Gabelli Equity Trust Rights Offering Oversubscribed Raising $144 Million

Author's Avatar
Jul 15, 2021

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB, Financial) (the “Fund”) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which more than 26.2 million common shares will be issued, resulting in gross proceeds to the Fund of approximately $144 million.