Broker-submitted Gabelli rights orders get canceled; holders must resubscribe

2026-04-05 17:31:48

Gabelli Equity Trust (NYSE: GAB) has updated the terms of its rights offering, reducing the subscription price to $5.00 per share from $5.50 and extending the expiration date to April 21, 2026. Shareholders who submitted subscriptions through brokers will have their orders canceled and must resubscribe at the new price. Ten rights are still required to purchase one additional share.

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