The Gabelli Multimedia Trust Inc. (GGT) NPORT-P Gabelli Multimedia Trust Inc. (Sep 2021 report)

1

The

Gabelli

Multimedia

Trust

Inc.

Schedule

of

Investments

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

90.8%

DISTRIBUTION

COMPANIES

 —

54.1%

Broadcasting

 —

9.0%

10,000‌

Asahi

Broadcasting

Group

Holdings

Corp.

$

66,670‌

19,893‌

Beasley

Broadcast

Group

Inc.,

Cl. A†

....

52,915‌

6,400‌

Chubu-Nippon

Broadcasting

Co.

Ltd.

...

32,950‌

16,500‌

Cogeco

Inc.

.....................

1,175,036‌

35,000‌

Corus

Entertainment

Inc.,

OTC,

Cl. B

....

156,100‌

230,000‌

Corus

Entertainment

Inc.,

Toronto,

Cl. B

.

1,031,423‌

26,000‌

Discovery

Inc.,

Cl. A†

..............

659,880‌

138,000‌

Discovery

Inc.,

Cl. C†

..............

3,349,260‌

30,000‌

Fox

Corp.,

Cl. A

...................

1,203,300‌

28,000‌

Fox

Corp.,

Cl. B

...................

1,039,360‌

81,000‌

Grupo

Radio

Centro

SAB

de

CV,

Cl. A†

..

14,088‌

30,000‌

iHeartMedia

Inc.,

Cl. A†

.............

750,600‌

15,000‌

Informa

plc†

....................

111,039‌

244,000‌

ITV

plc†

........................

350,464‌

4,000‌

Lagardere

SA†

...................

105,827‌

8,000‌

Liberty

Broadband

Corp.,

Cl. A†

.......

1,346,800‌

45,800‌

Liberty

Broadband

Corp.,

Cl. C†

.......

7,909,660‌

19,000‌

Liberty

Media

Corp.-

Liberty

SiriusXM,

Cl. A†

...........

896,230‌

81,361‌

Liberty

Media

Corp.-

Liberty

SiriusXM,

Cl. C†

...........

3,862,207‌

68,566‌

Media

Prima

Berhad†

..............

8,025‌

4,000‌

Nexstar

Media

Group

Inc.,

Cl. A

.......

607,840‌

25,000‌

Nippon

Television

Holdings

Inc.

.......

283,706‌

4,000‌

NRJ

Group

......................

27,893‌

3,000‌

RTL

Group

SA

...................

179,486‌

92,000‌

Sinclair

Broadcast

Group

Inc.,

Cl. A

.....

2,914,560‌

33,000‌

TBS

Holdings

Inc.

.................

508,513‌

69,000‌

TEGNA

Inc.

.....................

1,360,680‌

30,000‌

Television

Broadcasts

Ltd.†

..........

23,701‌

22,000‌

Television

Francaise

1

..............

216,866‌

240,000‌

TV

Azteca

SAB

de

CV†

..............

9,778‌

30,254,857‌

Business

Services

 —

1.7%

6,000‌

Carlisle

Support

Sevices

Group

Ltd.†(a)

.

647‌

4,000‌

Fluent

Inc.†

.....................

9,080‌

6,000‌

Impellam

Group

plc†

...............

32,337‌

13,700‌

S&P

Global

Inc.

..................

5,820,993‌

5,863,057‌

Cable

 —

9.5%

11,000‌

AMC

Networks

Inc.,

Cl. A†

...........

512,490‌

300‌

Cable

One

Inc.

...................

543,939‌

3,800‌

Charter

Communications

Inc.,

Cl. A†

....

2,764,728‌

35,000‌

Cogeco

Communications

Inc.

.........

3,110,374‌

143,000‌

Comcast

Corp.,

Cl. A

...............

7,997,990‌

44,000‌

Liberty

Global

plc,

Cl. A†

............

1,311,200‌

190,177‌

Liberty

Global

plc,

Cl. C†

............

5,602,614‌

19,400‌

MultiChoice

Group

................

147,084‌

Shares

Market

Value

100,000‌

Rogers

Communications

Inc.,

New

York,

Cl. B

.........................

$

4,664,000‌

90,000‌

Shaw

Communications

Inc.,

New

York,

Cl. B

.........................

2,613,600‌

4,000‌

Telenet

Group

Holding

NV

...........

152,717‌

135,000‌

WideOpenWest

Inc.†

...............

2,652,750‌

32,073,486‌

Computer

Software

and

Services

 —

0.9%

7,000‌

CyrusOne

Inc.,

REIT

...............

541,870‌

17,500‌

SolarWinds

Corp.

.................

292,775‌

2,000‌

Tencent

Holdings

Ltd.,

ADR

..........

118,541‌

6,000‌

Zoom

Video

Communications

Inc.,

Cl. A†

1,569,000‌

20,000‌

Zuora

Inc.,

Cl. A†

.................

331,600‌

2,853,786‌

Consumer

Services

 —

1.9%

50,000‌

Bollore

SA

......................

289,877‌

150‌

Cie

de

L'Odet

SE

..................

208,503‌

800‌

Expedia

Group

Inc.†

...............

131,120‌

25,500‌

IAC/InterActiveCorp.†

..............

3,322,395‌

140,000‌

Liberty

TripAdvisor

Holdings

Inc.,

Cl. A†

.

432,600‌

213,000‌

Qurate

Retail

Inc.,

Cl. A

.............

2,170,470‌

6,554,965‌

Copyright/Creativity

Companies

 —

0.4%

22,500‌

Ubisoft

Entertainment

SA†

...........

1,352,142‌

Diversified

Industrial

 —

0.3%

27,000‌

Bouygues

SA

....................

1,122,789‌

6,000‌

Malaysian

Resources

Corp.

Berhad

.....

566‌

1,123,355‌

Entertainment

 —

10.6%

85,000‌

Borussia

Dortmund

GmbH

&

Co.

KGaA†

.

474,182‌

17,000‌

GAN

Ltd.†

......................

252,790‌

470,000‌

Grupo

Televisa

SAB,

ADR

............

5,160,600‌

170,500‌

Liberty

Media

Acquisition

Corp.†

......

1,761,265‌

45,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. A†

.............

1,210,950‌

114,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. C†

.............

3,011,880‌

8,000‌

Liberty

Media

Corp.-

Liberty

Formula

One,

Cl. A†

........

376,400‌

33,000‌

Liberty

Media

Corp.-

Liberty

Formula

One,

Cl. C†

........

1,696,530‌

4,000‌

M6

Metropole

Television

SA

..........

83,216‌

40,020‌

Madison

Square

Garden

Entertainment

Corp.†

.......................

2,908,253‌

28,500‌

Madison

Square

Garden

Sports

Corp.†

..

5,299,575‌

21,000‌

Naspers

Ltd.,

Cl. N

................

3,476,026‌

6,500‌

Netflix

Inc.†

.....................

3,967,210‌

25,000‌

Reading

International

Inc.,

Cl. A†

......

126,500‌

8,200‌

Reading

International

Inc.,

Cl. B†

......

186,058‌

2

The

Gabelli

Multimedia

Trust

Inc.

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

DISTRIBUTION

COMPANIES

(Continued)

Entertainment

(Continued)

4,000‌

Roku

Inc.†

......................

$

1,253,400‌

50,000‌

Sirius

XM

Holdings

Inc.

.............

305,000‌

23,500‌

Take-Two

Interactive

Software

Inc.†

....

3,620,645‌

550,000‌

Wow

Unlimited

Media

Inc.†(b)(c)

......

412,522‌

35,583,002‌

Equipment

 —

1.2%

7,200‌

Amphenol

Corp.,

Cl. A

..............

527,256‌

56,018‌

Corning

Inc.

.....................

2,044,097‌

35,000‌

Flex

Ltd.†

.......................

618,800‌

6,000‌

QUALCOMM

Inc.

.................

773,880‌

3,964,033‌

Financial

Services

 —

2.6%

15,000‌

Caribbean

Investment

Holdings

Ltd.†

...

7,478‌

5,000‌

Conx

Corp.†

.....................

50,200‌

1,500‌

Jardine

Matheson

Holdings

Ltd.

.......

79,560‌

34,500‌

Kinnevik

AB,

Cl. A†

................

1,355,661‌

25,000‌

Kinnevik

AB,

Cl. B†

................

882,842‌

5,000‌

LendingTree

Inc.†

.................

699,150‌

95,000‌

Orascom

Financial

Holding

SAE†

......

1,499‌

20,200‌

PayPal

Holdings

Inc.†

..............

5,256,242‌

35,500‌

Spartacus

Acquisition

Corp.,

Cl. A†

.....

359,615‌

9,000‌

VNV

Global

AB†

..................

108,048‌

14,000‌

Waterloo

Investment

Holdings

Ltd.†(a)

..

4,200‌

8,804,495‌

Food

and

Beverage

 —

0.3%

2,400‌

Pernod

Ricard

SA

.................

530,154‌

2,500‌

Remy

Cointreau

SA

................

485,059‌

1,015,213‌

Information

Technology

 —

0.7%

27,500‌

Prosus

NV

......................

2,197,651‌

Real

Estate

 —

1.6%

13,000‌

American

Tower

Corp.,

REIT

..........

3,450,330‌

3,000‌

Crown

Castle

International

Corp.,

REIT

..

519,960‌

5,500‌

Digital

Realty

Trust

Inc.,

REIT

.........

794,475‌

15,000‌

Midway

Investments†(a)

............

202‌

33,000‌

Radius

Global

Infrastructure

Inc.,

Cl. A†

.

538,890‌

5,303,857‌

Retail

 —

0.2%

200‌

Amazon.com

Inc.†

................

657,008‌

1,000‌

Best

Buy

Co.

Inc.

.................

105,710‌

762,718‌

Satellite

 —

3.1%

100,000‌

DISH

Network

Corp.,

Cl. A†

..........

4,346,000‌

74,000‌

EchoStar

Corp.,

Cl. A†

..............

1,887,740‌

10,000‌

Iridium

Communications

Inc.†

........

398,500‌

Shares

Market

Value

84,000‌

Loral

Space

&

Communications

Inc.

....

$

3,612,840‌

250,000‌

PT

Indosat

Tbk†

..................

116,157‌

3,000‌

SKY

Perfect

JSAT

Holdings

Inc.

.......

11,564‌

10,372,801‌

Telecommunications:

Long

Distance

 —

0.5%

35,000‌

AT&T

Inc.

.......................

945,350‌

15,000‌

BCE

Inc.

........................

751,421‌

4,203‌

TIM

SA,

ADR

....................

45,140‌

1,741,911‌

Telecommunications:

National

 —

4.3%

20,000‌

Deutsche

Telekom

AG

..............

403,013‌

50,000‌

Deutsche

Telekom

AG,

ADR

..........

1,007,500‌

14,000‌

Elisa

Oyj

.......................

869,875‌

2,000‌

Freenet

AG

......................

52,427‌

3,605‌

Hellenic

Telecommunications

Organization

SA

..........................

67,732‌

4,000‌

Itissalat

Al-Maghrib

................

63,014‌

50,000‌

Koninklijke

KPN

NV

................

157,246‌

62,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

......

810,960‌

92,909‌

Liberty

Latin

America

Ltd.,

Cl. C†

......

1,218,966‌

45,000‌

Lumen

Technologies

Inc.

............

557,550‌

1,000‌

Magyar

Telekom

Telecommunications

plc,

ADR

.........................

6,770‌

89,285‌

Megacable

Holdings

SAB

de

CV

.......

272,031‌

20,000‌

Nippon

Telegraph

&

Telephone

Corp.

....

554,383‌

5,000‌

Oi

SA,

ADR†

.....................

1,450‌

9,000‌

Orange

SA,

ADR

..................

97,470‌

22,000‌

PLDT

Inc.,

ADR

..................

716,540‌

6,000‌

Rostelecom

PJSC,

ADR

.............

43,800‌

13,000‌

Shenandoah

Telecommunications

Co.

...

410,540‌

22,000‌

Swisscom

AG,

ADR

................

1,265,220‌

10,000‌

Telecom

Argentina

SA,

ADR

..........

49,500‌

315,000‌

Telecom

Italia

SpA

................

123,840‌

20,000‌

Telefonica

Brasil

SA,

ADR

...........

155,200‌

195,000‌

Telefonica

SA,

ADR

................

918,450‌

140,000‌

Telekom

Austria

AG

................

1,209,781‌

55,000‌

Telesites

SAB

de

CV†

...............

47,349‌

15,172‌

Telia

Co.

AB

.....................

62,607‌

6,000‌

Telkom

Indonesia

Persero

Tbk

PT,

ADR

..

152,400‌

2,400‌

Telstra

Corp.

Ltd.,

ADR

.............

33,936‌

350,000‌

VEON

Ltd.,

ADR†

.................

728,000‌

44,000‌

Verizon

Communications

Inc.

.........

2,376,440‌

14,433,990‌

Telecommunications:

Regional

 —

1.9%

123,000‌

Orange

Belgium

SA

................

2,766,904‌

90,500‌

Telephone

and

Data

Systems

Inc.

......

1,764,750‌

80,000‌

TELUS

Corp.

....................

1,756,800‌

6,288,454‌

Wireless

Communications

 —

3.4%

60,000‌

Altice

USA

Inc.,

Cl. A†

..............

1,243,200‌

3

The

Gabelli

Multimedia

Trust

Inc.

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

DISTRIBUTION

COMPANIES

(Continued)

Wireless

Communications

(Continued)

55,000‌

America

Movil

SAB

de

CV,

Cl. L,

ADR

...

$

971,850‌

26,000‌

Anterix

Inc.†

.....................

1,578,200‌

389,058‌

Jasmine

International

PCL

...........

32,886‌

33,500‌

Millicom

International

Cellular

SA,

SDR†

.

1,217,257‌

19,000‌

Orascom

Investment

Holding,

GDR

.....

494‌

34,000‌

SK

Telecom

Co.

Ltd.,

ADR†

..........

1,023,400‌

30,500‌

T-Mobile

US

Inc.†

.................

3,896,680‌

19,000‌

Turkcell

Iletisim

Hizmetleri

A/S,

ADR

....

82,650‌

32,000‌

United

States

Cellular

Corp.†

.........

1,020,480‌

25,000‌

Vodafone

Group

plc,

ADR

...........

386,250‌

11,453,347‌

TOTAL

DISTRIBUTION

COMPANIES

...

181,997,120‌

COPYRIGHT/CREATIVITY

COMPANIES

 —

36.7%

Business

Services

 —

0.1%

5,000‌

Scientific

Games

Corp.†

............

415,350‌

Business

Services:

Advertising

 —

1.9%

1,000‌

Boston

Omaha

Corp.,

Cl. A†

..........

38,780‌

190,000‌

Clear

Channel

Outdoor

Holdings

Inc.†

...

514,900‌

9,000‌

comScore

Inc.†

..................

35,100‌

20,000‌

JCDecaux

SA†

...................

531,451‌

24,400‌

Lamar

Advertising

Co.,

Cl. A,

REIT

.....

2,768,180‌

10,820‌

Magnite

Inc.†

....................

302,960‌

15,000‌

Ocean

Outdoor

Ltd.†

...............

132,750‌

1,500‌

Publicis

Groupe

SA

................

101,228‌

4,000‌

Ströeer

SE

&

Co.

KGaA

.............

330,362‌

50,000‌

The

Interpublic

Group

of

Companies

Inc.

.

1,833,500‌

6,589,211‌

Computer

Hardware

 —

2.9%

61,400‌

Apple

Inc.

......................

8,688,100‌

10,000‌

Dell

Technologies

Inc.,

Cl. C†

.........

1,040,400‌

9,728,500‌

Computer

Software

and

Services

 —

10.4%

46,000‌

Activision

Blizzard

Inc.

..............

3,559,940‌

4,000‌

Actua

Corp.†(a)

..................

40‌

4,200‌

Alphabet

Inc.,

Cl. A†

...............

11,228,784‌

800‌

Alphabet

Inc.,

Cl. C†

...............

2,132,248‌

38,500‌

eBay

Inc.

.......................

2,682,295‌

28,700‌

Facebook

Inc.,

Cl. A†

...............

9,740,493‌

35,000‌

Hewlett

Packard

Enterprise

Co.

........

498,750‌

4,000‌

Match

Group

Inc.†

................

627,960‌

10,000‌

Microsoft

Corp.

..................

2,819,200‌

33,000‌

Momentive

Global

Inc.†

.............

646,800‌

300‌

Red

Violet

Inc.†

..................

7,743‌

32,000‌

Vimeo

Inc.†

.....................

939,840‌

34,884,093‌

Shares

Market

Value

Consumer

Products

 —

1.0%

2,000‌

Johnson

Outdoors

Inc.,

Cl. A

.........

$

211,600‌

2,000‌

Nintendo

Co.

Ltd.

.................

975,965‌

35,500‌

Nintendo

Co.

Ltd.,

ADR

.............

2,103,375‌

3,290,940‌

Consumer

Services

 —

0.1%

1,400‌

Marriott

Vacations

Worldwide

Corp.

....

220,262‌

Electronics

 —

6.2%

67,000‌

IMAX

Corp.†

....................

1,271,660‌

7,000‌

Intel

Corp.

......................

372,960‌

3,509‌

Koninklijke

Philips

NV

..............

155,940‌

29,036‌

Micro

Focus

International

plc,

ADR

.....

157,956‌

15,000‌

Resideo

Technologies

Inc.†

..........

371,850‌

169,000‌

Sony

Group

Corp.,

ADR

.............

18,688,020‌

21,018,386‌

Entertainment

 —

5.7%

35,000‌

CuriosityStream

Inc.†

..............

368,900‌

79,200‌

GMM

Grammy

Public

Co.

Ltd.†

.......

31,366‌

6,000‌

Lions

Gate

Entertainment

Corp.,

Cl. B†

..

78,000‌

9,900‌

Live

Nation

Entertainment

Inc.†

.......

902,187‌

41,000‌

Manchester

United

plc,

Cl. A

.........

794,170‌

800‌

Spotify

Technology

SA†

.............

180,272‌

17,176‌

STV

Group

plc

...................

85,629‌

120,000‌

Tencent

Music

Entertainment

Group,

ADR†

870,000‌

48,300‌

The

Marcus

Corp.†

................

842,835‌

34,500‌

The

Walt

Disney

Co.†

..............

5,836,365‌

32,000‌

Universal

Entertainment

Corp.†

.......

726,861‌

50,000‌

Universal

Music

Group

NV†

..........

1,338,763‌

74,000‌

ViacomCBS

Inc.,

Cl. A

..............

3,113,180‌

18,000‌

ViacomCBS

Inc.,

Cl. B

..............

711,180‌

125,000‌

Vivendi

SE

......................

1,578,976‌

25,200‌

Warner

Music

Group

Corp.,

Cl. A

......

1,077,048‌

13,000‌

World

Wrestling

Entertainment

Inc.,

Cl. A

731,380‌

19,267,112‌

Financial

Services

 —

0.1%

50,000‌

Waverley

Capital

Acquisition

Corp.

1†

...

493,000‌

Hotels

and

Gaming

 —

4.7%

58,000‌

Boyd

Gaming

Corp.†

...............

3,669,080‌

300‌

Caesars

Entertainment

Inc.†

..........

33,684‌

1,800‌

Churchill

Downs

Inc.

...............

432,144‌

63,000‌

Entain

plc†

......................

1,808,076‌

800‌

Flutter

Entertainment

plc†

...........

158,239‌

30,000‌

Full

House

Resorts

Inc.†

............

318,300‌

15,000‌

Golden

Entertainment

Inc.†

..........

736,350‌

4,200‌

Greek

Organization

of

Football

Prognostics

SA

..........................

65,094‌

80,000‌

International

Game

Technology

plc†

....

2,105,600‌

7,400‌

Las

Vegas

Sands

Corp.†

............

270,840‌

4

The

Gabelli

Multimedia

Trust

Inc.

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

This

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(c)

At

September

30,

2021,

the

Fund

held

an

investment

in

a

restricted

and

illiquid

security

amounting

to

$412,522

or

0.12%

of

total

investments,

which

was

valued

under

methods

approved

by

the

Board

of

Trustees

as

follows:

(d)

At

September

30,

2021,

$600,000

of

the

principal

amount

was

pledged

as

collateral

for

current

or

potential

holdings.

†

Non-income

producing

security.

Shares

Market

Value

COMMON

STOCKS

(Continued)

COPYRIGHT/CREATIVITY

COMPANIES

(Continued)

Hotels

and

Gaming

(Continued)

170,000‌

Mandarin

Oriental

International

Ltd.†

...

$

355,300‌

29,000‌

Melco

Resorts

&

Entertainment

Ltd.,

ADR†

296,960‌

22,000‌

MGM

China

Holdings

Ltd.†

..........

13,678‌

28,000‌

MGM

Resorts

International

..........

1,208,200‌

4,000‌

Penn

National

Gaming

Inc.†

..........

289,840‌

35,000‌

Ryman

Hospitality

Properties

Inc.,

REIT†

.

2,929,500‌

14,500‌

Wynn

Resorts

Ltd.†

...............

1,228,875‌

15,919,760‌

Publishing

 —

1.9%

20,000‌

Arnoldo

Mondadori

Editore

SpA†

......

41,932‌

974,000‌

Bangkok

Post

plc†

................

31,665‌

15,000‌

Barnes

&

Noble

Education

Inc.†

.......

149,850‌

1,700‌

Graham

Holdings

Co.,

Cl. B

..........

1,001,572‌

600‌

John

Wiley

&

Sons

Inc.,

Cl. B

.........

31,398‌

6,000‌

Lee

Enterprises

Inc.†

...............

135,840‌

35,000‌

Meredith

Corp.†

..................

1,949,500‌

5,263‌

Nation

International

Edutainment

PCL†

..

607‌

1,000,000‌

Nation

Multimedia

Group

Public

Co.

Ltd.†

9,753‌

27,000‌

News

Corp.,

Cl. A

.................

635,310‌

28,500‌

News

Corp.,

Cl. B

.................

662,055‌

6,779‌

Novus

Holdings

Ltd.

...............

1,058‌

220,000‌

Singapore

Press

Holdings

Ltd.

........

317,573‌

63,000‌

The

E.W.

Scripps

Co.,

Cl. A

..........

1,137,780‌

1,800‌

Wolters

Kluwer

NV

................

190,947‌

6,296,840‌

Real

Estate

 —

1.7%

4,500‌

Equinix

Inc.,

REIT

.................

3,555,585‌

82,000‌

Outfront

Media

Inc.,

REIT

...........

2,066,400‌

5,621,985‌

TOTAL

COPYRIGHT/CREATIVITY

COMPANIES

..................

123,745,439‌

TOTAL

COMMON

STOCKS

.........

305,742,559‌

CLOSED-END

FUNDS

 —

0.0%

8,000‌

Altaba

Inc.,

Escrow†

...............

52,600‌

PREFERRED

STOCKS

 —

0.3%

DISTRIBUTION

COMPANIES

 —

0.3%

Broadcasting

 —

0.0%

5,500‌

Liberty

Broadband

Corp.,

Ser.

A,

7.000%

.

153,175‌

Consumer

Services

 —

0.3%

8,000‌

Qurate

Retail

Inc.,

8.000%,

03/15/31

....

865,200‌

TOTAL

DISTRIBUTION

COMPANIES

...

1,018,375‌

TOTAL

PREFERRED

STOCKS

........

1,018,375‌

Shares

Market

Value

RIGHTS

 —

0.0%

DISTRIBUTION

COMPANIES

 —

0.0%

Broadcasting

 —

0.0%

14,000‌

Media

General

Inc.,

CVR†(a)

.........

$

0‌

Entertainment

 —

0.0%

85,000‌

Borussia

Dortmund

GmbH

&

Co.

KGaA,

expire

10/06/21†

................

1,674‌

TOTAL

DISTRIBUTION

COMPANIES

...

1,674‌

TOTAL

RIGHTS

................

1,674‌

WARRANTS

 —

0.0%

DISTRIBUTION

COMPANIES

 —

0.0%

Financial

Services

 —

0.0%

25,000‌

Spartacus

Acquisition

Corp.,

expire

10/31/27†

.....................

40,000‌

Real

Estate

 —

0.0%

600‌

Malaysian

Resources

Corp.

Berhad,

expire

10/29/27†

.....................

12‌

TOTAL

DISTRIBUTION

COMPANIES

...

40,012‌

TOTAL

WARRANTS

..............

40,012‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

8.9%

$

29,815,000‌

U.S.

Treasury

Bills,

0.017%

to

0.050%††,

10/07/21

to

03/24/22(d)

...................

29,813,141‌

TOTAL

INVESTMENTS

—

100.0%

....

(Cost

$257,520,127)

.............

$

336,668,361‌

Acquisition

Shares

Issuer

Acquisition

Date

Acquisition

Cost

09/30/21

Carrying

Value

Per

Share

550,000

Wow

Unlimited

Media

Inc.

........

05/05/18

-

10/01/19

$535,492

$0.7500

5

The

Gabelli

Multimedia

Trust

Inc.

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

CVR

Contingent

Value

Right

GDR

Global

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

SDR

Swedish

Depositary

Receipt

Geographic

Diversification

%

of

Total

Investments

Market

Value

North

America

......................

77.7‌

%

$

261,501,432‌

Europe

..............................

10.9‌

36,554,458‌

Japan

...............................

7.1‌

23,952,006‌

Latin

America

.......................

2.0‌

6,752,343‌

Asia/Pacific

.........................

1.2‌

4,218,948‌

South

Africa

.........................

1.1‌

3,624,167‌

Africa/Middle

East

...................

0.0‌

*

65,007‌

Total

Investments

...................

100.0‌%

$

336,668,361‌

*

Amount

represents

less

than

0.05%.