The Gabelli Multimedia Trust Inc. announced that Colavita and Conn are currently the Directors elected solely by the holders of the Fund’s Preferred Stock. Mr. Conn’s term as a Director is scheduled to expire at the Fund’s 2021 Annual Meeting of Stockholders. Therefore, he is not standing for election at this meeting. A quorum of the Preferred Shareholders must be present in person or by proxy at the Meeting in order for the proposal to elect Mr. Colavita to be considered.