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., 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

RYE, N.Y., Aug. 25, 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 September 22, 2023 to common stock shareholders of record on September 15, 2023.

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

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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The Month In Closed-End Funds: June 2023

RYE, N. Y., May 18, 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 June 23, 2023 to common stock shareholders of record on June 15, 2023.

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

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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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

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 December 16, 2022 to common stock shareholders of record on December 9, 2022. With this fourth quarter distribution, the total distributions from the Fund for 2022 would equate to $0.60 per share.

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

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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.

GAB: Playing With Fire, USA A Worthwhile Swap Candidate

GAB is now over an 18.5% premium, a significant leap higher from our previous update.

GAB: Premium Is Too Stretched Now

RYE, NY--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Gabelli Equity Trust (NYSE: GAB) (the “Fund”) authorized the redemption of all of its 5.45% Series J Cumulative Preferred Stock (the “Series J Preferred”). The redemption date is January 31, 2022 (the “Redemption Date”), and the redemption price is $25.132465 (the “Redemption Price”) per Series J Preferred, which is equal to the liquidation preference of $25.00 per share plus $0.132465 per share representing accumulated and u

Gabelli Equity Trust Announces Redemption of 5.45% Series J Cumulative Preferred Stock and Ongoing Closing of Private Placement of 4.25% Series M Cumulative Preferred Stock

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust (NYSE:GAB) (the “Fund”) is pleased to announce the initial closing of a private placement of shares of 4.25% Series M Cumulative Preferred Stock (“Series M Preferred”). The Fund expects to use the proceeds from the offering to redeem the Fund's outstanding 5.45% Series J Cumulative Preferred Stock. The Series M Preferred is non-callable until March 26, 2027, and has a liquidation preference of $100 per share. Distrib

Gabelli Equity Trust Announces Initial Closing of Private Placement of 4.25% Series M Cumulative Preferred Stock

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust (NYSE: GAB) (the “Fund”) authorized the redemption of all of its 5.45% Series J Cumulative Preferred Stock (the “Series J Preferred”). The redemption date is January 31, 2022 (the “Redemption Date”), and the redemption price is $25.132465 (the “Redemption Price”) per Series J Preferred, which is equal to the liquidation preference of $25.00 per share plus $0.132465 per share representing accumulated and unpaid divide

News for Gabelli Equity Trust ETF (GAB)