Welcome to our dedicated page for Gabelli Equity Trust news (Ticker: GAB), a resource for investors and traders seeking the latest updates and insights on Gabelli Equity Trust stock.
Gabelli Equity Trust Inc. (NYSE: GAB) provides investors with a focused approach to long-term capital growth through equity investments across multiple sectors. This news hub aggregates all material developments for this closed-end fund, including earnings announcements, portfolio adjustments, and strategic initiatives.
Access timely updates on GAB's investments in financial services, consumer products, and healthcare sectors. Track management's research-driven decisions through press releases detailing asset allocation changes and dividend declarations. Our curated feed ensures you never miss regulatory filings or market-moving disclosures.
Key updates include quarterly earnings reports, NAV calculations, share repurchase programs, and sector-specific investment thesis explanations. Bookmark this page for direct access to primary source materials and analysis of GAB's position within the investment trust landscape.
The Gabelli Equity Trust (NYSE:GAB) has reaffirmed its 10% distribution policy and declared a quarterly cash distribution of $0.15 per share, payable on March 24, 2025, to shareholders of record on March 17, 2025. The distribution aims to maintain a minimum annual rate of 10% of the Fund's average net asset value or meet IRS requirements for regulated investment companies.
The current distribution composition includes approximately 4% from net capital gains and 84% as return of capital on a book basis. The Board of Directors reviews potential distributions quarterly, considering income, realized capital gains, and available capital. The distribution policy may be modified, and distributions can be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate for individuals.
The Gabelli Equity Trust (NYSE:GAB) has reaffirmed its 10% distribution policy and declared a Q4 cash distribution of $0.15 per share, payable December 20, 2024. This brings the total 2024 distributions to $0.60 per share, exceeding the 10% policy requirement of $0.53 based on average NAV. The distribution comprises approximately 4% from net investment income, 20% from net capital gains, and 76% return of capital. The Fund's NAV fluctuated between $5.15 and $5.51 during 2024, and the Board has chosen to distribute $0.07 more than required by the policy.
The Gabelli Equity Trust Inc. (NYSE:GAB) has reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution for the third quarter, payable on September 23, 2024. The distribution is based on the average net asset value of the Fund over the last four calendar quarters. The Board of Directors reviews potential distributions quarterly, considering income, realized capital gains, and available capital.
For 2024 distributions, approximately 4% comes from net investment income, 20% from net capital gains, and 76% is considered a return of capital. The Fund's distribution policy aims to satisfy minimum distribution requirements for regulated investment companies. Shareholders should note that the distribution rate doesn't reflect the Fund's dividend yield or total return, and the policy may be modified by the Board at any time.
The Board of Directors of Gabelli Equity Trust (NYSE:GAB) reaffirmed its 10% distribution policy by declaring a $0.15 per share cash distribution, payable on June 21, 2024, to shareholders of record on June 13, 2024. The Fund aims to pay a minimum annual distribution of 10% of its average net asset value within a calendar year. This policy is subject to modification by the Board at any time. The distribution may consist of income, capital gains, or return of capital. In 2024, distributions are estimated to include 2% from net investment income, 14% from net capital gains, and 84% return of capital. Shareholders will be notified of the tax treatment in early 2025.
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