Gabelli Equity Trust Stock Price, News & Analysis

The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of $0.15 per share, payable on December 16, 2022, to shareholders of record on December 9, 2022. This brings the total distribution for 2022 to $0.60 per share, exceeding the 10% distribution policy based on the average net asset value. The Fund will continue to monitor distributions in light of market conditions. It emphasizes that distributions might be considered returns of capital and may not reflect the Fund's overall investment performance.

The Gabelli Equity Trust Inc. (NYSE:GAB) has declared a cash distribution of $0.15 per share, payable on September 23, 2022, to shareholders recorded on September 16, 2022. This is part of the Fund's commitment to a minimum annual distribution of 10% of its average net asset value. Shareholders should note that distributions exceeding earnings may be considered a return of capital, potentially impacting their tax liability. The Fund currently manages $2.1 billion in total net assets and is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of $0.15 per share, reaffirming its 10% distribution policy. Payments will be made on June 23, 2022 to shareholders on record by June 15, 2022. The fund aims to maintain a minimum annual distribution of 10% based on the average net asset value. Distributions may include long-term capital gains, qualified dividends, and return of capital. Investors are advised the distribution rate does not reflect total return, and all tax implications will be communicated in early 2023.

The Board of Directors of The Gabelli Equity Trust (NYSE:GAB) has declared a cash distribution of $0.15 per share, payable on March 24, 2022, to shareholders of record as of March 17, 2022. The Fund maintains a policy of distributing a minimum of 10% of its average net asset value annually. This distribution may be treated as long-term capital gain or return of capital. Currently, the Fund has total net assets of $2.4 billion, focusing on long-term capital growth.

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.

The Gabelli Equity Trust (NYSE:GAB) has announced the initial closing of a private placement for its 4.25% Series M Cumulative Preferred Stock. The proceeds will be used to redeem the Fund's 5.45% Series J Preferred Stock. The Series M Preferred is set to begin quarterly distributions on March 26, 2022, and it has a liquidation preference of $100 per share, with a non-callable period until March 26, 2027. Gabelli Equity Trust, managed by Gabelli Funds, LLC, has total net assets of $2.2 billion, focusing on long-term capital growth.

The Gabelli Equity Trust (NYSE: GAB) has announced the redemption of all Series J Cumulative Preferred Stock, effective January 31, 2022. The redemption price is $25.132465 per share, which includes accumulated dividends. After the redemption date, the Series J Preferred shares will no longer be outstanding, and dividends will cease to accumulate. The shares, rated 'A1' by Moody's, have an annual dividend rate of $1.3625 and were originally issued at $25.00 per share. Payments will be handled by Computershare Trust Company as the paying agent.

The Gabelli Equity Trust Inc. (NYSE:GAB) announced a cash distribution of $0.18 per share, payable on December 17, 2021, to shareholders of record as of December 10, 2021. This fourth quarter distribution raises total distributions for 2021 to $0.63 per share. The fund aims to maintain a minimum annual distribution of 10% of its average net asset value. The board continues to assess potential strategic opportunities in the equity markets while monitoring the fund's distribution levels.

The Gabelli Equity Trust (NYSE:GAB) has reaffirmed a 10% distribution policy, declaring a cash distribution of $0.15 per share on September 23, 2021, for shareholders on record by September 16, 2021. The Fund aims to distribute at least 10% of its average net asset value annually, which is subject to market fluctuations and the company's financial health. Importantly, some distributions may be classified as return of capital, affecting shareholders' tax obligations. Notably, in 2021, distributions comprised 5% net investment income, 33% net capital gains, and 62% return of capital.