<SEC-DOCUMENT>0001999371-25-015564.txt : 20251016
<SEC-HEADER>0001999371-25-015564.hdr.sgml : 20251016
<ACCEPTANCE-DATETIME>20251016160852
ACCESSION NUMBER:		0001999371-25-015564
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251016
FILED AS OF DATE:		20251016
DATE AS OF CHANGE:		20251016
EFFECTIVENESS DATE:		20251016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI EQUITY TRUST INC
		CENTRAL INDEX KEY:			0000794685
		ORGANIZATION NAME:           	
		EIN:				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:		251397719

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORP CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215070

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580-1434
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-2
<SEQUENCE>1
<FILENAME>gab-n23c2_122625.htm
<DESCRIPTION>NOTICE BY CLOSED-END INVESTMENT COMPANY TO CALL OR REDEEM SECURITIES
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<!-- Field: Rule-Page --><div style="margin: 0; width: 100%"><div style="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

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<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">WASHINGTON, DC 20549</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO </b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT OF 1940</b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">Investment
Company Act File No. 811-04700&nbsp;</p>

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<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>THE GABELLI EQUITY TRUST INC.</b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">(Name of Registrant)</p>

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<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: center; margin-top: 0; margin-bottom: 0"><b>One Corporate Center</b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>Rye, New York 10580-1422</b></p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">(Address of Principal Executive Offices)</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><b>Registrant's Telephone Number, including Area Code: (914) 921-5070</b></p>

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<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">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 "Act"), 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: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>(1)&#9;Title of the class of securities of The Gabelli Equity Trust Inc. (the &#8220;Fund&#8221;) to be redeemed:</b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>&#9;</b>5.25% Series N Cumulative Preferred Stock, par value $0.001 per share, and liquidation preference of $100 per share (the &#8220;Series
N Preferred Stock&#8221;) (CUSIP #362397820).</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>(2)&#9;The date on which the securities are to be called or redeemed:</b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>&#9;</b>December 26, 2025.</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>(3)&#9;The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:</b></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>&#9;</b>The
Series N Preferred Stock is to be redeemed pursuant to Article I, Section 4(a) of the Fund&#8217;s <font style="font-family: Times New Roman, Times, Serif">Articles
Supplementary Creating And Fixing The Rights Of 5.25% Series N Cumulative Preferred Stock.</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-right: 0; text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>(4)&#9;The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:</b></p>

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<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0"><b>&#9;</b>The Fund intends to redeem 100% (319,500 shares) of its outstanding Series N Preferred Stock at the redemption price of $100
per share, which equals the liquidation preference of $100 per share, together with the accumulated and unpaid dividends and distributions
to the redemption date of December 26, 2025.</p>

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<p style="margin-right: 0; font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0">[<i>Remainder of Page Left Blank</i>]</p>

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<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 12pt"><font style="text-decoration: underline solid"><b>SIGNATURE</b></font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 6pt; margin-left: 0pt; 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 16<sup>th</sup> day of October 2025.&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 6pt; margin-left: 0pt; text-indent: 45pt">&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 6pt; margin-left: 0pt; text-indent: 45pt">&nbsp;</p>

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  <td>&nbsp;</td>
  <td colspan="2" style="white-space: nowrap"><b>THE GABELLI EQUITY TRUST INC.</b></td>
    <td>&nbsp;</td></tr>
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  <td>&nbsp;</td>
  <td colspan="2" style="white-space: nowrap">&nbsp;</td>
    <td>&nbsp;</td></tr>
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  <td>&nbsp;</td>
  <td colspan="2" style="white-space: nowrap">&nbsp;</td>
    <td>&nbsp;</td></tr>
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  <td style="width: 60%">&nbsp;</td>
  <td style="white-space: nowrap; width: 7%">By:</td>
  <td style="white-space: nowrap; border-bottom: Black 1pt solid; width: 25%">/s/ John C. Ball</td>
    <td style="width: 8%">&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&nbsp;</td>
  <td style="white-space: nowrap">Name:</td>
  <td style="white-space: nowrap">John C. Ball</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&nbsp;</td>
  <td style="white-space: nowrap">Title:</td>
  <td style="white-space: nowrap">President and Principal Executive Officer</td>
    <td>&nbsp;</td></tr>
</table>

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<p style="margin: 0">&#160;</p>

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