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The Gabelli Equity Trust Inc. - $GAB STOCK NEWS

Welcome to our dedicated page for The Gabelli Equity Trust news (Ticker: $GAB), a resource for investors and traders seeking the latest updates and insights on The Gabelli Equity Trust stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Gabelli Equity Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Gabelli Equity Trust's position in the market.

News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share
Rhea-AI Summary
The Gabelli Equity Trust Inc. (GAB) reaffirmed its 10% distribution policy by declaring a $0.15 per share cash distribution, payable on March 21, 2024. The Fund aims to pay a minimum annual distribution of 10% of the average net asset value or as required by the IRS. Shareholders should be aware of tax implications and the possibility of returns of capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
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News
Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock
Rhea-AI Summary
The Gabelli Equity Trust Inc. (NYSE: GAB) has extended the expiration date of the tender offer for all of the Fund’s outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock to January 5, 2024. Owners of the Preferred Stock may tender their shares for cash in the amount of $22,500 per share, with accrued and unpaid dividends being paid in cash for accepted tenders. The offer is made pursuant to an offer on Schedule TO filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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none
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News
Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock
Rhea-AI Summary
The Gabelli Equity Trust Inc. (GAB) authorizes a tender offer for all outstanding Series C and Series E Auction Rate Cumulative Preferred Stock. The Offer expires on December 20, 2023, with a cash amount of $22,500 per share. Holders may also receive accrued and unpaid dividends. The Offer is detailed in the Offer to Purchase and related documents filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
GAB - Gabelli Equity Trust Inc. (NYSE:GAB) Declares $0.15 Per Share Cash Distribution, Reaffirming 10% Distribution Policy. The Board of Directors has declared a $0.15 per share cash distribution payable on December 22, 2023, to common stock shareholders of record on December 15, 2023, reaffirming its 10% distribution policy. The total distributions for 2023 would equate to $0.60 per share. The Board intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year. This announcement reflects the Fund's commitment to consistent distributions and adherence to regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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none
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News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
The Gabelli Equity Trust Inc. reaffirms 10% distribution policy with a $0.15 per share cash distribution payable on September 22, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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none
News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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none
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News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
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News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
none
Stock GAB logo
The Gabelli Equity Trust Inc.

NYSE:GAB

GAB Rankings

#2075 Ranked by Market Cap
#3011 Ranked by Stock Gains
#130 Ranked by Dividends

GAB Stock Data

1.62B
291.80M
0.57%
7.52%
0.06%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
Rye

About GAB

gamco investors, inc. (nyse:gbl) is a well-established provider of investment advisory services to open and closed-end funds, institutional, and private wealth management investors. since mario j. gabelli founded the firm in 1977, gamco has been recognized for its research driven approach to equity investing and our proprietary private market value (pmv) with a catalyst™ stock selection strategy. as of december 31, 2016, the company has $39.7 billion aum, 95% of which is invested in equities, principally through our two registered investment advisers: gamco asset management inc. (“institutional and private wealth management”) and gabelli funds, llc (“funds”). g.distributors, llc (“g.distributors”) acts as an underwriter and distributor for our open-end funds.