GAB Rights Offering Update: Lower Subscription Price And Deadline Extended
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Gabelli Equity Trust has reduced its rights offering subscription price to $5.00 per share and extended the expiration date to April 21, 2026. The change makes the offering more economically attractive if the trust's shares trade above $5.00 at expiry.
Gabelli Equity Trust has adjusted its rights offering terms. The new subscription price is $5.00 per share, and the expiration date is now April 21, 2026. Shareholders who previously exercised their rights through brokers must resubscribe at the new price. The rights offering is valuable when Gabelli Equity Trust trades above $5.00. If the trust's shares remain above $5.00 at expiry, subscribing is the optimal choice. Otherwise, selling rights or buying shares in the market may be more beneficial.
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