Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 per Share

Core Viewpoint - The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its commitment to a 10% distribution policy based on the average net asset value of the Fund [1][2]. Distribution Policy - The Fund aims to pay a minimum annual distribution of 10% of its average net asset value, calculated from the last day of the four preceding calendar quarters [2]. - The average net asset value per share as of the last four quarters was $5.24, $5.15, $5.41, and $5.61, leading to a calculated 10% distribution amount of $0.54 [3]. Distribution Details - The declared distribution of $0.15 per share exceeds the minimum required by the distribution policy by $0.06 [3]. - The Board of Directors will continue to monitor the distribution level, which is subject to modification [4]. Tax Implications - Portions of the distribution may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% [5]. - If the Fund's earnings do not cover the total distributions, the excess will be considered a return of capital, generally not taxable [6]. Distribution Composition - For 2025, distributions to common shareholders are estimated to include approximately 6% from net investment income, 51% from net capital gains, and 43% as a return of capital [7]. - Shareholders will receive notifications regarding the components and tax treatment of distributions in early 2026 [7]. Company Overview - The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with total net assets of $2.1 billion, focusing on long-term capital growth [8].