Gabelli Global Multimedia Trust Announces Name Change

The Gabelli Global Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) has completed the change of its name to the Gabelli Multimedia Trust Inc. effective January 5, 2012.

The Fund’s investment objectives, risk profile, and management team have not changed. The number of shares you hold in the Fund is unaffected.

The CUSIPs for the Fund’s outstanding securities have not changed. The Fund’s securities will begin trading under the new name on January 27, 2012.

The Fund’s primary investment objective is long-term growth of capital, primarily through investment in a portfolio of common stock and other securities of foreign and domestic companies involved in the telecommunications, media, publishing, and entertainment industries. Income is a secondary objective of the Fund.

The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $175 million in total net assets. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.

Copyright Business Wire 2010

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