Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
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.
confermato la sua politica di distribuzione del 10% e ha dichiarato una distribuzione in contante di $0,15 per azione per il terzo trimestre, che sarà pagata il 23 settembre 2024. La distribuzione si basa sul valore medio netto degli attivi del Fondo negli ultimi quattro trimestri solari. Il Consiglio di Amministrazione esamina le potenziali distribuzioni su base trimestrale, considerando il reddito, i guadagni di capitale realizzati e il capitale disponibile.
Per le distribuzioni del 2024, circa il 4% proviene da reddito da investimenti netti, il 20% da guadagni di capitale netti e il 76% è considerato un rimborso di capitale. La politica di distribuzione del Fondo mira a soddisfare i requisiti minimi di distribuzione per le società di investimento regolate. Gli azionisti dovrebbero notare che il tasso di distribuzione non riflette il rendimento da dividendi del Fondo o il ritorno totale, e la politica può essere modificata dal Consiglio in qualsiasi momento.
reafirmado su política de distribución del 10% y ha declarado una distribución en efectivo de $0.15 por acción para el tercer trimestre, pagadera el 23 de septiembre de 2024. La distribución se basa en el valor promedio de los activos netos del Fondo durante los últimos cuatro trimestres calendario. La Junta Directiva revisa las distribuciones potenciales trimestralmente, considerando los ingresos, las ganancias de capital realizadas y el capital disponible.
Para las distribuciones de 2024, aproximadamente el 4% proviene de ingresos netos de inversiones, el 20% de ganancias de capital netas, y el 76% se considera un retorno de capital. La política de distribución del Fondo tiene como objetivo satisfacer los requisitos mínimos de distribución para las empresas de inversión reguladas. Los accionistas deben tener en cuenta que la tasa de distribución no refleja el rendimiento por dividendos del Fondo ni el rendimiento total, y la política puede ser modificada por la Junta en cualquier momento.
가벨리 에퀴티 트러스트 주식회사 (NYSE:GAB)는 10% 배당 정책을 재확인했습니다와 함께 주당 $0.15의 현금 배당금을 선언했습니다. 이는 2024년 9월 23일 지급될 예정입니다. 배당금은 최근 4개의 회계 분기 동안의 기금 평균 순자산 가치를 기준으로 합니다. 이사회는 수익, 실현된 자본 이득 및 사용 가능한 자본을 고려하여 분기마다 배당금을 검토합니다.
2024년 배당금의 경우, 약 4%는 순투자소득, 20%는 순자본이득, 76%는 자본 환급으로 간주됩니다. 기금의 배당 정책은 규제 투자 회사의 최소 배당 요건을 충족하는 것을 목표로 합니다. 주주들은 배당률이 기금의 배당 수익률이나 총 수익을 반영하지 않으며, 정책은 언제든지 이사회의 결정으로 변경될 수 있음을 유념해야 합니다.
La Gabelli Equity Trust Inc. (NYSE:GAB) a réaffirmé sa politique de distribution de 10% et a déclaré une distribution en espèces de 0,15 $ par action pour le troisième trimestre, payable le 23 septembre 2024. La distribution est fondée sur la valeur nette moyenne des actifs du Fonds sur les quatre derniers trimestres civils. Le Conseil d'administration examine les distributions potentielles chaque trimestre, en tenant compte des revenus, des gains en capital réalisés et du capital disponible.
Pour les distributions de 2024, environ 4 % proviennent des revenus nets d'investissement, 20 % des gains en capital nets et 76 % sont considérés comme un retour de capital. La politique de distribution du Fonds vise à satisfaire aux exigences minimales de distribution pour les sociétés d'investissement réglementées. Les actionnaires doivent noter que le taux de distribution ne reflète pas le rendement des dividendes du Fonds ou le rendement total, et que la politique peut être modifiée par le Conseil à tout moment.
Die Gabelli Equity Trust Inc. (NYSE:GAB) hat ihre 10%-Verteilungspolitik bekräftigt und eine Barausschüttung von $0,15 pro Aktie für das dritte Quartal erklärt, die am 23. September 2024 zahlbar ist. Die Ausschüttung basiert auf dem durchschnittlichen Nettovermögen des Fonds über die letzten vier Kalenderquartale. Der Vorstand überprüft vierteljährlich die möglichen Ausschüttungen unter Berücksichtigung von Einnahmen, realisierten Kapitalgewinnen und verfügbarem Kapital.
Bei den Ausschüttungen für 2024 stammen etwa 4% aus Nettoinvestitionseinkommen, 20% aus Netto-Kapitalgewinnen und 76% werden als Kapitalrückgabe angesehen. Die Ausschüttungspolitik des Fonds zielt darauf ab, die Mindestverteilungsvorgaben für regulierte Investmentgesellschaften zu erfüllen. Die Aktionäre sollten beachten, dass der Ausschüttungsgrad nicht die Dividendenrendite oder die Gesamtrendite des Fonds widerspiegelt und die Politik jederzeit vom Vorstand geändert werden kann.
- Consistent 10% distribution policy maintained
- $0.15 per share cash distribution declared for Q3 2024
- 20% of distributions come from net capital gains
- 76% of distributions deemed return of capital, potentially reducing shareholder cost basis
- Only 4% of distributions from net investment income
- Distribution policy subject to modification, no guarantee of continuity
Insights
The reaffirmation of Gabelli Equity Trust's 10% distribution policy and the declaration of a
The tax implications of this distribution are complex and potentially favorable for investors. With only
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its
The Fund intends to pay a minimum annual distribution of
Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2024 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Molly Marion
(914) 921-5681
About The Gabelli Equity Trust
The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with
NYSE – GAB
CUSIP – 362397101
THE GABELLI EQUITY TRUST INC.
Investor Relations Contact:
Molly Marion
(914) 921-5681
mmarion@gabelli.com
FAQ
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