Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Newsfilter
Distribution Declaration: The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its 10% annual distribution policy, payable on September 23, 2024, to shareholders of record as of September 16, 2024.
Tax Implications and Return of Capital: A portion of the distribution may be treated as long-term capital gain or return of capital, with approximately 76% of the 2024 distributions expected to be deemed a return of capital, which generally reduces the shareholder's cost basis and is not taxable.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
