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The Gabelli Global Multimedia Trust Inc. announced final terms of its year 2000 Rights Offering
originally announced on February 18, 2000. The record date for the Multimedia Trust's Rights
Offering is currently June 16, 2000 or such later date that is six business days after the date
on which the Securities and Exchange Commission declares the Fund's registration statement effective.
Based on this date the Multimedia Trust will trade Ex-Rights on June 14, 2000.
Pursuant to the Offer, the Fund will distribute to shareholders one transferable Right for each
share of common stock held on the record date. Three Rights will be required to purchase one
additional share of stock at $13.00 per share (the "Subscription Price"), without brokerage
commissions. Rights may be exercised at any time during the subscription period. The Rights will
be transferable, with the subscription period commencing on the record date and terminating
approximately 34 days later, unless extended up to ten business days thereafter. Shareholders of
record will be entitled to subscribe, subject to certain limitations and allotment, for any shares
not purchased pursuant to the primary subscription.
Subscription certificates evidencing the Rights and a copy of the prospectus for this offer will be
mailed to record date shareholders by June 19, 2000. The Rights Offering will be made only by means
of a prospectus.
The Gabelli Global Multimedia Trust Inc. is a closed-end, non-diversified management investment
company with $233 million in total assets whose primary investment objective is long-term growth
of capital.
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