Gabelli Equity Income Fund Reaffirms $1.20 Distribution Policy and Announces Conversion of C1 Class

GREENWICH, Conn., April 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of The Gabelli Equity Income Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of $1.20 per share. This represents $0.10 per share monthly. After the close of business on May 28, 2024 (the “Effective Date”) or, with respect to shares held in “street name” through intermediaries having a pre-existing contractual agreement requiring additional time, as soon as practicable thereafter, the Fund w