GABELLI EQUITY TRUST INC — Director's Dealing 2012

Aug 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB.G)
CIK: 0000794685
Period of Report: 2012-08-09

Reporting Person: GABELLI MARIO J (Director, Chairman of The Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-09	Series G Cumulative Preferred Stock	X	50000	$25	Acquired	50000	Indirect

Footnotes

F1: The reporting person acquired these shares of preferred stock through the exercise of preferred stock purchase rights.

F2: The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.