<SEC-DOCUMENT>0001999371-24-006596.txt : 20240524
<SEC-HEADER>0001999371-24-006596.hdr.sgml : 20240524
<ACCEPTANCE-DATETIME>20240524162121
ACCESSION NUMBER:		0001999371-24-006596
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240626
FILED AS OF DATE:		20240524
DATE AS OF CHANGE:		20240524
EFFECTIVENESS DATE:		20240524

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00171
		FILM NUMBER:		24984686

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-2
<SEQUENCE>1
<FILENAME>gabprc-n23c2_062624.htm
<DESCRIPTION>NOTICE BY CLOSED-END INVESTMENT COMPANIES OF INTENTION TO CALL OR REDEEM THEIR OWN SECURITIES
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center">WASHINGTON, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT
TO </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT OF 1940</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Investment Company Act File No. 811-04700</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE GABELLI EQUITY TRUST INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant)</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>One Corporate Center</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rye, New York 10580-1422</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's Telephone Number, including Area Code:
<B>(914) 921-5070</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">____________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The undersigned registered closed-end investment
company hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set
forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the &quot;Act&quot;), and states
that it is filing this notice with the Commission at least 30 days prior to the date set for the redemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title
of the class of securities of The Gabelli Equity Trust Inc. (the &ldquo;Fund&rdquo;) to be redeemed:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Series C Auction Rate Cumulative
Preferred Stock, par value $0.001 per share, liquidation preference of $25,000 per share (the &ldquo;Series C Preferred Stock&rdquo;)
(CUSIP # 362397507).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
date on which the securities are to be called or redeemed:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">June 26, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Series C Preferred
Shares are to be redeemed pursuant to Article I, Sections 3(a)(i) and 3(b) of the Fund&rsquo;s <FONT STYLE="font-family: Times New Roman, Times, Serif">Articles
Supplementary Creating And Fixing The Rights Of Series C Auction Rate Cumulative Preferred Stock</FONT>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Fund intends to redeem
100% (57 shares) of its outstanding Series C Preferred Stock at the redemption price of $25,000 per share, which equals the liquidation
preference of $25,000 per share. All shares of Series C Preferred Stock are held in book-entry form through the Depository Trust Company
(&quot;DTC&quot;), and such shares being redeemed will be redeemed in accordance with the procedures of DTC. Payment by the Fund of the
Redemption Price will be made to The Bank of New York Mellon, as paying agent for this redemption.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SIGNATURE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 45pt">Pursuant to the requirement
of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed
on its behalf by the undersigned on this 24<SUP>th</SUP> day of May 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD COLSPAN="2" STYLE="text-align: justify">THE GABELLI EQUITY TRUST INC.</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD>
</TR>
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<TD STYLE="width: 50%"></TD><TD STYLE="text-align: justify; width: 6%">By:</TD>
         <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ John C. Ball</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: justify">Name:</TD>
         <TD STYLE="text-align: justify"> John C. Ball</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: justify">Title:</TD>
         <TD STYLE="text-align: justify">President and Principal Executive Officer</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

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