<SEC-DOCUMENT>0001193125-17-331122.txt : 20171102
<SEC-HEADER>0001193125-17-331122.hdr.sgml : 20171102
<ACCEPTANCE-DATETIME>20171102163712
ACCESSION NUMBER:		0001193125-17-331122
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20171102
DATE AS OF CHANGE:		20171102

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:	333-220232
		FILM NUMBER:		171172977

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d488027d497ad.htm
<DESCRIPTION>THE GABELLI EQUITY TRUST INC.
<TEXT>
<HTML><HEAD>
<TITLE>The Gabelli Equity Trust Inc.</TITLE>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="right">THE&nbsp;GABELLI&nbsp;EQUITY&nbsp;TRUST&nbsp;INC.</P>
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<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="right">One Corporate Center</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="right">Rye, NY 10580-1422&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="right">t&nbsp;&nbsp;&nbsp;&nbsp;914.921.5070&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="right">GABELLI.COM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>For information:</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Molly Marion</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(914) <FONT STYLE="white-space:nowrap">921-5070</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRESS RELEASE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FOR IMMEDIATE RELEASE</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Rye, New York</P></TD>

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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NYSE &#150; GAB</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">November&nbsp;2, 2017</TD>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CUSIP &#150; 362397101</P></TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NYSE &#150; GAB RT</P></TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CUSIP &#150; 362397192</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GABELLI EQUITY TRUST </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNOUNCES RIGHTS ARE EXPECTED TO TRADE &#147;EX RIGHTS&#148; </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ON THE NEW YORK STOCK EXCHANGE ON NOVEMBER&nbsp;3, 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Rye, NY </B>&#151; The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the &#147;Fund&#148;) previously announced a
transferable rights offering which will allow the Fund&#146;s record date common shareholders to acquire additional common shares (the &#147;Offering&#148;). The Offering to acquire additional common shares will be made only by means of a
prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund&#146;s securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Rights traded &#147;when issued&#148; on the New York Stock Exchange on November&nbsp;2, 2017, and the Fund&#146;s common shares are
expected to trade <FONT STYLE="white-space:nowrap">&#147;Ex-Rights&#148;</FONT> on the New York Stock Exchange beginning on November&nbsp;3, 2017. The Rights are expected to begin trading for normal settlement on the New York Stock Exchange
(NYSE:GAB RT) on or about November&nbsp;9, 2017. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SUMMARY OF THE TERMS OF THE OFFERING </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Each shareholder will receive one transferable right (the &#147;Right&#148;) for each share of common stock held on the record date November&nbsp;6, 2017. </TD></TR></TABLE>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Seven Rights plus $5.50 (the &#147;Subscription Price&#148;) will be required to purchase one additional share of common stock (the &#147;Primary Subscription&#148;). The purchase price will be payable in cash.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Record date shareholders who fully exercise their Primary Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a <FONT
STYLE="white-space:nowrap">pro-rata</FONT> allotment, for any additional shares of common stock not purchased pursuant to the Primary Subscription. <I>Rights acquired in the secondary market may not participate in the over-subscription
privilege.</I> </TD></TR></TABLE>

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<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">The Offering expires at 5:00 PM Eastern Time on Tuesday, December&nbsp;12, 2017. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Fund
expects to mail subscription certificates evidencing the Rights and a copy of the prospectus for this Offering to record date shareholders beginning on November&nbsp;8, 2017. Financial Advisors will likely send notices to you shortly thereafter.
Inquiries regarding the Offering should be directed to the Fund at <FONT STYLE="white-space:nowrap">800-GABELLI</FONT> or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">914-921-5070.</FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Offering is made pursuant to the Fund&#146;s effective shelf registration statement on file with the Securities and Exchange Commission.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any shares of common stock issued as a result of the Offering will not be record date shares for the Fund&#146;s quarterly distribution
to be paid on December&nbsp;15, 2017 and will not be entitled to receive such distribution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>The information herein is not complete and
is subject to change. 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. This document is not an offering, which can only be
made by a final prospectus. Investors should consider the Fund&#146;s investment objective, 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. For further information regarding the Offering, or to obtain a prospectus supplement and the accompanying prospectus, when
available, please contact the Fund at <FONT STYLE="white-space:nowrap">800-GABELLI</FONT> or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">914-921-5070.</FONT></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Gabelli Equity Trust Inc. is a <FONT STYLE="white-space:nowrap">non-diversified,</FONT> <FONT STYLE="white-space:nowrap">closed-end</FONT>
management investment company with $1.8&nbsp;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). </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
