Gabelli Equity Trust Has Appointed William F. Heitmann To The Board Of Directors

The Gabelli Equity Trust Inc. (NYSE:GAB) appointed Mr. William F. Heitmann to the Board of Directors of the Fund.

Mr. Heitmann currently serves on The Board of Trustees of the GAMCO Natural Resources, Gold & Income Trust by Gabelli and the Gabelli SRI Green Fund, Inc. He most recently served as Senior Vice President of Finance at Verizon Communications, Inc. and was responsible for leading the Verizon Investment Management Corporation for which he also held the positions of President and Chief Investment Officer. During his thirty-nine year career at Verizon Communications and its predecessor companies, he served as Senior Vice President and Treasurer of Verizon Communications, Vice President of Asset Management, Treasurer of Bell Atlantic Corporation, and Vice President of Merger Implementation during the Bell Atlantic-NYNEX merger. Additionally, he served as Chairman of the Board for Verizon Capital Corporation, the Company’s financial subsidiary. In his leadership roles outside Verizon, Mr. Heitmann was a Director of DRS Technologies, formerly a NYSE listed Company, and Chair of its Audit Committee; a Director of the Pension Real Estate Association; and a member of the Committee for the Investment of Employee Benefit Assets, the Financial Executives Institute, the Pension Manager’s Advisory Committee of the NYSE, and the Investment Committee of the Neurological Society. Mr. Heitmann received his Bachelor’s degree in Mechanical Engineering from New Jersey Institute of Technology and his Master’s of Business Administration from Rutgers University.

Gabelli Funds, LLC serves as the investment adviser to the aforementioned Gabelli Funds and is a wholly owned subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which through its subsidiaries, manages assets of private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.) and is known for its Private Market Value with a Catalyst ^® style of investment. As of June 30, 2012, GAMCO Investors, Inc. had $35.7 billion in assets under management.

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