GABELLI EQUITY TRUST INC — Director's Dealing 2012

Jul 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB)
CIK: 0000794685
Period of Report: 2012-07-23

Reporting Person: GABELLI MARIO J (Director, Chief Executive Officer)
Reporting Person: GAMCO INVESTORS, INC. ET AL (Owner of Adviser)
Reporting Person: GGCP, INC. (Majority shareholder of GAMCO)
Reporting Person: MJG IV LIMITED PARTNERSHIP (Limited Partnership)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-23	Subscription Rights for Series G Cumulative Preferred Stock	P	50000	$0.0191	Acquired	50000	Indirect

Footnotes

F1: The subscription rights 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.