GAB: Managed Minimum 10% Distribution Rate Out Of Equities [Seeking Alpha]
Gabelli Equity Trust, Inc. (The) (GAB)
US:NYSE Investor Relations:
gabelli.com/funds/products/-111.html
Company Research
Source: Seeking Alpha
More patient investors could still yet be likely to look for a deeper discount on this fund to make it a more enticing prospect. GAB has a minimum 10% managed distribution policy, which is the main draw for income investors. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. We had previously touched on Gabelli Equity Trust ( NYSE: GAB ) last year; at that time, we also discussed Liberty All-Star Equity ( USA ). We were recapping how our previous swap idea trade we highlighted worked out successfully. Since then, GAB has not done too much in terms of total returns during that period. This was largely due to the fund's premium coming down even further. In that update, GAB was still sporting around a 7% premium, and today, it's now at a very narrow discount. For that reason, it's looking like a much better opportunity today. Ultimately, thoug
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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