Gabelli Equity Trust Announces Partial Redemption of its 6.20% Series F Cumulative Preferred Stock

The Board of Directors of The Gabelli Equity Trust Inc. GAB (the “Fund”) authorized the redemption of 2,120,000 shares of its outstanding 6.20% Series F Cumulative Preferred Stock (“the Preferred Shares”). The redemption date is September 26, 2012, and the redemption price is $25.00 per Preferred Share, which is equal to the liquidation preference of the Preferred Shares. Preferred Shareholders of record on September 19, 2012 will receive the quarterly dividend of $0.3875 per Preferred Share on the payable date of September 26, 2012. Because the redemption date and the payable date for the quarterly dividend are both September 26, 2012, no accumulated but unpaid dividends will be included as a component of the redemption price.