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The Gabelli Healthcare & WellnessRx Trust (symbol: GRX) is a diversified closed-end management investment company with a primary investment objective of long-term capital growth. The Trust operates under the management of Gabelli Funds, LLC, a well-established provider of investment advisory services, known for its research-driven approach and proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy.
GRX invests predominantly in equity securities and income-producing securities of both domestic and foreign companies within the healthcare and wellness industries. The Trust's portfolio is diversified across various sectors, including Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals, which together account for the majority of its holdings.
Since its inception, The Gabelli Healthcare & WellnessRx Trust has aimed to capitalize on the growth opportunities within the healthcare and wellness sectors. The Trust seeks to achieve its investment objectives by meticulously selecting investments that offer potential for substantial capital appreciation, driven by the in-depth research and expertise of Gabelli Funds, LLC.
The Trust is managed by a team of experienced professionals who utilize a disciplined approach to investment, focusing on companies that are positioned to benefit from long-term trends in healthcare and wellness. This includes advancements in medical technology, an aging population, and increasing global demand for healthcare services and products.
The Gabelli Healthcare & WellnessRx Trust continually monitors market conditions and adjusts its portfolio in response to changing economic environments to maximize returns for its shareholders. Its strategy includes investing in companies with strong financial conditions, innovative products, and significant growth potential.
GRX has established several partnerships and collaborations with leading healthcare and wellness companies, bolstering its investment portfolio and enhancing its growth prospects. The Trust maintains a proactive approach to manage its investments, ensuring that it stays aligned with its long-term growth objectives.
For latest updates and developments, GRX provides comprehensive reports and news releases to keep investors informed about its performance and strategic initiatives. The Trust's commitment to transparency and shareholder value underscores its significant role in the investment landscape.
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.
The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) has declared a $0.15 per share cash distribution for the third quarter, payable on September 23, 2024 to shareholders of record on September 16, 2024. The Fund aims to pay quarterly distributions, with the amount determined by the Board of Trustees. Additionally, an adjusting distribution may be paid in December to meet minimum distribution requirements.
The distribution breakdown for 2024 is estimated as 5% from net investment income, 88% from net capital gains, and 7% deemed return of capital. However, this is subject to final determination after year-end. Shareholders will receive detailed tax information via Form 1099-DIV in early 2025. The Fund's distribution policy is subject to modification by the Board of Trustees, considering factors such as net asset value and market conditions.
The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) announced a $0.15 per share distribution for Q2 2024, payable on June 21, 2024, to shareholders recorded by June 13, 2024.
The Fund aims for quarterly distributions, with potential adjusting distributions in December based on income and net capital gains.
Distributions may be classified as long-term capital gain, qualified dividend income, or return of capital. Currently, the 2024 distributions are estimated to consist of 3% net investment income, 27% net capital gains, and 70% return of capital.
The Board of Trustees reviews and may adjust the distribution policy based on the Fund’s net asset value and market conditions.
Final tax treatment of distributions will be detailed to shareholders through Form 1099-DIV in early 2025.
The Gabelli Healthcare & Wellness Trust (NYSE: GRX) announced a cash distribution of $0.15 per share, payable on March 24, 2023, to shareholders on record as of March 17, 2023. The Fund's Board of Trustees will review quarterly distributions and may adjust them based on earnings and market conditions. Shareholders should note that if earnings do not cover distributions, the excess may be treated as a return of capital, affecting their cost basis. The Fund currently has $272 million in total net assets, focusing on long-term capital growth.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced the initial closing of a private placement for 5.20% Series G Cumulative Preferred Shares, raising
The Board of Trustees of the Gabelli Healthcare & Wellness Trust (NYSE:GRX) has declared a cash distribution of $0.15 per share, scheduled for December 16, 2022, to shareholders on record as of December 9, 2022. Future distributions will be reviewed quarterly and may change based on the Fund's earnings and capital. The Fund's total net assets are approximately $283 million, and it aims for long-term capital growth. The distribution policy may be modified at any time and is subject to the Internal Revenue Code's minimum distribution requirements.
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