The Gabelli Equity Trust Inc. is a closed-end investment fund that primarily seeks to generate long-term growth of capital by investing in a diversified portfolio of equity securities
The company focuses on identifying undervalued companies with strong fundamentals, aiming to provide investors with attractive returns over time. Through its investment strategies, Gabelli Equity Trust also emphasizes the importance of thorough research and analysis to uncover investment opportunities across various sectors and industries. In addition to its core equity investments, the fund may also utilize various financial instruments to enhance returns and manage risk.
GREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Closed-End – David Schachter, Senior Vice President of Gabelli Funds, will travel to the United Kingdom to visit selected investment trusts.
RYE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- David Schachter, Senior Vice President of GAMCO Investors, Inc., will visit the United Kingdom to convey support for the British investment trust industry.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (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.
Tuesday's morning session saw 173 companies set new 52-week highs.
Significant Points:
The largest company by market cap to hit a new 52-week high was JPMorgan...
This morning 792 companies reached new 52-week highs.
Points of Interest:
JPMorgan Chase (NYSEJPM) was the largest company by market cap to set a new 52-week high.
The...
On Friday morning, 152 companies hit new 52-week highs.
Things to Consider:
The largest company by market cap to hit a new 52-week high was ASML Holding (NASDAQ:...
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (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.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 23, 2022 to common stock shareholders of record on June 15, 2022.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 24, 2022 to common stock shareholders of record on March 17, 2022.
The Board of Directors (the “Board”) 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 (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.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (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.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (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.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSEGAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 23, 2021 to common stock shareholders of record on June 16, 2021.
