Key Developments: Gabelli Equity Trust Inc (GAB)

GAB on New York Consolidated

6.88USD
26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Gabelli Equity Trust Inc declares quarterly distribution of $0.19 per share
Thursday, 20 Nov 2014 05:15pm EST 

Gabelli Equity Trust Inc:Declares a $0.19 per share cash distribution.Payable on Dec. 19 to common stock shareholders of record on Dec. 12.  Full Article

Gabelli Equity Trust concludes rights offering
Tuesday, 21 Oct 2014 05:30pm EDT 

Gabelli Equity Trust:Says completion of its transferable rights offering in which more than 27.4 mln shares of common stock will be issued, totaling about $157 mln.Pursuant to the Offer, the Fund issued one transferable right for each share of common stock of the Fund to stockholders of record (record date stockholders) as of Sept. 19, 2014.Holders of Rights were entitled to purchase one share of common stock by submitting seven Rights and $5.75 per share.Offer expires on Oct. 20, 2014 and the Rights no longer trade on the NYSE.Preliminary results indicate that the Fund received total subscriptions of about $214 mln for 136 pct of the 27,405,612 shares available to be issued pursuant to the primary subscription.  Full Article

Gabelli Equity Trust Inc authorizes rights offering
Friday, 22 Aug 2014 08:30am EDT 

Gabelli Equity Trust Inc:Approved transferable rights offering which would allow Fund's record date common shareholders to acquire additional shares of common stock.Proceeds from offering would allow fund to take advantage of new investment opportunities without having to reduce existing holdings.Under proposed offering, each shareholder would receive one right for each share of common stock held on record date.Subscription price is expected to be below Fund's market price at time of offering.  Full Article

Gabelli Equity Trust Inc declares third quarter distribution of $0.15 Per Share
Thursday, 21 Aug 2014 03:25pm EDT 

Gabelli Equity Trust Inc:Reaffirmed its 10 pct distribution policy and declared a $0.15 per share cash distribution.Payable on Sept. 23, 2014 to common stock shareholders of record on Sept. 16, 2014.  Full Article

Gabelli Equity Trust Inc declares second quarter distribution
Wednesday, 14 May 2014 04:10pm EDT 

Gabelli Equity Trust Inc:Declared a $0.15 per share cash distribution.Payable on June 23 to common stock shareholders of record on June 16.  Full Article

Gabelli Equity Trust Inc raises first quarter 2014 distribution
Thursday, 27 Feb 2014 10:00am EST 

Gabelli Equity Trust Inc:Raises first quarter 2014 Distribution to $0.15 Per Share from $0.14 Per Share.Payable on March 24 to common stock shareholders of record on March 17.  Full Article

Gabelli Equity Trust Inc Declares Fourth Quarter Distribution of $0.20 Per Share
Thursday, 21 Nov 2013 09:35am EST 

Gabelli Equity Trust Inc announced that it reaffirmed its 10% distribution policy and declared a $0.20 per share cash distribution payable on December 19, 2013 to common stock shareholders of record on December 13, 2013. With this fourth quarter distribution, the total distributions from the Fund would equate to $0.62 per share for 2013, an increase from total distributions paid in 2012 of $0.56 per share. The Fund paid distributions of $0.14 per share in each of the first, second, and third quarters of 2013. Additionally, the Board of Directors authorized an increase of the cash distribution to $0.15 per share from $0.14 per share for the first quarter of 2014.  Full Article

Gabelli Equity Trust Inc Reaffirms 10% Distribution Policy And Declares Third Quarter Distribution Of $0.14 Per Share
Thursday, 22 Aug 2013 12:10pm EDT 

Gabelli Equity Trust Inc reaffirmed its 10% distribution policy and declared a $0.14 per share cash distribution payable on September 23, 2013 to common stock shareholders of record on September 16, 2013.  Full Article

Gabelli Equity Trust Inc Declares First Quarter Distribution of $0.14 Per Share
Thursday, 28 Feb 2013 03:06pm EST 

Gabelli Equity Trust Inc announced that it reaffirmed its 10% distribution policy and declared a $0.14 per share cash distribution payable on March 21, 2013 to common stock shareholders of record on March 14, 2013.  Full Article

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