Gabelli Equity Trust Rights Offering Oversubscribed by $117 Million Raising $155 Million
Gabelli Equity Trust, Inc. (The) (GAB)
US:NYSE Investor Relations:
gabelli.com/funds/products/-111.html
Company Research
Source: GlobeNewswire
RYE, N.Y., April 22, 2026 (GLOBE NEWSWIRE) -- 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 31.1 million common shares will be issued, resulting in gross proceeds to the Fund of approximately $155 million. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by shareholders of record (“record date shareholders”) as of March 2, 2026. Holders of Rights were entitled to purchase common shares by submitting ten Rights and $5.00 for each share to be purchased (the Subscription Price). The Offer expired at 5:00 PM Eastern Time on April 21, 2026 and the Rights no longer trade on the New York Stock Exchange. Preliminary results indicate that the Fund received total subscriptions of approximately $273 million (including over-subscription requests and notices of guaranteed deliv
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GAB
News
- GAB Rights Offering Update: Lower Subscription Price And Deadline Extended [Seeking Alpha]Seeking Alpha
- Gabelli Equity Trust Announces Updated Rights Offering Price and Extends Expiration Date to April 21, 2026 [Yahoo! Finance]Yahoo! Finance
- Gabelli Equity Trust Announces Updated Rights Offering Price and Extends Expiration Date to April 21, 2026 [TheStreet.com]TheStreet.com
- Gabelli Equity Trust Announces Updated Rights Offering Price and Extends Expiration Date to April 21, 2026GlobeNewswire
- GAB Rights Offering Strategy [Seeking Alpha]Seeking Alpha
GAB
Sec Filings
- 4/22/26 - Form 497AD
- 4/20/26 - Form 4
- 4/1/26 - Form 424B4
- GAB's page on the SEC website