Gabelli Equity Trust Inc (The) | Series G Cumulative Preferred Stock (GAB.PRG)
Prospectus excerpt: One transferable subscription right (a ÙRightˆ) will be issued for each share of Series F Preferred outstanding on the record date. Rights are expected to trade through the NASDAQ Capital Market (ÙNASDAQˆ). The Rights will allow Series F Preferred shareholders to subscribe for new Series G Preferred of the Fund. 5,850,402 shares of Series F Preferred are outstanding as of June 20, 2012. One Right will be required to purchase one Series G Preferred. An over-subscription privilege will be offered. 5,850,402 shares of Series G Preferred will be issued if all Rights are exercised. Additional shares of Series G Preferred will be issued if the over-subscription privilege is exercised. See ÙTerms of the Rights Offering.ˆ
The Gabelli Equity Trust is registered as a non-diversified, closed-end management investment company. The Fund's primary objective is long-term growth of capital, with income as a secondary objective.