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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.