Gabelli Equity Trust Concludes 2017 Rights Offering Heavily Oversubscribed
Gabelli Equity Trust, Inc. (The) (GAB)
US:NYSE Investor Relations:
gabelli.com/funds/products/-111.html
Company Research
Source: Business Wire
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
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GAB
Sec Filings
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- 3/14/24 - Form N-CEN
- GAB's page on the SEC website