Gabelli Equity Trust Announces Rights Offering and Reaffirms 10% Distribution Policy

The Gabelli Equity Trust has reaffirmed its annual distribution policy of $0.60 per share and announced a transferable rights offering to allow record date common shareholders to acquire additional shares. Shareholders will receive one transferable right for each share held on the record date, with 10 rights and $5.50 required to purchase one additional share. The rights will begin trading on February 27, and the offering will expire on April 14.