Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share
Posted on Wednesday February 14, 2024
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 re
Fund manager of $2 billion portfolio unveils 9 favorite stocks
Posted on Monday February 12, 2024
Macrae Sykes, a portfolio manager for Gabelli Funds, discusses top stocks in an interview with TheStreet.
Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock
Posted on Monday December 11, 2023
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 f
Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock
Posted on Wednesday November 22, 2023
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
