Gabelli Equity Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms

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May 20, 2021

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB, Financial) (the “Fund”) has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional shares of common stock (the “Offering”). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.