Preliminary results indicate that the Trust received subscriptions for nearly twice the 3,598,938 shares authorized to be issued. Over 80% of the shares were subscribed for pursuant to the Primary subscription which compares favorably to our last rights offering in which 80% of the Primary shares were subscribed for as well. Details of shares available for the Over-Subscription Privilege are not yet available. Shares subscribed for in the Over-Subscription Privilege will be allocated on a pro rata basis in the manner described in the Trust's prospectus for the Rights Offering.

We would like to thank all the full service brokers who participated without receiving commission and all of our shareholders.

The Gabelli Global Multimedia Trust Inc. is a closed-end, non-diversified management investment company with $235 million in total assets whose primary investment objective is long-term growth of capital.