The Gabelli Equity Trust Inc.
GAB-PH
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
•
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
- Carter W. Austin
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Sep 26, 2012
- CIK
- 0000794685
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Equity Trust Inc. (NYSE: GAB-PH refers to its Series H Cumulative Preferred Stock) operates as a non-diversified, closed-end management investment company focused on long-term growth of capital, with income as a secondary objective. The Trust invests primarily in equity securities listed on U.S. public markets, including common stocks, preferred stocks, convertible or exchangeable securities, warrants, and rights across diversified sectors such as financial services, industrials, food and beverage, consumer products, consumer services, equipment and supplies, entertainment, health care, diversified industrial, and business services; it employs a fundamental, bottom-up stock-picking approach with a focus on undervalued value stocks across market capitalizations, benchmarking performance against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The portfolio maintains low turnover and leverages extensive research from over 33 analysts, with top holdings typically including companies like Berkshire Hathaway Inc., American Express Co., Deere & Co., Republic Services Inc., and Rollins Inc.. 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 utilizes leverage through multiple series of cumulative preferred stock offerings, 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 Series C and E. It implements a 10% annual distribution policy paid quarterly to common shareholders, which may include return of capital and is not indicative of dividend yield or total return. Geographically, operations center on the United States, serving institutional, intermediary, offshore, private wealth, and retail investors. In a notable recent development, GAMCO Investors, Inc., the parent entity overseeing the Trust's management, acquired Keeley Asset Management's $1 billion investment management business in April 2025, integrating Keeley's four mutual funds and approximately 500 separately managed accounts while retaining the Keeley team to expand service offerings, client base, and wealth management capabilities. The Trust remains fully invested and expresses bullishness on the mergers and acquisitions environment for 2025, driven by favorable regulatory and market conditions.