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Security Details
- Coupon Rate
- 5.00%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 8/1/2017
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.25
- Distribution Dates
- 3/26, 6/26, 9/26 & 12/26
- Credit Ratings
- Moody's A1 · S&P NF (12/31/2023)
- Tax-Advantaged Dividends
- Variable
Security Profile
- CUSIP
- 362397176
- Market Cap
- Micro Cap · $70 Million
- IPO
- 8/1/2012 · $25.00/share
- Parent Company
- Gabelli Equity Trust, Inc. (The) (GAB)
Fund Description: Gabelli Equity Trust, 6.00%/5.00% Series G Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option after five years from the date of issue (on or about or after 8/1/2017) at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 6.00% ($1.50) per annum for the first 12 months and 5.00% ($1.25) per annum thereafter are paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record on the fifth preceding business day (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders (see page 30 of the prospectus for further information). See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Company Contact
- Headquarters
- One Corporate Center, Rye, NY 10580
- Phone
- 914-921-5100 · Toll-Free 800-422-3554
- Fax
- 914-921-5392
- Investor Relations
- 800-336-6983 · closedend@gabelli.com