The September 2005 distribution of $0.19 per share will now be payable on September 27, 2005 to shareholders of record on September 19, 2005.

The Gabelli Equity Trust Inc. is a non-diversified, closed-end management investment company with $1.7 billion in total 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), which is a publicly traded NYSE listed company.