GABELLI EQUITY TRUST INC

Gabelli Equity Trust Inc. is a diversified, closed-end management investment company focused on long-term capital growth, with income generation as a secondary goal. Managed by Gabelli Funds, LLC and guided by an experienced team led by Mario Gabelli, the trust primarily invests in a broad array of U.S. equity securities. Its strategy emphasizes identifying undervalued companies with strong growth and income potential, leveraging a research-driven, bottom-up approach supported by a large team of sector specialists. The fund allocates its assets across numerous industries, including financial services, food and beverage, equipment and supplies, diversified industrials, healthcare, entertainment, and technology, among others. Under typical conditions, at least 80% of assets are invested in equity securities such as common and preferred stocks, convertible or exchangeable securities, as well as warrants and rights. Gabelli Equity Trust maintains a notable 10% distribution policy, aiming to pay out 10% of its average net assets annually to shareholders, usually via quarterly distributions—though these may include a return of capital. The fund also uses leverage to potentially enhance returns, which can amplify both gains and losses. With a long track record since its inception in 1986, the trust serves investors seeking diversified equity exposure and disciplined, value-oriented management in the closed-end fund structure.