GABELLI EQUITY TRUST INC

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.

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.