Gabelli Equity Trust

GAB

Market cap $1.8B

Gabelli Equity Trust (NYSE:GAB) has paid a steady $0.15 quarterly dividend for years, which at a recent share price of roughly $5.7 translates to an annualized yield near 10.6%.

Gabelli Equity Trust has reduced its rights offering subscription price to $5.00 per share and extended the expiration to April 21, 2026. The fixed-dollar subscription structure means rights are valuable when GAB trades above $5.00; the offering is now economically attractive. Shareholders who previously exercised rights through brokers must resubscribe at the new $5.00 price due to the terms change.

A closed-end management name focusing on long-term capital, Gabelli Equity Trust (NYSE:GAB) has committed to paying at least 10% of its average net asset value annually since its inception in 1986, a policy that yields roughly 10.5% at current prices.

Gabelli Equity Trust (NYSE:GAB) has paid quarterly distributions without interruption since 1986 and currently yields roughly 11% at current share prices.

We review the CEF market valuation and performance through the first week of April and highlight recent market action. Closed-end funds rebounded, with discounts tightening to historic averages as all sectors finished in the green except MLPs. Gabelli Equity CEF launched an unusual 10:1 rights offering with a fixed subscription price, later reduced to $5, causing discount widening.

I know uncertainty is the word on everyone's mind these days, but is this level of terror actually justified?

GREENWICH, Conn., March 31, 2026 (GLOBE NEWSWIRE) -- The Gabelli Equity Trust (NYSE: GAB) (the “Fund”) today announced that is has updated the offering price of its previously announced Rights Offering (the “Offer”) and has extended the expiration date of the Offer.

Gabelli Equity Trust has launched a rights offering with a fixed $5.50 subscription price per share, requiring 10 rights for each new share. The economic benefit of subscribing depends on GAB's share price at expiry; subscription is only attractive if the price exceeds $5.50. Rights holders should monitor GAB's share price closely; if it falls below $5.50, selling rights may be prudent as subscription becomes uneconomical.

Shareholders Received Total Return of 27.32% in 2025 Reaffirms 10% Distribution Policy of $0.60 Per Share Annually Announces Rights Offering for Common Shares RYE, N.Y., Feb. 17, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust (NYSE: GAB) (the “Fund”) reaffirmed the Fund's distribution policy of paying $0.60 per share annually, and has approved a transferable rights offering which will allow the Fund's record date common shareholders to acquire additional shares of common stock (the “Offering”).

RYE, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 24, 2026 to common stock shareholders of record on March 17, 2026.