For each three shares held of record, a shareholder will receive three rights which provide the right to acquire one additional share of the Trust. Shareholders of record on the record date for the rights offering will be entitled to subscribe, subject to certain limitations and subject to allotment, for any shares not purchased pursuant to the primary subscription rights. The record date for the offering, the subscription price and the length of the offering period will be announced at a later date. The rights offering will be made only by means of a prospectus and this notice does not constitute an offer of any securities for sale. The rights will be transferable and the Fund will apply to have them traded on the New York Stock Exchange.

The Gabelli Global Multimedia Trust Inc. is a closed-end, non-diversified management investment company with $253 million in total assets whose primary investment objective is long-term growth of capital.