Gabelli Equity Trust Announces the Offering of $100 Million of 5.00% Series K Cumulative Preferred Stock

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) is pleased to announce the completion of an offering of 4 million shares of 5.00% Series K Cumulative Preferred Stock (“Series K Preferred”) valued at $100 million. The offering is expected to close on Monday, December 16, 2019, subject to customary closing conditions.