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Gabelli Equity Trust Inc (The) | Series G Cumulative Preferred Stock (GAB.PRG)

Prospectus excerpt:  One transferable subscription right (a “Right”) will be issued for each share of Series F Preferred outstanding on the record date. Rights are expected to trade through the NASDAQ Capital Market (“NASDAQ”). The Rights will allow Series F Preferred shareholders to subscribe for new Series G Preferred of the Fund. 5,850,402 shares of Series F Preferred are outstanding as of June 20, 2012. One Right will be required to purchase one Series G Preferred. An over-subscription privilege will be offered. 5,850,402 shares of Series G Preferred will be issued if all Rights are exercised. Additional shares of Series G Preferred will be issued if the over-subscription privilege is exercised. See “Terms of the Rights Offering.”

Full Prospectus PDF », GAB Page »

Series:G
Alternate symbology:GAB-G, GAB-PG, GABprG
Redeemable?:Yes
Call Date:8/1/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5,850,402
Liquidation Preference:$25
Recent Market Price:$25.02
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.02 (0.08%)
Annualized Dividend:1.25
Recent Ex-Date:9/18/2019
Current Yield:5.00%
Original Coupon:First twelve months beginning on the date of issuance at 6.00%, and thereafter 5.00%
Pay Period:Quarterly
Pay Dates:26-Mar, 26-Jun, 26-Sep, 26-Dec
The Gabelli Equity Trust is registered as a non-diversified, closed-end management investment company. The Fund's primary objective is long-term growth of capital. As of Dec. 31, 2016, the Fund's total assets were $1,698,701,228 and the Fund's investment portfolio was valued at $1,694,688,765.

Preferreds: GAB.PRD, GAB.PRF, GAB.PRG, GAB.PRH, GAB.PRJ


Open the GAB Information Page »
Name:  Gabelli Equity Trust Inc (The)
Website:  www.gabelli.com
Sector:  Investment Companies & Venture Capital

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