Welcome to our dedicated page for Gabelli Equity Trust news (Ticker: GAB), a resource for investors and traders seeking the latest updates and insights on 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 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.
The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of
The Gabelli Equity Trust Inc. (NYSE:GAB) has declared a cash distribution of
The Gabelli Equity Trust Inc. (NYSE:GAB) declared a cash distribution of
The Board of Directors of The Gabelli Equity Trust (NYSE:GAB) has declared a cash distribution of
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
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.
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