THE GABELLI EQUITY TRUST Inc SERIES G CumULATIVE PREFERRED (GABpG)

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The Gabelli Equity Trust Inc. (the Fund) is a non-diversified, closed-end management investment company, whose primary objective is long-term growth of capital. The Fund will invest at least 80% of its assets in equity securities under normal market conditions (the 80% Policy). The 80% Policy may be changed without shareholder approval. The Fund will provide shareholders with notice at least sixty days prior to the implementation of any changes in the 80% Policy. The Fund may engage in various portfolio investment strategies by investing in a number of derivative financial instruments for the purposes of increasing the income of the Fund, hedging against changes in the value of its portfolio securities and in the value of securities it intends to purchase, or hedging against a specific transaction with respect to either the currency in which the transaction is denominated or another currency. The Fund's investment advisor is Gabelli Funds, LLC.