Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc. New York, January 30, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gabelli Multimedia Trust Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Billionaire Investor Mario Gabelli joined Yahoo Finance's Myles Udland, Andy Serwer, Dan Roberts, and Melody Hahm to discuss the areas of the market he's watching and his investment strategy amid the coronavirus crisis.

Gabelli Funds, LLC announces that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its Funds’ shareholders and stockholders, employees, and trustees and directors, as well as their families and communities, it will host the originally planned in-person 2020 Annual Meetings of Shareholders and Stockholders (the "Annual Meetings") at the Westchester Country Club, as virtual meetings.

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") declared a $0.22 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020.

Moody's Investors Service has assigned an A2 rating to The Gabelli Multimedia Trust Inc.'s (Ticker: GGT, or the "fund") new $50 million 5.125% Series G Cumulative Preferred Shares. GGT will use the net proceeds from the issuance to redeem its outstanding 6.00% Series B Cumulative Preferred Shares ($20 million) with the remainder of the proceeds to be reinvested back into the portfolio. Concurrently, Moody's affirmed the ratings on GGT's existing Series C Auction Rate Preferred Shares and 5.125% Series E Cumulative Preferred Shares.