StockWatch
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Investment Managers
DividendMay 13, 2026, 10:15 AM

Gabelli Equity Trust Declares $0.15/Share Cash Distribution

AI Summary

The Gabelli Equity Trust Inc. declared a $0.15 per share cash distribution, payable on June 23, 2026, to shareholders of record on June 15, 2026. This action reaffirms and satisfies the Fund's 10% distribution policy, which aims to pay a minimum annual distribution of 10% of the average net asset value. The Fund noted that estimated 2026 distributions would comprise approximately 3% from net investment income, 17% from net capital gains, and 80% as a return of capital on a book basis, with final tax determinations made at year-end.

Key Highlights

  • Gabelli Equity Trust declared a $0.15 per share cash distribution.
  • Distribution payable on June 23, 2026, to shareholders of record on June 15, 2026.
  • Fund reaffirmed its 10% annual distribution policy based on average net asset value.
  • Estimated 2026 distributions include 3% from net investment income.
  • Estimated 2026 distributions include 17% from net capital gains.
  • Estimated 2026 distributions include 80% deemed a return of capital on a book basis.