Gabelli Equity Trust

Gabelli Equity Trust, Inc. is a non-diversified closed-end management investment company. Its primary objective is long term growth of capital with income as a secondary objective. The fund will invest at least 80% of its assets in equity securities under normal market conditions. The company was founded on May 20, 1986 and is headquartered in Rye, NY.

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.

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

The Gabelli Equity Trust offers a high 10.68% yield but has underperformed the S&P 500 and its peers over the past five years. The GAB closed-end fund's high yield raises concerns about potential distribution cuts, especially given its reliance on unrealized capital gains. Despite its attractive yield, the fund's higher expenses and leverage, coupled with poor performance, make it less appealing than its peers.

GAB: Risks Abound For This Underperforming Equity CEF

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.

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

Gabelli Equity Trust was undervalued ten months ago and has outperformed since. Current market conditions with stretched valuations make it a hold rather than a buy. GAB has shifted towards mid-cap stocks with a lower P/E ratio compared to the S&P 500. While the fund has benefited from recent rallies in the financial sector, this is seen as a temporary trend. The fund's value tilt is also a positive.

GAB: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)

There are three very clear signs the stock-market bull will keep stampeding. Let's dive into them, then talk about two discounted funds set to ride those gains (and pay us rich dividends up to 11.4% in the process).

This Huge 11% Dividend Is Perfect For This ‘Naysayer's Market'

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.

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

GAB is currently trading at a slight discount, making it a more attractive candidate than our previous update. More patient investors could still yet be likely to look for a deeper discount on this fund to make it a more enticing prospect. GAB has a minimum 10% managed distribution policy, which is the main draw for income investors.

GAB: Managed Minimum 10% Distribution Rate Out Of Equities

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.

Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share

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.

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., 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”).

Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock

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.

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

Gabelli Equity Trust is an equity closed-end fund focused on long-term capital growth with income as a secondary objective. The fund seeks undervalued companies with above-average growth potential. GAB has historically closely tracked the returns of the S&P 500, with an impressive track record. The fund is currently trading at a low premium to its net asset value after breaching its usual range in 2022.

GAB: Multi-Year Lows In The Premium For This Equity CEF

Liberty All Star Equity Fund

The swap between Gabelli Equity and Liberty All-Star Equity funds has proven successful for investors, with USA significantly outperforming on a total return basis. Both funds are now trading at similar valuations, with the performance difference likely to come from the underlying portfolio rather than convergence in valuations. Despite the success of the swap, neither fund is considered a strong buy candidate at this time due to both still trading above their longer-term historical discount levels.

GAB And USA: The Results After Making A Swap

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In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.

The Month In Closed-End Funds: June 2023

GAB: A Solid CEF That Beat The Market Last Year, But An Expensive One.

GAB: A Solid CEF That Beat The Market Last Year, But An Expensive One

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Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

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A recent Bloomberg story, for example, said we'd need $3 million saved to clock out comfortably!

3 Clicks To A 12% Dividend (With Big Upside This Year)

RYE, N.Y.--(BUSINESS WIRE)--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, 2023 to common stock shareholders of record on March 17, 2023.

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

GAB has outperformed equity CEF benchmarks over the past year. We like the fund for its differentiated exposure beyond S&P 500 companies including through some international stocks.

GAB: Bullish On One Of The Best High-Yield Income Equity CEFs

GAB's top investments are part of its portfolio for a very long time. During this period, these stocks were able to generate high price growth. High total return and consistent double-digit yield generated by GAB makes it a very good investment option for income-seeking investors.

GAB: Despite 15% Price Loss, This High-Yielding CEF Isn't Undervalued

GAB's premium has come down, and USA has outperformed, as suggested could happen earlier this year. The overall equity decline and managed distribution make it an interesting income play.

GAB: Premium Comes Down To A More Interesting Level

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0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

Closed-end funds aren't always everything they're cracked up to be.

The Hidden Secret Behind These High-Yield Passive Income Favorites

Liberty All-Star Growth Fund

Thanks to the selloff, it's possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago.

This 3-Fund Portfolio Pays $5,000 Every Month

GAB continues to push to higher premiums since our previous update. USA is an attractive alternative if you must be in a 10% managed distribution plan.

News for Gabelli Equity Trust ETF (GAB)