from24/7 Wall St.
2 hours agoGabelli's 10.5% Yield Comes With a Hidden Cost Retirees Should Know
Gabelli Equity Trust has committed to paying at least 10% of its average net asset value annually since its inception in 1986, yielding roughly 10.5% at current prices. The fund's diversified equity portfolio includes significant holdings in companies like Berkshire Hathaway and American Express.
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