Gabelli Equity Trust CIO Mario Gabelli recovering; succession plan implemented

Mario J. Gabelli, Trustee, Chairman, and Chief Investment Officer of Gabelli Equity Trust, was hospitalized on March 19, 2026, after a medical incident. His condition is improving, but his return timeline is uncertain. In response, GAMCO Investors, Inc., the parent company of the Fund's adviser, implemented its succession plan, naming Christopher J. Marangi as President of GAMCO on March 22, 2026. Day-to-day operations will be led by co-CEO Douglas R. Jamieson and Christopher J. Marangi, with Kevin V. Dreyer and Christopher J. Marangi co-leading the Fund's portfolio management team during Mr. Gabelli's absence.