×
0 0 0 0 0 0 0 0
Stockreport

Gabelli Equity Trust Concludes 2017 Rights Offering Heavily Oversubscribed

GABELLI EQUITY TRUST COMMON (GAB)  More Company Research Source: Business Wire
US:NYSE Investor Relations: gabelli.com/funds/products/-111.html
PDF RYE, N.Y.--(BUSINESS WIRE)-- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which more than 31.5 million common shares will be issued, resulting in proceeds to the Fund of approximately $173.3 million. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each common share of the Fund to shareholders of record (record date shareholders) as of November 6, 2017. Holders of Rights were entitled to purchase common shares by submitting seven Rights and $5.50 for each share to be purchased (the subscription price). The Offer expired at 5:00 PM Eastern Time on December 12, 2017 and the Rights no longer trade on the New York Stock Exchange. Preliminary results indicate that the Fund received total subscriptions of approximately $284 million (including o [Read more]

IMPACT SNAPSHOT EVENT TIME: GAB
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
GAB alerts
from News Quantified
Opt-in for
GAB alerts

from News Quantified
Opt-in for
GAB alerts

from News Quantified