The Gabelli Equity Trust Inc.
GAB
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Mario J. Gabelli
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Aug 14, 1986
- CIK
- 0000794685
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Equity Trust Inc. (NYSE: GAB) operates as a diversified, closed-end management investment company with a primary objective of achieving long-term growth of capital through investments in equity securities, including common stocks, preferred stocks, convertible or exchangeable securities, warrants, and rights; income generation serves as a secondary objective. Under normal market conditions, the Fund invests at least 80% of its total assets in such equity securities, employing a research-driven value investing approach led by Chief Investment Officer Mario J. Gabelli and supported by a team of over 13 portfolio managers and 33 sector analysts focusing on undervalued companies across sectors such as financials, industrials, consumer products, and information technology. The Fund maintains a 10% distribution policy, paying quarterly distributions equal to 10% of its average net assets to common shareholders, which may include return of capital; it utilizes leverage through multiple series of cumulative preferred stock, including 5.00% Series G (GAB PrG), 5.00% Series H (GAB PrH), 5.45% Series J (GAB PrJ), 5.00% Series K (GAB PrK), and auction rate preferred shares (Series C and E). Founded on August 21, 1986 and headquartered at One Corporate Center in Rye, New York, the Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., and primarily serves institutional, intermediary, private wealth, offshore, and retail investors in the United States equity markets with a focus on value stocks across market capitalizations. In recent developments, the Fund's board has consistently reaffirmed its 10% distribution policy, declaring quarterly distributions of $0.15 per share in February 2025 (Q1), November 2024 (Q4), August 2024 (Q3), and May 2024 (Q2), satisfying the annual target. Earlier, in November 2023, the Fund commenced a tender offer for all of its Series C and Series E Auction Rate Preferred Stock to address legacy leverage structures. On the parent level, GAMCO Investors, Inc. announced in May 2025 an agreement to acquire the investment management services business of Keeley-Teton Advisors, LLC, adding approximately $1.0 billion in assets under management, including four mutual funds and 500 separately managed accounts, with the Keeley team continuing operations under their brand to expand Gabelli's wealth management capabilities.