GAB Rights Offering Update: Lower Subscription Price And Deadline Extended

Gabelli Equity Trust has reduced its rights offering subscription price to $5.00 per share and extended the expiration to April 21, 2026. The fixed-dollar subscription structure means rights are valuable when GAB trades above $5.00; the offering is now economically attractive. Shareholders who previously exercised rights through brokers must resubscribe at the new $5.00 price due to the terms change.