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”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities. Each shareholder will receive one transferable right (the “Right”) for each share of common stock held on the record date (March 2, 2026). The number of Rights to be issued to a shareholder as of the close of business on the record date will be rounded up to the nearest number of Rights evenly divisible by ten. 10 Rights plus $5.50 (the “Subscription Price”) will be required to purchase one additional share of common stock (the “Primary Subscription”). The purchase price will be payable in cash. Fractional shares will not be issued upon the exercise of Rights. The Rights are expected to trade “when issued” on the New York Stock Exchange beginning on February 27, 2026, and the Fund’s shares of common stock are expected to trade “Ex-Rights” on the New York Stock Exchange beginning on March 2, 2026. The Rights are expected to begin trading for normal settlement on the New York Stock Exchange (NYSE: GAB RT) on or about March 5, 2026.
The Offering expires at 5:00 PM Eastern Time on April 14, 2026, unless extended. Rights may be exercised at any time during the subscription period.
