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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 2:49 AM

Slide #391. The Gabelli Equity Trust Inc. Preferred Stock Offering

Company: The Gabelli Equity Trust Inc. (NYSE:GAB)
Shares Offered: 4,200,000
Price Per Share: $25
Closed Date: 9/25/2012
Date of Over-Allotment Closing: 10/3/2012
Final Completed Deal Size: 4,200,000.00
Preferred Stock Offering Details: The Board of Directors of The Gabelli Equity Trust Inc. announced the completion of an offering of 4.2 million shares of 5.00% Series H Cumulative Preferred Stock (the "Series H Preferred") valued at $105 million. The offering is expected to close on Friday, September 28, 2012, subject to customary closing conditions. --updated 10/3/12 -- The Board of Directors of The Gabelli Equity Trust Inc. announced the completion of an offering of 4.2 million shares of 5.00% Series H Cumulative Preferred Stock (the "Series H Preferred") valued at $105 million. The Series H Preferred is rated "AAA" by Standard & Poor's Ratings Services. The Series H Preferred is perpetual, non-callable for five years, and was issued at $25 per share. Distributions are scheduled to be paid quarterly beginning on December 26, 2012.

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. As of Dec. 31, 2016, the Fund's total assets were $1,698,701,228 and the Fund's investment portfolio was valued at $1,694,688,765.

Preferreds: GAB.PRD, GAB.PRF, GAB.PRG, GAB.PRH


Open the GAB Page at Ru Back Packer »

Name: Gabelli Equity Trust Inc (The)
Website: gabelli.com
Sector: Investment Companies & Venture Capital

Open the GAB Page at Ru Back Packer (in a new window) »

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