Gabelli Equity Trust: A 5.00% Preferred Stock IPO From This CEF [Seeking Alpha]
Gabelli Equity Trust, Inc. (The) (GAB)
US:NYSE Investor Relations:
gabelli.com/funds/products/-111.html
Company Research
Source: Seeking Alpha
Summary Overview of Gabelli Equity Trust's new Series K preferred stock. Brief view of all "The Gabelli CEF" preferred stocks. Comparison with the main fixed income benchmark. Comparison with all other investment-grade preferred stocks with a fixed-rate distribution. Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest preferred stock issued by GAB The New Issue Before we submerge into our brief analysis, here is a link to the 497 Filing by Gabelli Equity Trust Source: SEC.gov For a total of 4M shares issued, the total gross proceeds to the company are $100M. You can find some relevant information about the new preferred stock in the table below: Author's spreadsheet Gabelli Equity Trust Inc. 5.00% Series K Cumulative Preferred Stock GAB-K Standard & Poor's, Moody's Investors Service Here is the product's Yield-to-Cal
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GAB
News
- BXSY: Monster Discount That Continues To Grow [Seeking Alpha]Seeking Alpha
- GAB: Managed Minimum 10% Distribution Rate Out Of Equities [Seeking Alpha]Seeking Alpha
- Plenty Of Money [Seeking Alpha]Seeking Alpha
- Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per ShareGlobeNewswire
- Fund manager of $2 billion portfolio unveils 9 favorite stocks [Yahoo! Finance]Yahoo! Finance
GAB
Sec Filings
- 4/3/24 - Form DEFR14A
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- GAB's page on the SEC website