The Gabelli Equity Trust Inc. (the Equity Trust) is a non-diversified, closed-end management investment company. The Company's primary objective is long-term growth of capital. The Equity Trust will invest at least 80% of its assets in equity securities. The 80% Policy may be changed without shareholder approval. It may purchase or write call or put options on securities or indices. It may invest up to 10% of its net assets in securities, for which the markets are illiquid. The Fund invests in various sectors, including food and beverage, financial services, cable and satellite, energy and utilities, diversified industrial, telecommunications, entertainment, consumer products, healthcare, retail, machinery and business. The Company's investment advisor is Gabelli Funds, LLC.