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The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) authorized an increase in the
quarterly cash distribution pursuant to its 10% Distribution Policy from $0.14 per share to $0.16 per
share. The increase will take effect beginning with the March 2004 distribution.
The $0.16 per share cash distribution for March 2004 will be payable on March 25, 2004 to common
stock shareholders of record on March 17, 2004.
The Gabelli Equity Trust Inc. is a closed-end, non-diversified management investment company with
$1.4 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 Gabelli Asset Management Inc. (GBL - NYSE),
which is a publicly traded NYSE listed company.
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