Gabelli Healthcare & WellnessRx Trust Declares Fourth Quarter Distribution of $0.15 Per Share
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) has declared a quarterly cash distribution of $0.15 per share, payable on December 20, 2024, to shareholders of record on December 13, 2024. The distribution composition is approximately 5% from net investment income, 84% from net capital gains, and 11% return of capital. The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions. The distribution policy may be modified or terminated at any time, and distributions might be subject to various tax treatments including long-term capital gains and qualified dividend income.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) ha dichiarato una distribuzione trimestrale di cassa di 0,15 dollari per azione, che sarà pagata il 20 dicembre 2024, agli azionisti registrati il 13 dicembre 2024. La composizione della distribuzione è approssimativamente 5% da reddito netto da investimenti, 84% da guadagni di capitale netti, e 11% restituzione di capitale. Il Consiglio di Amministrazione esamina le potenziali distribuzioni su base trimestrale, tenendo conto del valore netto degli attivi del Fondo e delle condizioni di mercato. La politica di distribuzione può essere modificata o interrotta in qualsiasi momento, e le distribuzioni potrebbero essere soggette a diverse trattazioni fiscali, inclusi i guadagni di capitale a lungo termine e il reddito da dividendi qualificati.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) ha declarado una distribución trimestral en efectivo de $0.15 por acción, que se pagará el 20 de diciembre de 2024, a los accionistas registrados el 13 de diciembre de 2024. La composición de la distribución es aproximadamente 5% de ingresos netos por inversiones, 84% de ganancias de capital netas y 11% de reembolso de capital. La Junta de Fideicomisarios revisa las distribuciones potenciales trimestralmente, considerando el valor neto de los activos del Fondo y las condiciones del mercado. La política de distribución puede ser modificada o terminada en cualquier momento, y las distribuciones podrían estar sujetas a distintos tratamientos fiscales, incluidos los ingresos por ganancias de capital a largo plazo y dividendos calificados.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX)는 주당 $0.15의 분기 현금 배당금을 선언했으며, 이는 2024년 12월 20일에 지급되고 2024년 12월 13일 기준 주주에게 지급됩니다. 배당금 구성은 대략 5%는 순투자 소득, 84%는 순자본 이득, 11%는 자본 반환입니다. 이사회의 신탁은 매 분기 잠재적 배당금을 검토하며, 기금의 순자산 가치 및 시장 상황을 고려합니다. 배당 정책은 언제든지 수정되거나 종료될 수 있으며, 배당금은 장기 자본 이득 및 적격 배당 소득을 포함한 다양한 세무 처분의 적용을 받을 수 있습니다.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) a déclaré une distribution trimestrielle en espèces de 0,15 $ par action, payable le 20 décembre 2024, aux actionnaires enregistrés le 13 décembre 2024. La composition de la distribution est d'environ 5 % de revenus nets d'investissement, 84 % de gains en capital nets et 11 % de retour de capital. Le Conseil des administrateurs examine les distributions potentielles sur une base trimestrielle, en tenant compte de la valeur nette des actifs du Fonds et des conditions du marché. La politique de distribution peut être modifiée ou terminée à tout moment, et les distributions pourraient être soumises à divers traitements fiscaux, y compris des gains en capital à long terme et des revenus de dividendes qualifiés.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) hat eine vierteljährliche Barausschüttung von 0,15 US-Dollar pro Aktie erklärt, die am 20. Dezember 2024 an die am 13. Dezember 2024 eingetragenen Aktionäre ausgezahlt wird. Die Zusammensetzung der Ausschüttung beträgt ungefähr 5% aus Nettoanlageerträgen, 84% aus Nettokapitalgewinnen und 11% Rückzahlung von Kapital. Der Verwaltungsausschuss prüft vierteljährlich mögliche Ausschüttungen, wobei der Nettovermögenswert des Fonds und die Marktbedingungen berücksichtigt werden. Die Ausschüttungspolitik kann jederzeit geändert oder beendet werden, und die Ausschüttungen könnten verschiedenen steuerlichen Behandlungen unterliegen, einschließlich langfristiger Kapitalgewinne und qualifizierter Dividenden.
- 84% of distribution comes from net capital gains, indicating strong investment performance
- Maintaining consistent quarterly dividend distribution of $0.15 per share
- 11% of distribution represents return of capital, which reduces shareholder cost basis
- Only 5% of distribution comes from net investment income, showing low income generation
Insights
The quarterly distribution announcement of
The fund's distribution strategy appears sustainable given the significant capital gains component, but investors should note that returns of capital reduce their cost basis. With a current market cap of
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) (the “Fund”) declared a
The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.
Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2024 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Bethany Uhlein
(914) 921-5546
About The Gabelli Healthcare & WellnessRx Trust
The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with
NYSE: GRX
CUSIP – 36246K103
THE GABELLI HEALTHCARE & WELLNESSRx TRUST
Investor Relations Contact:
Bethany Uhlein
914.921.5546
buhlein@gabelli.com
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