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Stock impact report

Gabelli Equity Trust Announces Updated Rights Offering Price and Extends Expiration Date to April 21, 2026 [Yahoo! Finance]

Gabelli Equity Trust, Inc. (The) (GAB) 
US:NYSE Investor Relations: gabelli.com/funds/products/-111.html
Company Research Source: Yahoo! Finance
announced that is has updated the offering price of its previously announced Rights Offering (the “Offer”) and has extended the expiration date of the Offer. Under the updated terms of the Offer, the Subscription Price will be $5.00 per share, replacing the prior Subscription Price of $5.50. This revised price reflects current market conditions and investor feedback. In addition, the expiration date of the Offer has been extended to April 21, 2026, at 5:00 PM Eastern Time. As previously announced, ten Rights enable a shareholder to purchase one additional share of common stock. Record date shareholders who fully exercise their Primary Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata allotment, for any additional common shares not purchased pursuant to the Primary Subscription at the same Subscription Price. The Rights will continue to trade on the New York Stock Exch Show less Read more
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