Gabelli Funds, LLC announces that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its Funds’ shareholders and stockholders, employees, and trustees and directors, as well as their families and communities, it will host the originally planned in-person 2020 Annual Meetings of Shareholders and Stockholders (the "Annual Meetings") at the Westchester Country Club, as virtual meetings.

Billionaire Investor Mario Gabelli joined Yahoo Finance's Myles Udland, Andy Serwer, Dan Roberts, and Melody Hahm to discuss the areas of the market he's watching and his investment strategy amid the coronavirus crisis.

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") declared a $0.15 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020.

Moody's Investors Service has assigned an A1 rating to The Gabelli Equity Trust Inc.'s (Ticker: GAB, or the "fund") new $100 million Series K 5.00% Cumulative Preferred Shares. GAB will use the net proceeds from the issuance to redeem its outstanding Series D 5.875% Cumulative Preferred Shares. Concurrently, Moody's affirmed the ratings on GAB's existing Series C Auction Rate Preferred Shares, Series E Auction Rate Preferred Shares, Series H 5.00% Cumulative Preferred Shares and Series J 5.45% Cumulative Preferred Shares.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gabelli Equity Trust Inc. (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.