 RYE, N.Y.--BUSINESS WIRE--The Board of Directors of The Gabelli Equity Trust Inc. NYSE:GAB the Fund has approved a transferable rights offering which would allow the Funds record date common shareholders to acquire additional shares of common stock the Offering. The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Funds securities. SUMMARY OF THE TERMS OF THE OFFERING E 