Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share

Distribution Policy - The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its 10% distribution policy, payable on June 23, 2025, to shareholders of record on June 13, 2025 [1] - The Fund aims to pay a minimum annual distribution of 10% of its average net asset value, calculated based on the last day of the four preceding calendar quarters [2] Financial Monitoring - The Board of Directors reviews potential distributions quarterly, considering the Fund's net asset value and the financial market environment [3] - The distribution policy is subject to modification by the Board, and there is no guarantee that it will continue [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for long-term capital gains [4] - Certain U.S. shareholders may incur a 3.8% Medicare surcharge on their net investment income, which includes dividends and capital gains from the Fund [4] Earnings and Returns - If the Fund's earnings do not meet the aggregate distributions, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - In 2025, distributions to common shareholders are estimated to include approximately 2% from net investment income, 21% from net capital gains, and 77% as a return of capital [6] Company Overview - The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with total net assets of $2.0 billion, focusing on long-term capital growth [7]