Exhibit 1.1

The Gabelli Multimedia Trust Inc.

AMENDMENT NO. 1
to

SALES AGREEMENT

Dated April 17, 2025

Common Stock

Par Value $0.001 Per Share

October 10, 2025

G. Rearch, LLC
One Corporate Center
Rye, New York 10580

Ladies and Gentlemen:

The Gabelli Multimedia Trust Inc. (the “Fund”), a Maryland corporation, Gabelli Funds, LLC, a New York limited liability company (the “Investment Adviser”) and G.research, LLC (the “Sales Manager”), as agent, previously entered into that certain Sales Agreement, dated April 17, 2025 (the “Original Agreement”), in connection with the issuance and sale of as much as $22,350,000 aggregate value of common stock, par value $0.001 per share (the “Common Shares”), or 5,000,000 Common Shares, of the Fund. This Amendment No. 1 to the Sales Agreement (this “Amendment”) amends certain provisions of the Original Agreement, subject to the execution and delivery by the parties hereto of this Amendment. Capitalized terms not defined herein shall have the meanings assigned to them in the Original Agreement.

In consideration of the premises and of the mutual covenants and agreements contained herein and in the Original Agreement, the Fund, the Investment Adviser and the Sales Manager hereby agree that the Original Agreement be amended as follows:

The Maximum Amount of Common Shares shall be $44,700,000, or 10,000,000 Common Shares. The Fund agrees to issue and sell through the Sales Manager, as agent, and the Sales Manager agrees to sell, as agent for the Fund, on a best efforts basis up to the Maximum Amount of the Common Shares during the term of the Sales Agreement, as amended hereby, on the terms set forth in the Original Agreement, as amended or supplemented from time to time.

If the foregoing correctly sets forth the understanding among the Fund, the Investment Adviser and the Sales Manager, please so indicate in the space provided below, whereupon this Amendment and your acceptance shall constitute a binding agreement among the Fund, the Investment Adviser and the Sales Manager.

	Sincerely,

	THE GABELLI MULTIMEDIA TRUST INC.

	/s/ John C. Ball
	By:	John C. Ball
	Title:	President

	GABELLI FUNDS, LLC

	/s/ John C. Ball
	By:	John C. Ball
	Title:	Chief Operating Officer

Accepted and agreed to as of
the date first above written, on behalf of itself

G.research, LLC

/s/ Vincent Amabile
By:	Vincent Amabile
Title:	Chief Executive Officer

GABELLI MULTIMEDIA TRUST INC. 8-K