|
Gabelli Equity Trust, 6.20% Series F Cumulative Preferred Stock
Ticker Symbol: GAB-F* CUSIP: 362397804 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/08/2012
Security has been Called for: Thursday, November 8, 2012
Oct 4, 2012 -- The Board of Directors of The Gabelli Equity Trust Inc. (GAB) has authorized the redemption of all remaining outstanding shares of the Fund’s 6.20% Series F Cumulative Preferred Stock. The redemption date is November 8, 2012, and the redemption price will be equal to the liquidation preference of $25.00 per Preferred Share, plus accumulated but unpaid dividends to the redemption date. From and after the redemption date, the Preferred Shares will no longer be deemed outstanding, dividends will cease to accrue, and all the rights of the shareholders of the Preferred Shares with respect to the Preferred Shares will cease, except the right to receive the redemption price. Shareholders of record will be mailed a redemption notice shortly. The paying agent for this redemption is Computershare Trust Company, N.A. ____________ Aug 16, 2012 -- The Board of Directors of The Gabelli Equity Trust Inc. (GAB) authorized the redemption of 2,120,000 shares of its outstanding 6.20% Series F Cumulative Preferred Stock. The redemption date is September 26, 2012, and the redemption price is $25.00 per Preferred Share, which is equal to the liquidation preference of the Preferred Shares. Preferred Shareholders of record on September 19, 2012 will receive the quarterly dividend of $0.3875 per Preferred Share on the payable date of September 26, 2012. Because the redemption date and the payable date for the quarterly dividend are both September 26, 2012, no accumulated but unpaid dividends will be included as a component of the redemption price. From and after the redemption date, the Preferred Shares to be redeemed will no longer be deemed outstanding, dividends will cease to accrue, and all the rights of the Preferred Shareholders with respect to the redeemed Preferred Shares will cease, except the right to receive the redemption price. ____________
Jun 13, 2012 -- The Gabelli Equity Trust Inc. (GAB) has previously announced the Board of Directors’ approval of a transferable rights offering to the Fund’s existing 6.20% Series F Cumulative Preferred Stock shareholders. The Offering to acquire Series G Cumulative Preferred Stock will be made only to Series F Preferred shareholders by means of a prospectus, and this letter does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Gabelli Equity Trust Inc., 6.20% Series F Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/10/2011 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 6.20% ($1.55) per annum are paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record on the fifth preceding business day. To be issued the units must be assigned a rating of Aaa by Moody's. The majority of dividends paid on the preferred should qualify for the 15% tax rate (see page 3 of the prospectus for details). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (GAB)
IPO - 11/8/2006 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: GABFP Changed: 11/14/2006
Market Value $150.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Corporate Center, Rye, NY 10580 |
| Main Phone Number |
914-921-5100 |
| Fax Number |
914-921-5392 |
| Shareholder Services
|
800-336-6983
|
| Toll Free Phone Number |
800-422-3554 |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
