Gabelli Multimedia Trust updates on Mario Gabelli's health; succession plan activated

GABELLI MULTIMEDIA TRUST INC.

Mario Gabelli hospitalized after medical incident March 19; condition improving but return timeline unknown.
GAMCO succession plan implemented March 22; Christopher J. Marangi named President of GAMCO.
Day-to-day operations led by co-CEO Douglas R. Jamieson and Christopher J. Marangi during absence.
Portfolio management for the Fund led by Kevin V. Dreyer and Christopher J. Marangi.

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