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Gabelli Equity Trust Inc (The) | Series G Cumulative Preferred Stock (GAB.PRG)
Prospectus excerpt: One transferable subscription right (a ÙRightˆ) 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 (ÙNASDAQˆ). 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 ÙTerms of the Rights Offering.ˆ Full Prospectus PDF », Secondary 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: | $25.00 | Recent Market Price: | $21.82 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-3.18 (-12.72%) | Annualized Dividend: | 1.25 | Recent Ex-Date: | 3/18/2024 | Current Yield: | 5.73% | 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 | CDx3 Compliance Rating: |
Learn GAB.PRG's Rating
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