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.

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

Gabelli Equity Trust Announces Redemption of 5.45% Series J Cumulative Preferred Stock

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4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced.

Weekly Closed-End Fund Roundup: November 28, 2021

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Gabelli Dividend & Income Trust

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GDV provides exposure to large-cap equity positions mostly in the U.S., though the largest sector exposure is financials. The financial sector exposure should benefit if interest rates tick higher in the coming years.

Gabelli Dividend & Income Trust: 5.12% Distribution Yield, Steady Monthly Pay

GAB had conducted a rights offering earlier this year that saw the premium slide but has recently recovered to its higher level once again. The fund has a 10% managed distribution plan and, thanks to the solid returns this year, led to a recent distribution boost.

GAB: 10% Managed Distribution Plan Attracts Income Investors, Premium Is Climbing Higher

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 $0.18 per share cash distribution payable on December 17, 2021 to common stock shareholders of record on December 10, 2021. With this fourth quarter distribution, the total distributions from the Fund for 2021 would equate to $0.63 per share. The Fund paid distributions of $0.15 per share in each of the first, second, and

Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.18 Per Share

GAB carries a high distribution rate on a fairly vanilla portfolio; that's their appeal. Recently GAB closed out a rights offering - and as we typically see, the valuation has come down.

GAB: Tempting Distribution Yield, Potential Opportunity

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.

5 Best CEFs To Buy This Month (August 2021)

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which more than 26.2 million common shares will be issued, resulting in gross proceeds to the Fund of approximately $144 million. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by shareholders of record (“record date sha

Gabelli Equity Trust Rights Offering Oversubscribed Raising $144 Million

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For 2020 and now back in 2021, growth and technology ETFs have been the go-to funds for enhanced performance. But for CEFs, there's often an added twist or two that can make the funds either outperform or underperform their ETF benchmarks, often based simply on emotions and whims.

Equity CEFs: Are Rights Offerings In Growth And Technology CEFs Signaling A Top?

GAB is in the middle of a 10-for-1 transferable rights offering.

Gabelli Equity Trust: Rights Offering Analysis

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There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical.

Here Are The Dates You Need To Know For A Rights Offering

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) has approved a transferable rights offering which would allow the Fund's record date common shareholders to acquire additional shares of common stock (the “Offering”). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities. SUMMARY OF THE TERMS OF THE OFFERING E

Gabelli Equity Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms

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Developed-market (DM) household savings recorded a significant gain last year, with an increase equivalent to 10% of combined gross domestic product (GDP). This build-up is likely to bolster consumption as restrictions on economic and social activity are removed and pent-up demand unlocked.

Will Household Savings Provide An Upside Growth Surprise?

GAB is a fairly standard equity fund, though they pay a managed distribution targeting a minimum of 10% annually. After such a strong run from the lows of 2020, the fund has technically been covering its distribution for the last several years now.

GAB: High Yielding Equity Fund

The high market valuations have caused yields to go to incredibly low levels. GAB is able to generate a much more attractive 8.57% yield off of an equity portfolio.

GAB: A Solid Equity CEF But Price Is A Bit High

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Looking at addressing a question that comes up frequently about if a closed-end fund is right for you. Just because you have a high income portfolio, doesn't mean you can't achieve growth too through reinvestment.

Closed-End Funds Can Be A Fit For Any Investor

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Not all funds were forced to cut distributions during market panics. Today's list is of funds that have been paying the same or more regular distribution for a long time.

Closed-End Funds: These Funds Have Never Cut Distributions And Have An Inception Pre-2008

GAB has a 9.54% yield, but is it sustainable? Another article in a series looking beyond the yield.

Evaluating CEFs: A Look At GAB

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RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc., (NYSE: GBL) announces the appointment of Ian Lapey, Joseph Gabelli, Gustavo Pifano, Sara Wojda, Ashish Sinha and Hendi Susanto to the investment team of the Gabelli Equity Trust (NYSE:GAB) (the “Fund”) effective January 1, 2021. Commenting on the appointment, Mr. Gabelli said, “We are delighted to have our teammates join the Gabelli Equity Trust team. They all have excellent foundations in Gabelli research, which will make them valuable additio

Gabelli Equity Trust Appoints Additional Teammates as Portfolio Managers

Barnes Group

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Closed-end funds are a 'wrapper' for other assets, not an asset class themselves. Funds utilizing leverage can benefit upside, but can also increase maximum drawdowns.

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CEFs offer higher dividends or distributions due to different strategies and using sources other than income for funding the distribution. Today is a brief crash course for newer CEF investors into why this is possible for CEFs.

Introductory: How CEFs Make Outsized Distributions

I wonder how many shareholders of the Gabelli Equity Trust (GAB) and the Gabelli Multimedia Trust (GGT) realize how lucky they were today. Because based on both GAB's and GGT's 10% NAV distribution policies, both funds should have had dramatically reduced distributions when declared on Friday, Nov. 13.

Equity CEFs: Count Yourself Lucky If You Own GAB Or GGT

News for Gabelli Equity Trust ETF (GAB)