Gabelli Equity announces redemption of $53 million series F preferreds

By Ashley Montgomery

Kansas City, Kan., Aug. 16 - Gabelli Equity Trust Inc. will redeem $53 million of its 6.2% series F cumulative preferred stock, according to a notice.

The 2.12 million preferreds will be redeemed on Sept. 26 at par of $25.00.

Holders will also receive the $0.3875 per share quarterly dividend payable Sept. 26.

The issuer is a non-diversified, closed-end management investment company based in Rye, N.Y.

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