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Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 33% Year to Date

1. GGT's Board approved continued monthly cash distributions. 2. NAV total return is at a strong 33% year-to-date. 3. Annual distribution equates to a 22% cash on cash return. 4. Distributions may vary based on income and market conditions. 5. No current reliance on an SEC exemptive relief for distributions.

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Why Bullish?

With a solid NAV return and consistent distributions, investor confidence may rise, akin to previous instances where strong performance led to stock price appreciation. For example, other funds showing similar distribution patterns often experience price stability or growth.

How important is it?

GGT's robust distribution policy implies financial stability, which is appealing to dividend-focused investors, likely resulting in increased interest and demand for the stock.

Why Short Term?

Immediate investor reactions to favorable distribution news can lead to short-term buying. Historical data shows that distribution announcements frequently lead to price spikes within weeks.

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GAMIGGTC
November 12, 2025 14:23 ET  | Source: The Gabelli Multimedia Trust Inc RYE, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions, reflective of the strength of the Fund’s NAV total return of 33% year to date.  The 2025 annual distribution of $0.88 per share currently equates to a 22% “cash on cash” distribution. Under its monthly distribution policy, the Fund will continue to pay a $0.22 per share quarterly distribution, with $0.07 per share paid for each of the first two months of the quarter and $0.08 per share paid in the third month of each quarter.  The Board of Directors declared cash distributions as set forth below for each of January, February, and March 2026. Distribution MonthRecord DatePayable DateDistribution Per ShareJanuaryJanuary 15, 2026January 23, 2026$0.07FebruaryFebruary 12, 2026February 20, 2026$0.07MarchMarch 17, 2026March 24, 2026$0.08     The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder.  The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions. The Fund currently intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short term capital gains) to common shareholders.  The Fund also intends to make annual distributions of its realized net long term capital gains, if any.  The Fund, however, may make more than one capital gain distribution to avoid paying U.S. federal excise tax.  A portion of each distribution may be a return of capital.  Various factors will affect the level of the Fund’s income.  To permit the Fund to maintain more stable distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period.  The Fund’s distribution policy may be modified from time to time by the Board as it deems appropriate, including in light of market and economic conditions and the Fund’s current, expected and historical earnings and investment performance.  Because the Fund’s monthly distributions are subject to modification by the Board at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would be deemed 100% from paid-in capital on a book basis.  This does not represent information for tax reporting purposes.  The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com).  The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the monthly estimates.  Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution.  All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.  For more information regarding the Fund’s distribution policy and other information about the Fund, call: Carter Austin(914) 921-5475 About The Gabelli Multimedia TrustThe Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $218 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. (OTCQX: GAMI). NYSE: GGTCUSIP – 36239Q109 Investor Relations Contact:Carter Austin(914) 921-5475caustin@gabelli.com

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