Gabelli Equity Trust Confirms Series H Cumulative Preferred Stock Rating

The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) has 4,190,273 shares of Series H Cumulative Preferred Stock outstanding. The Series H Preferred Shares are rated A1 by Moody’s Investors Services.

Standard & Poor’s Ratings Services was terminated on January 23, 2014 in order to consolidate services among rating agencies.

The Gabelli Equity Trust Inc. is a non-diversified, closed-end management investment company with $1.7 billion in total net assets whose primary investment objective is long-term growth of capital. The Investment Adviser is a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.