{"success":true,"data":{"pressRelease":{"id":"116868","rtpr_id":"nGNX33xmbt","ticker":"GAB","exchange":"NYSE","all_tickers":["GAB","GAMI"],"title":"Gabelli Equity Trust: 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share","author":"Globe Newswire","published_at":"2026-08-12T13:14:34.109Z","article_body":"RYE, N.Y., Aug. 12, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The\nGabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied\nits 10% distribution policy by declaring a $0.15 per share cash distribution\npayable on September 23, 2026 to common stock shareholders of record on\nSeptember 16, 2026.\n\nThe Fund intends to pay a minimum annual distribution of 10% of the average\nnet asset value of the Fund within a calendar year or an amount sufficient to\nsatisfy the minimum distribution requirements of the Internal Revenue Code for\nregulated investment companies. The average net asset value of the Fund is\nbased on the average net asset values as of the last day of the four preceding\ncalendar quarters during the year. The net asset value per share fluctuates\ndaily.\n\nEach quarter, the Board of Directors reviews the amount of any potential\ndistribution from the income, realized capital gain, or capital available. The\nBoard of Directors will continue to monitor the Fund’s distribution level,\ntaking into consideration the Fund’s net asset value and the current\nfinancial market environment. The Fund’s distribution policy is subject to\nmodification by the Board of Directors at any time, and there can be no\nguarantee that the policy will continue. The distribution rate should not be\nconsidered the dividend yield or total return on an investment in the Fund.\n\nAll or part of the distribution may be treated as long-term capital gain or\nqualified dividend income (or a combination of both) for individuals, each\nsubject to the maximum federal income ta4x rate for long term capital gains,\nwhich is currently 20% in taxable accounts for individuals (or less depending\non an individual’s tax bracket). In addition, certain U.S. shareholders who\nare individuals, estates or trusts and whose income exceeds certain thresholds\nwill be required to pay a 3.8% Medicare surcharge on their \"net investment\nincome\", which includes dividends received from the Fund and capital gains\nfrom the sale or other disposition of shares of the Fund.\n\nIf the Fund does not generate sufficient earnings (dividends and interest\nincome, less expenses, and realized net capital gain) equal to or in excess of\nthe aggregate distributions paid by the Fund in a given year, then the amount\ndistributed in excess of the Fund’s earnings would be deemed a return of\ncapital. Since this would be considered a return of a portion of a\nshareholder’s original investment, it is generally not taxable and would be\ntreated as a reduction in the shareholder’s cost basis.\n\nLong-term capital gains, qualified dividend income, investment company taxable\nincome, and return of capital, if any, will be allocated on a pro-rata basis\nto all distributions to common shareholders for the year. Based on the\naccounting records of the Fund currently available, each of the distributions\npaid to common shareholders in 2026 would include approximately 5% from net\ninvestment income, 19% from net capital gains and 76% would be deemed a return\nof capital on a book basis. This does not represent information for tax\nreporting purposes. The estimated components of each distribution are updated\nand provided to shareholders of record in a notice accompanying the\ndistribution and are available on our website (www.gabelli.com). The final\ndetermination of the sources of all distributions in 2026 will be made after\nyear end and can vary from the quarterly estimates. Shareholders should not\ndraw any conclusions about the Fund’s investment performance from the amount\nof the current distribution. All individual shareholders with taxable accounts\nwill receive written notification regarding the components and tax treatment\nfor all 2026 distributions in early 2027 via Form 1099-DIV.\n\nInvestors should carefully consider the investment objectives, risks, charges,\nand expenses of the Fund before investing. For more information regarding the\nFund’s distribution policy and other information about the Fund, call:\n\nLaurissa Martire\n(914) 921-5399\n\nAbout The Gabelli Equity Trust\nThe Gabelli Equity Trust Inc. is a diversified, closed-end management\ninvestment company with $2.4 billion in total net assets whose primary\ninvestment objective is long-term growth of capital. The Fund is managed by\nGabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).\n\nNYSE – GAB\nCUSIP – 362397101\n\nTHE GABELLI EQUITY TRUST INC\nInvestor Relations Contact:\nLaurissa Martire\n(914) 921-5399\nlmartire@gabelli.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ecd72c82-e480-4a92-82fc-d4b1342ab402)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX33xmbt","title":"Gabelli Equity Trust: 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share","author":"Globe Newswire","ticker":"GAB","created":"2026-08-12T13:14:34.109Z","tickers":["GAB","GAMI"],"exchange":"NYSE","article_body":"RYE, N.Y., Aug. 12, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The\nGabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied\nits 10% distribution policy by declaring a $0.15 per share cash distribution\npayable on September 23, 2026 to common stock shareholders of record on\nSeptember 16, 2026.\n\nThe Fund intends to pay a minimum annual distribution of 10% of the average\nnet asset value of the Fund within a calendar year or an amount sufficient to\nsatisfy the minimum distribution requirements of the Internal Revenue Code for\nregulated investment companies. The average net asset value of the Fund is\nbased on the average net asset values as of the last day of the four preceding\ncalendar quarters during the year. The net asset value per share fluctuates\ndaily.\n\nEach quarter, the Board of Directors reviews the amount of any potential\ndistribution from the income, realized capital gain, or capital available. The\nBoard of Directors will continue to monitor the Fund’s distribution level,\ntaking into consideration the Fund’s net asset value and the current\nfinancial market environment. The Fund’s distribution policy is subject to\nmodification by the Board of Directors at any time, and there can be no\nguarantee that the policy will continue. The distribution rate should not be\nconsidered the dividend yield or total return on an investment in the Fund.\n\nAll or part of the distribution may be treated as long-term capital gain or\nqualified dividend income (or a combination of both) for individuals, each\nsubject to the maximum federal income ta4x rate for long term capital gains,\nwhich is currently 20% in taxable accounts for individuals (or less depending\non an individual’s tax bracket). In addition, certain U.S. shareholders who\nare individuals, estates or trusts and whose income exceeds certain thresholds\nwill be required to pay a 3.8% Medicare surcharge on their \"net investment\nincome\", which includes dividends received from the Fund and capital gains\nfrom the sale or other disposition of shares of the Fund.\n\nIf the Fund does not generate sufficient earnings (dividends and interest\nincome, less expenses, and realized net capital gain) equal to or in excess of\nthe aggregate distributions paid by the Fund in a given year, then the amount\ndistributed in excess of the Fund’s earnings would be deemed a return of\ncapital. Since this would be considered a return of a portion of a\nshareholder’s original investment, it is generally not taxable and would be\ntreated as a reduction in the shareholder’s cost basis.\n\nLong-term capital gains, qualified dividend income, investment company taxable\nincome, and return of capital, if any, will be allocated on a pro-rata basis\nto all distributions to common shareholders for the year. Based on the\naccounting records of the Fund currently available, each of the distributions\npaid to common shareholders in 2026 would include approximately 5% from net\ninvestment income, 19% from net capital gains and 76% would be deemed a return\nof capital on a book basis. This does not represent information for tax\nreporting purposes. The estimated components of each distribution are updated\nand provided to shareholders of record in a notice accompanying the\ndistribution and are available on our website (www.gabelli.com). The final\ndetermination of the sources of all distributions in 2026 will be made after\nyear end and can vary from the quarterly estimates. Shareholders should not\ndraw any conclusions about the Fund’s investment performance from the amount\nof the current distribution. All individual shareholders with taxable accounts\nwill receive written notification regarding the components and tax treatment\nfor all 2026 distributions in early 2027 via Form 1099-DIV.\n\nInvestors should carefully consider the investment objectives, risks, charges,\nand expenses of the Fund before investing. For more information regarding the\nFund’s distribution policy and other information about the Fund, call:\n\nLaurissa Martire\n(914) 921-5399\n\nAbout The Gabelli Equity Trust\nThe Gabelli Equity Trust Inc. is a diversified, closed-end management\ninvestment company with $2.4 billion in total net assets whose primary\ninvestment objective is long-term growth of capital. The Fund is managed by\nGabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).\n\nNYSE – GAB\nCUSIP – 362397101\n\nTHE GABELLI EQUITY TRUST INC\nInvestor Relations Contact:\nLaurissa Martire\n(914) 921-5399\nlmartire@gabelli.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ecd72c82-e480-4a92-82fc-d4b1342ab402)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-12T13:14:34.15848773Z","server_sent_at_ms":1786540474158},"received_at":"2026-08-12T13:14:34.210Z","source_url":"https://www.globenewswire.com/news-release/2026/08/12/3343752/0/en/gabelli-equity-trust-10-distribution-policy-reaffirmed-and-declared-third-quarter-distribution-of-0-15-per-share.html"},"analysis":{"id":"105858","press_release_id":"116868","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["76% of the distribution is estimated to be a return of capital, reducing shareholder cost basis rather than representing income or gains."],"eventType":"dividend","narrative":"Gabelli Equity Trust declared a third quarter distribution of $0.15 per share, payable September 23, 2026 to shareholders of record on September 16.\n\nThe Board reaffirmed its policy to pay a minimum annual distribution of 10% of the Fund's average net asset value, which currently stands at $2.4 billion.\n\nApproximately 76% of the 2026 distributions are estimated to be a return of capital, with 19% from net capital gains and 5% from net investment income.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine dividend declaration with high return of capital component."},"keyFigures":{"customDimensions":{"total_net_assets":"$2.4 billion","distribution_policy":"10% of average net asset value","distribution_per_share":0.15,"net_capital_gains_percent":"19%","return_of_capital_percent":"76%","net_investment_income_percent":"5%"}},"quotedText":"reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution","namedEntities":{"people":[{"name":"Laurissa Martire","role":"Investor Relations Contact"}],"products":[],"companies":[{"name":"The Gabelli Equity Trust Inc.","ticker":"GAB"},{"name":"Gabelli Funds, LLC","relationship":"investment manager"},{"name":"GAMCO Investors, Inc.","ticker":"GAMI","relationship":"manager_parent"}],"dollarAmounts":[{"amount":"$0.15","context":"third quarter cash distribution per share"},{"amount":"$2.4 billion","context":"total net assets"}]},"materialImpact":{"score":1,"reasoning":"Routine quarterly distribution declaration for a closed-end fund with no change to the existing 10% policy."},"tickerRelevance":{"others":[{"ticker":"GAMI","relevance":"manager_parent"}],"primary":"GAB"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap-cef","eventGravity":"routine_dividend","sectorWeight":"financials"}},"event_type":"dividend","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Gabelli Equity Trust declared a third quarter distribution of $0.15 per share, payable September 23, 2026 to shareholders of record on September 16.\n\nThe Board reaffirmed its policy to pay a minimum annual distribution of 10% of the Fund's average net asset value, which currently stands at $2.4 billion.\n\nApproximately 76% of the 2026 distributions are estimated to be a return of capital, with 19% from net capital gains and 5% from net investment income.","key_figures":{"customDimensions":{"total_net_assets":"$2.4 billion","distribution_policy":"10% of average net asset value","distribution_per_share":0.15,"net_capital_gains_percent":"19%","return_of_capital_percent":"76%","net_investment_income_percent":"5%"}},"named_entities":{"people":[{"name":"Laurissa Martire","role":"Investor Relations Contact"}],"products":[],"companies":[{"name":"The Gabelli Equity Trust Inc.","ticker":"GAB"},{"name":"Gabelli Funds, LLC","relationship":"investment manager"},{"name":"GAMCO Investors, Inc.","ticker":"GAMI","relationship":"manager_parent"}],"dollarAmounts":[{"amount":"$0.15","context":"third quarter cash distribution per share"},{"amount":"$2.4 billion","context":"total net assets"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-12T16:59:06.432Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap-cef","eventGravity":"routine_dividend","sectorWeight":"financials"}},"durationMs":117204,"modelName":"glm-4.7"}}