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.
The Gabelli Equity Trust Inc. (NYSE: GAB) is a diversified, closed-end management investment company focused on long-term growth of capital, with income as a secondary objective. This news page compiles company-issued announcements and market communications related to the fund’s operations, policies, and capital structure.
Recent news for The Gabelli Equity Trust has centered on its 10% distribution policy and the declaration of recurring quarterly cash distributions on its common shares. The Board of Directors regularly announces whether it has reaffirmed this policy and specifies the per-share distribution amount, record dates, and payment dates. These releases also describe how distributions may be sourced from net investment income, net capital gains, or return of capital, and they outline how the fund allocates these components on a book basis over the year.
Another key category of news involves the fund’s capital structure and preferred stock. The Gabelli Equity Trust has reported on a tender offer for its Series C and Series E Auction Rate Cumulative Preferred Stock, including the cash consideration per preferred share and the treatment of accrued and unpaid dividends for shares accepted in the offer. These items are tied to a tender offer statement on Schedule TO filed with the SEC.
Investors and observers can use this news stream to follow developments in the fund’s distribution policy, the estimated tax character of distributions, and Board decisions affecting common and preferred shareholders. Regularly reviewing these updates can help users understand how the fund is implementing its stated objectives and managing its equity-based investment strategy over time.
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The Gabelli Equity Trust Inc. (NYSE:GAB) has declared a cash distribution of $0.15 per share, reaffirming its 10% distribution policy. This distribution will be payable on March 24, 2023, to shareholders of record on March 17, 2023. The Fund aims to meet a minimum annual distribution equating to 10% of its average net asset value. The Board of Directors will continue reviewing distribution levels based on net asset values and market conditions. Notably, distributions may be treated as long-term capital gains, significant for tax implications. Current projections indicate the 2023 distributions are fully derived from paid-in capital.
The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of
The Gabelli Equity Trust Inc. (NYSE:GAB) has declared a cash distribution of
The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of
The Board of Directors of The Gabelli Equity Trust (NYSE:GAB) has declared a cash distribution of
The Gabelli Equity Trust (NYSE: GAB) announced the redemption of its 5.45% Series J Cumulative Preferred Stock, effective January 31, 2022. Investors will receive $25.132465 per share, which includes accumulated dividends. This stock will no longer be considered outstanding post-redemption. Additionally, the Fund is conducting a private placement for its new 4.25% Series M Cumulative Preferred Stock to finance this redemption. As of now, the Gabelli Equity Trust manages approximately $2.3 billion in net assets, focusing on long-term capital growth.
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