<SEC-DOCUMENT>0001193125-16-518895.txt : 20160328
<SEC-HEADER>0001193125-16-518895.hdr.sgml : 20160328
<ACCEPTANCE-DATETIME>20160328100135
ACCESSION NUMBER:		0001193125-16-518895
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160328
DATE AS OF CHANGE:		20160328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY TRUST INC
		CENTRAL INDEX KEY:			0000794685
		IRS NUMBER:				222736509
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-195247
		FILM NUMBER:		161531055

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d137875d497ad.htm
<DESCRIPTION>THE GABELLI EQUITY TRUST INC.
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<TITLE>The Gabelli Equity Trust Inc.</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Rule 482 ad </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Gabelli Equity Trust Inc. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Issuer:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The Gabelli Equity Trust Inc.</TD></TR>
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<TD VALIGN="top">Securities:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Perpetual</TD></TR>
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<TD VALIGN="top">Security Type:</TD>
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<TD VALIGN="top">Fixed-Rate Cumulative Preferred Shares</TD></TR>
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<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Series J Cumulative Preferred Stock</TD></TR>
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<TD VALIGN="top">Liquidation Preference:</TD>
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<TD VALIGN="top">$25.00 per share</TD></TR>
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<TD VALIGN="top">Anticipated Rating:</TD>
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<TD VALIGN="top">A1 from Moody&#146;s Investors Service, Inc. (<I>No assurances can be given that the anticipated rating will be obtained from Moody&#146;s Investors Service, Inc.</I>)</TD></TR>
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<TD VALIGN="top">Underwriters:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">UBS Securities LLC and Wells Fargo Securities, LLC, as representatives of each of the underwriters named in the Prospectus Supplement of The Gabelli Equity Trust Inc.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The information herein and in the prospectus supplement is not complete and is subject to change. A registration statement
relating to these securities has been filed with the Securities and Exchange Commission and is effective. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the
offer or sale is not permitted. Investors should consider the Fund&#146;s investment objectives, risks, charges and expenses carefully before investing. The prospectus supplement and related base prospectus contain this and additional information
about The Gabelli Equity Trust Inc. and the Series J Cumulative Preferred Stock, and should be read carefully before investing. A copy of the prospectus supplement and related base prospectus is available on EDGAR, or from your financial adviser.
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>An investment in the Series J Cumulative Preferred Stock involves risks. Therefore, before investing in the Series J Cumulative Preferred Stock
you should consider the risks associated with such an investment carefully. See &#147;Special Characteristics and Risks of the Series J Preferred Shares&#148; in the prospectus supplement and &#147;Risk Factors and Special Considerations&#148; in
the related base prospectus. </I></P>
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