Gabelli Equity to redeem 5.45% series J preferred shares

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – Gabelli Equity Trust’s board of trustees has approved the redemption of all outstanding 5.45% series J cumulative preferred shares, according to a news release.

The securities will be redeemed at $25.00 per share plus unpaid dividends for a total of $25.132465 a share. The redemption date will be Jan. 31.

The preferreds trade under the symbol “GABPrJ” on the New York Stock Exchange.

Gabelli is a Rye, N.Y.-based investment firm.

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