Preferred Stock Channel
Gabelli Equity Trust Inc (The) | 5.45% Series J Cumulative Preferred Stock (GAB.PRJ)

This preferred is marked as having been called.
Prospectus excerpt:  The Gabelli Equity Trust Inc. (the ÙFund,ˆ Ùwe,ˆ Ùusˆ or Ùourˆ) is offering 3,200,000 shares of 5.45% Series J Cumulative Preferred Stock, par value $0.001 per share (the ÙSeries J Preferred Sharesˆ). The Series J Preferred Shares will constitute a separate series of the Fund?s preferred stock. Investors in Series J Preferred Shares will be entitled to receive cumulative cash dividends at a rate of 5.45% per annum. Dividends and distributions on Series J Preferred Shares will be payable quarterly on March 26, June 26, September 26 and December 26 in each year commencing on June 26, 2016. The Series J Preferred Shares are redeemable at our option on or after March 31, 2021 and are subject to mandatory redemption by us in certain circumstances. See ÙSpecial Characteristics and Risks of the Series J Preferred Shares ? Redemption.ˆ

Full Prospectus PDF », Secondary Prospectus PDF », GAB Page »

Series:J
Alternate symbology:GAB-J, GAB-PJ, GABprJ
Redeemable?:Yes
Call Date:3/31/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,200,000
Liquidation Preference:$25.00
Original Coupon:5.45%
Pay Period:Quarterly
Pay Dates:26-Mar, 26-Jun, 26-Sep, 26-Dec
CDx3 Compliance Rating: Learn GAB.PRJ's Rating
The Gabelli Equity Trust is registered as a non-diversified, closed-end management investment company. The Fund's primary objective is long-term growth of capital, with income as a secondary objective.

Preferreds: GAB.PRD, GAB.PRF, GAB.PRG, GAB.PRH, GAB.PRJ, GAB.PRK


Open the GAB Information Page »
Name:  Gabelli Equity Trust Inc (The)
Website:  www.gabelli.com
Sector:  Investment Companies & Venture Capital

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