The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management
investment company with $228 million in total net assets whose primary
investment objective is long-term growth of capital. The Fund is managed by
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is
a publicly traded NYSE listed company.

Contact:

The Gabelli Multimedia Trust Inc.
Carter Austin or Laurissa Martire
914-921-5070
 
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