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The Board of Directors of The Gabelli Equity Trust Inc. (NYSE - GAB) has declared a $0.27 per share
cash distribution payable on March 27, 2000 to common stock shareholders of record on March 17, 2000,
pursuant to the Gabelli Equity Trust's 10% Distribution Policy. Long term capital gains, if any, will
be included on a pro-rata basis in all distributions throughout the year.
Under the Equity Trust's payout policy the Fund will pay out a minimum annual distribution of 10% of
the average net asset value of the Fund. The Fund will pay $0.27 per share in each of the first three
quarters of the year and an adjusting distribution in the fourth quarter of a sufficient amount to pay
10% of the average net asset value of the Fund, as of the last day of the four preceding calendar quarters,
or to satisfy the minimum distribution requirements of the Internal Revenue Code, whichever is greater.
The Gabelli Equity Trust Inc. is a closed-end, non-diversified management investment company with
$1.5 billion in total assets whose primary objective is long term growth of capital.
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