Gabelli Equity Trust’s Series H Preferred Stock Reaches 6.5% Yield Threshold

On Friday, shares of Gabelli Equity Trust’s 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) yielded over 6.5%, with trading prices dipping as low as $19.18. This compares to an average yield of 6.67% in the Investment Companies & Venture Capital category, according to Preferred Stock Channel. GAB.PRH is currently trading at a 22.88% discount to its liquidation preference, while the average discount in the same category stands at 16.76%.

As of the last close, GAB.PRH was down approximately 0.4% for the day, while the common shares (Symbol: GAB) remained flat.