Gabelli Equity Trust Confirms Series C and Series E Preferred Stock Rating

The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) has 2,880 shares of Series C Auction Rate Cumulative Preferred Stock and 1,120 shares of Series E Auction Rate Cumulative Preferred Stock outstanding. The secondary credit rating agency for the Series C and Series E Preferred Stock changed from Standard & Poor’s Ratings Services to Fitch Ratings (“Fitch”) on January 28, 2014.

The Series C Preferred Stock and the Series E Preferred Stock is rated AA by Fitch and A1 by Moody’s Investors Service.

The Gabelli Equity Trust Inc. is a non-diversified, closed-end management investment company with $1.6 billion in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).