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Gabelli Equity Trust Inc

Gabelli Equity Trust Inc (GAB)

5.28
-0.04
(-0.75%)
Closed April 13 4:00PM
5.26
-0.02
(-0.38%)
After Hours: 7:59PM

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GAB News

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GAB Discussion

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calebla calebla 3 years ago
Hmm, looks like no one here for a while.
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daejeon daejeon 4 years ago
Good investment
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Enterprising Investor Enterprising Investor 9 years ago
Converted an original GAB 100-share purchase into 166 shares.

Received 105 rights (due to rounding).

Exercised all basic rights for 15 shares at $5.75.

Committed to buy another 85 shares. Allotted 51 shares (60 percent).
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Enterprising Investor Enterprising Investor 9 years ago
Gabelli Equity Trust – NYSE:GAB, Thanks to Our Shareholders, Rights Offering Successful, $157 Million Raised, Oversubscribed (10/22/14)

RYE, N.Y.--(BUSINESS WIRE)--The Gabelli Equity Trust (the “Fund”) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which more than 27.4 million shares of common stock will be issued, totaling approximately $157 million. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each share of common stock of the Fund to shareholders of record (record date shareholders) as of September 19, 2014. Holders of Rights were entitled to purchase one share of common stock by submitting seven Rights and $5.75 per share (the subscription price). The Offer expired at 5:00 PM Eastern Time on October 20, 2014 and the Rights no longer trade on the NYSE.

Preliminary results indicate that the Fund received total subscriptions of approximately $214 million (including over-subscription requests and notices of guaranteed delivery) for 136% of the 27,405,612 shares available to be issued pursuant to the primary subscription. Roughly two-thirds of the shares to be issued were subscribed for in the primary subscription. The over-subscription requests exceeded the over-subscription shares available. As a result, the available over-subscription shares will be allocated pro rata among those fully exercising record date shareholders based on the number of Rights originally issued to them by the Fund. The new shares of common stock will be issued on October 27, 2014.

We thank all the full service brokers and financial advisers who assisted our shareholders and their clients throughout the $157 million rights offering.

The Gabelli Equity Trust Inc. is a non-diversified, closed-end management investment company with $1.6 billion in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund and the prospectus supplement will contain this and additional information about the Offering, and should be read carefully before investing.

Contacts

For The Gabelli Equity Trust
Molly Marion / Carter Austin, 914-921-5070

http://www.businesswire.com/news/home/20141022006433/en/Gabelli-Equity-Trust-%E2%80%93-NYSEGAB-Shareholders-Rights#.VEkZxYl0yUk
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Enterprising Investor Enterprising Investor 9 years ago
Gabelli Equity Trust Concludes Successful Rights Offering (10/21/14)

RYE, N.Y.--(BUSINESS WIRE)--The Gabelli Equity Trust (the “Fund”) (NYSE:GAB) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which more than 27.4 million shares of common stock will be issued, totaling approximately $157 million. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each share of common stock of the Fund to stockholders of record (record date stockholders) as of September 19, 2014. Holders of Rights were entitled to purchase one share of common stock by submitting seven Rights and $5.75 per share (the subscription price). The Offer expired at 5:00 PM Eastern Time on October 20, 2014 and the Rights no longer trade on the NYSE.

Preliminary results indicate that the Fund received total subscriptions of approximately $214 million (including over-subscription requests and notices of guaranteed delivery) for 136% of the 27,405,612 shares available to be issued pursuant to the primary subscription. Approximately 66% of the shares to be issued were subscribed for in the primary subscription. The over-subscription requests exceeded the over-subscription shares available. As a result, the available over-subscription shares will be allocated pro rata among those fully exercising record date stockholders based on the number of Rights originally issued to them by the Fund. The new shares of common stock will be issued on October 27, 2014.

We thank all our subscribing stockholders as well as the full service brokers and financial advisers who assisted our stockholders throughout the Offering.

The Gabelli Equity Trust Inc. is a non-diversified, closed-end management investment company with $1.6 billion in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund and the prospectus supplement will contain this and additional information about the Offering, and should be read carefully before investing.

Contacts

The Gabelli Equity Trust
Carter Austin, 914-921-5070
or
Molly Marion, 914-921-5070

http://www.businesswire.com/news/home/20141021006874/en/Gabelli-Equity-Trust-Concludes-Successful-Rights-Offering#.VEkZAYl0yUk
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Penny Roger$ Penny Roger$ 11 years ago
~ $GAB ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$GAB has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "GAB" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "GAB": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=GAB ~
Search Ihub for "GAB" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GAB ~


For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~


c
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x123x x123x 12 years ago
GAB
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