Articles from The Gabelli Equity Trust

The Board of Directors of The Gabelli Equity Trust (NYSEGAB) (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 Board of Directors of The Gabelli Equity Trust (NYSEGAB) (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 dividends and distributions to the Redemption Date.

The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (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 third quarters of 2021.

The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (the “Fund”) reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on September 23, 2021 to common stock shareholders of record on September 16, 2021.