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    Gabelli Equity Trust Inc.

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    $GAB
    Investment Managers
    Finance

    The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.

    IPO Year: 1986

    Exchange: NYSE

    Website: gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=

    Recent Analyst Ratings for Gabelli Equity Trust Inc.

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    Gabelli Equity Trust Inc. Press Releases

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    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 24, 2025 to common stock shareholders of record on March 17, 2025. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      2/13/25 11:22:32 AM ET
      $GAB
      Investment Managers
      Finance
    • Discount Doctor to Visit United Kingdom in Support of Investment Trusts

      RYE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- David Schachter, Senior Vice President of GAMCO Investors, Inc., will visit the United Kingdom to convey support for the British investment trust industry. With over 40 years of experience exclusively with retail, long term, closed-end fund investors, Mr. Schachter, a most senior and experienced veteran of the U.S. Closed End Fund industry, was recently given the title of Discount Doctor by the Trustees of The GAMCO Natural Resources, Gold & Income Trust (GNT), which trades on the NYSE. Mr. Schachter said, "The way I see it, the United States owes a debt to the British Investment Trust Industry, which helped build our railroads in the 1800s. L

      1/28/25 3:34:25 PM ET
      $BCV
      $ECF
      $GAB
      $GCV
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.60 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment compa

      11/14/24 8:22:29 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four p

      8/23/24 7:58:36 AM ET
      $GAB
      Investment Managers
      Finance
    • GAMCO Natural Resources, Gold & Income Trust Announcing New Initiative For Fund Support

      RYE, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- The GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (the "Fund"), announced today new marketing initiatives and support to strengthen the dialogue with shareholders and investors and gain increased recognition of the Fund. David Schachter, Senior Vice President of GAMCO Investors, Inc., has extensive closed-end fund sales, marketing, and administrative expertise acquired during his 40 year career in closed-end funds. For the past twenty-five years, he has been Vice President of the Gabelli Utility Trust, a position he will continue to hold. Prior to joining Gabelli in 1998, Mr. Schachter worked for Thomas J. Herzfeld Advisors, a recogni

      8/1/24 8:51:42 AM ET
      $BCV
      $ECF
      $GAB
      $GCV
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share

      RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 21, 2024 to common stock shareholders of record on June 13, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      5/16/24 9:37:02 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share

      RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 21, 2024 to common stock shareholders of record on March 14, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      2/14/24 9:11:30 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock

      RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has extended the expiration date of the tender offer (the "Offer") for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the "Preferred Stock") to January 5, 2024. Under the terms of the Offer owners of the Preferred Stock may tender their Preferred Stock for cash in the amount of $22,500 for each share of Preferred Stock validly tendered and not withdrawn pursuant to the Offer. For holders that tender Preferred Stock accepted for tender, all accrued and unpaid dividends on such Pref

      12/11/23 5:04:00 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock

      RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has authorized a tender offer (the "Offer") for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the "Preferred Stock"). Under the terms of the Offer, which expires December 20, 2023, owners of the Preferred Stock may tender their Preferred Stock for cash in the amount of $22,500 for each share of Preferred Stock validly tendered and not withdrawn pursuant to the Offer.   For holders that tender Preferred Stock accepted for tender, all accrued and unpaid dividends on such Preferred S

      11/22/23 4:52:17 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 22, 2023 to common stock shareholders of record on December 15, 2023. With this fourth quarter distribution, the total distributions from the Fund for 2023 would equate to $0.60 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment compani

      11/16/23 8:43:19 AM ET
      $GAB
      Investment Managers
      Finance

    Gabelli Equity Trust Inc. Large Ownership Changes

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    • SEC Form SC 13G/A filed by Gabelli Equity Trust Inc. (Amendment)

      SC 13G/A - GABELLI EQUITY TRUST INC (0000794685) (Subject)

      1/31/24 3:48:16 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed

      SC 13G/A - GABELLI EQUITY TRUST INC (0000794685) (Subject)

      2/1/21 2:20:02 PM ET
      $GAB
      Investment Managers
      Finance

    Gabelli Equity Trust Inc. Insider Purchases

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    • Control Person of Adviser Gabelli Mario J bought $1,175,000 worth of Series N Cumulative Preferred Shares (11,750 units at $100.00), increasing direct ownership by 235% to 16,750 units (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      6/28/24 4:26:35 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Mario J bought $6,000,000 worth of Series N Cumulative Preferred Shares (60,000 units at $100.00) (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      3/1/24 4:54:40 PM ET
      $GAB
      Investment Managers
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    • Ball John Chester bought $251 worth of shares (47 units at $5.33) (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      2/22/24 3:10:13 PM ET
      $GAB
      Investment Managers
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    Gabelli Equity Trust Inc. Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • New insider Nakamura Eileen Cheigh claimed ownership of 8,179 shares (SEC Form 3)

      3 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      3/13/25 2:40:25 PM ET
      $GAB
      Investment Managers
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    • Control Person of Adviser Gabelli Mario J sold $28,655 worth of shares (5,000 units at $5.73) (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      11/26/24 3:12:06 PM ET
      $GAB
      Investment Managers
      Finance
    • Control Person of Adviser Gabelli Mario J bought $1,175,000 worth of Series N Cumulative Preferred Shares (11,750 units at $100.00), increasing direct ownership by 235% to 16,750 units (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      6/28/24 4:26:35 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Mario J bought $6,000,000 worth of Series N Cumulative Preferred Shares (60,000 units at $100.00) (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      3/1/24 4:54:40 PM ET
      $GAB
      Investment Managers
      Finance
    • Ball John Chester bought $251 worth of shares (47 units at $5.33) (SEC Form 4)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      2/22/24 3:10:13 PM ET
      $GAB
      Investment Managers
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    • SEC Form 3 filed by new insider Linehan Laura

      3 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      11/30/22 3:42:07 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form 4: Mullady Agnes bought $1,042 worth of shares (150 units at $6.95)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      2/18/22 2:52:54 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form 4: Alpert Bruce N disposed of $207,800 worth of Series J Cumulative Preferred Shares (8,312 units at $25.00), closing all direct ownership in the company

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      2/2/22 6:48:45 PM ET
      $GAB
      Investment Managers
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    • SEC Form 4: Gabelli Mario J bought $6,000,000 worth of Series M Cumulative Preferred Stock (60,000 units at $100.00)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      12/21/21 8:21:41 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form 4: Nakamura Kuni bought $300,000 worth of Series M Cumulative Preferred Stock (3,000 units at $100.00)

      4 - GABELLI EQUITY TRUST INC (0000794685) (Issuer)

      12/21/21 6:51:03 PM ET
      $GAB
      Investment Managers
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    Gabelli Equity Trust Inc. SEC Filings

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    • SEC Form DEFA14A filed by Gabelli Equity Trust Inc.

      DEFA14A - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      3/20/25 12:41:51 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form DEF 14A filed by Gabelli Equity Trust Inc.

      DEF 14A - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      3/20/25 12:23:54 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form N-CEN filed by Gabelli Equity Trust Inc.

      N-CEN - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      3/14/25 9:03:31 AM ET
      $GAB
      Investment Managers
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    • SEC Form N-CSR filed by Gabelli Equity Trust Inc.

      N-CSR - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      3/10/25 5:24:37 PM ET
      $GAB
      Investment Managers
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    • SEC Form POS EX filed by Gabelli Equity Trust Inc.

      POS EX - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      11/15/24 3:48:19 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form N-CSRS filed by Gabelli Equity Trust Inc.

      N-CSRS - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      9/6/24 4:12:03 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form N-PX filed by Gabelli Equity Trust Inc.

      N-PX - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      8/30/24 12:31:01 PM ET
      $GAB
      Investment Managers
      Finance
    • Amendment: SEC Form N-CSR/A filed by Gabelli Equity Trust Inc.

      N-CSR/A - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      8/1/24 5:10:10 PM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form NPORT-P filed by Gabelli Equity Trust Inc.

      NPORT-P - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      5/30/24 11:13:30 AM ET
      $GAB
      Investment Managers
      Finance
    • SEC Form N-23C-2 filed by Gabelli Equity Trust Inc.

      N-23C-2 - GABELLI EQUITY TRUST INC (0000794685) (Filer)

      5/24/24 4:22:27 PM ET
      $GAB
      Investment Managers
      Finance

    Gabelli Equity Trust Inc. Financials

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    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 24, 2025 to common stock shareholders of record on March 17, 2025. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      2/13/25 11:22:32 AM ET
      $GAB
      Investment Managers
      Finance
    • Discount Doctor to Visit United Kingdom in Support of Investment Trusts

      RYE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- David Schachter, Senior Vice President of GAMCO Investors, Inc., will visit the United Kingdom to convey support for the British investment trust industry. With over 40 years of experience exclusively with retail, long term, closed-end fund investors, Mr. Schachter, a most senior and experienced veteran of the U.S. Closed End Fund industry, was recently given the title of Discount Doctor by the Trustees of The GAMCO Natural Resources, Gold & Income Trust (GNT), which trades on the NYSE. Mr. Schachter said, "The way I see it, the United States owes a debt to the British Investment Trust Industry, which helped build our railroads in the 1800s. L

      1/28/25 3:34:25 PM ET
      $BCV
      $ECF
      $GAB
      $GCV
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.60 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment compa

      11/14/24 8:22:29 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four p

      8/23/24 7:58:36 AM ET
      $GAB
      Investment Managers
      Finance
    • GAMCO Natural Resources, Gold & Income Trust Announcing New Initiative For Fund Support

      RYE, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- The GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (the "Fund"), announced today new marketing initiatives and support to strengthen the dialogue with shareholders and investors and gain increased recognition of the Fund. David Schachter, Senior Vice President of GAMCO Investors, Inc., has extensive closed-end fund sales, marketing, and administrative expertise acquired during his 40 year career in closed-end funds. For the past twenty-five years, he has been Vice President of the Gabelli Utility Trust, a position he will continue to hold. Prior to joining Gabelli in 1998, Mr. Schachter worked for Thomas J. Herzfeld Advisors, a recogni

      8/1/24 8:51:42 AM ET
      $BCV
      $ECF
      $GAB
      $GCV
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share

      RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 21, 2024 to common stock shareholders of record on June 13, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      5/16/24 9:37:02 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share

      RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 21, 2024 to common stock shareholders of record on March 14, 2024. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding

      2/14/24 9:11:30 AM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock

      RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has extended the expiration date of the tender offer (the "Offer") for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the "Preferred Stock") to January 5, 2024. Under the terms of the Offer owners of the Preferred Stock may tender their Preferred Stock for cash in the amount of $22,500 for each share of Preferred Stock validly tendered and not withdrawn pursuant to the Offer. For holders that tender Preferred Stock accepted for tender, all accrued and unpaid dividends on such Pref

      12/11/23 5:04:00 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock

      RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has authorized a tender offer (the "Offer") for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the "Preferred Stock"). Under the terms of the Offer, which expires December 20, 2023, owners of the Preferred Stock may tender their Preferred Stock for cash in the amount of $22,500 for each share of Preferred Stock validly tendered and not withdrawn pursuant to the Offer.   For holders that tender Preferred Stock accepted for tender, all accrued and unpaid dividends on such Preferred S

      11/22/23 4:52:17 PM ET
      $GAB
      Investment Managers
      Finance
    • Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share

      RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 22, 2023 to common stock shareholders of record on December 15, 2023. With this fourth quarter distribution, the total distributions from the Fund for 2023 would equate to $0.60 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment compani

      11/16/23 8:43:19 AM ET
      $GAB
      Investment Managers
      Finance