The Board of Directors of The Gabelli Multimedia Trust Inc. reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022. note that the minimum annual distribution of 10% of the average net asset value of the Fund is based on the ending net asset values per share as of December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022. The current net asset value is $5.51 per share and 10% of the average net asset values of the Fund would be an annualized amount approaching $0.66 per share.

The net asset value per share fluctuates daily. The Board of Directors will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the current financial market environment.