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.
The Gabelli Equity Trust Inc. (symbol: GAB) is a non-diversified closed-end management investment company focused on achieving long-term capital growth, with income as a secondary objective. Established with an aim to deliver robust returns, the Fund invests primarily in equity securities under normal market conditions. Its diversified equity portfolio comprises common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities.
Managed by Gamco Investors, Inc. (NYSE: GBL), a well-established provider of investment advisory services, The Gabelli Equity Trust leverages the firm's research-driven approach and proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. This strategic approach has been instrumental in identifying undervalued companies with potential catalysts that may unlock shareholder value.
The Fund's investments span various sectors, providing broad exposure to industries such as Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services. This diversified allocation helps mitigate risks while capitalizing on growth opportunities across different market segments.
Recent achievements highlight the Fund's commitment to shareholder value. The Gabelli Equity Trust continues to perform robustly, driven by strategic sector allocations and adept stock selections. Investors seeking a blend of growth and income have found the Fund's performance and strategic direction appealing. For the latest updates and developments, investors can reach out to Investor Relations Contact: Molly Marion at (914) 921-5681 or mmarion@gabelli.com.
With a history of astute investment management and a solid track record, The Gabelli Equity Trust Inc. remains a significant player in the closed-end management investment industry, aimed at delivering long-term value to its investors.
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.
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.
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