|Bid||6.93 x 3200|
|Ask||6.94 x 3200|
|Day's Range||6.91 - 6.96|
|52 Week Range||5.29 - 7.57|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||2.64|
|Forward Dividend & Yield||0.60 (8.57%)|
|Ex-Dividend Date||Sep 15, 2021|
|1y Target Est||N/A|
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RYE, N.Y., August 19, 2021--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on September 23, 2021 to common stock shareholders of record on September 16, 2021.
RYE, N.Y., July 15, 2021--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") is pleased to announce the completion of its transferable rights offering (the "Offering" or "Offer") in which more than 26.2 million common shares will be issued, resulting in gross proceeds to the Fund of approximately $144 million.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has approved a transferable rights offering which would 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, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.