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Gabelli Equity Trust, 7.25% Tax Advantaged Cumulative Preferred Stock
Ticker Symbol: GAB-* CUSIP: 362397309 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/17/2003
Security has been Called for: Tuesday, June 17, 2003
May 15, 2003--The Gabelli Equity Trust Inc. will redeem all (5,367,900 Shares) of its outstanding 7.25% Cumulative Preferred Stock. The redemption date is June 17, 2003 and the redemption price is $25.4078 per Preferred Share, which consists of $25.00 per Preferred Share plus accrued dividends through the redemption date of $0.4078 per Preferred Share. The Preferred Shares are callable at any time at the liquidation value of $25.00 per share plus accrued dividends following the expiration of the five-year call protection on June 9, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gabelli Equity Trust, 7.25% Tax Advantaged Cumulative Preferred Stock, liquidation preference $25, redeemable at the issuer's option on or after 6/9/2003 at $25 per share plus accrued dividends, with no stated maturity, and with distributions paid quarterly on 3/26, 6/26, 9/26 & 12/26. Dividends paid are tax advantaged as a portion of the dividends are capital gains subject to preferencial tax treatment. It is a condition of issuance that the preferred stock be rated aaa by Moody's and that it maintain that rating or be redeemed. The Fund qualifies as a regulated investment company for federal income tax purposes.
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Go to Parent Company's Record (GAB)
IPO - 6/5/1998 - 5.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $139.0 Million
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Company's Online Information Links
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| 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
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800-336-6983
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| Toll Free Phone Number |
800-422-3554 |
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