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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.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a cash distribution of $0.15 per share for common shareholders, payable on June 23, 2022, to those on record as of June 15, 2022. The Board of Trustees will determine quarterly distributions, which may vary. The Fund emphasizes that distributions may include long-term capital gains and returns of capital, potentially affecting tax treatment for shareholders. The Trust has $303 million in total net assets and focuses on long-term capital growth. Shareholders will receive notifications about tax treatment in early 2023.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a cash distribution of $0.15 per share, payable on March 24, 2022, to shareholders of record as of March 17, 2022. The Board of Trustees will review quarterly distributions based on income and capital availability, with adjustments potentially made in December to account for additional income or realized gains. Currently, the 2022 distribution is deemed a 100% return of capital, which is generally not taxable. The Fund seeks long-term capital growth and has $328 million in net assets.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a total distribution of $0.96 per share for 2021, comprising $0.60 previously paid and an additional $0.36 per share. This distribution, payable on January 6, 2022, helps meet the Internal Revenue Code's minimum distribution requirements and avoids federal excise tax. For tax purposes, the distributions may be treated as long-term capital gains, and shareholders will receive detailed tax information for 2021 in early 2022.
The Fund manages approximately $341 million in assets.
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a cash distribution of
The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced the issuance of four million Series E Cumulative Preferred Shares, totaling $40 million. The 4.00% preferred shares have a liquidation preference of $10 each and are non-callable until December 26, 2024, with quarterly distributions starting on the same date. This move aims to enhance the Fund's capital structure and support its long-term growth strategy. The Fund currently manages total net assets of $337 million and is managed by Gabelli Funds, LLC.
The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) declared a cash distribution of $0.15 per share, payable on June 23, 2021, to shareholders of record by June 16, 2021. The Fund's Board will review the quarterly distribution amounts and may adjust them based on income and capital available. Future adjustments may also occur, aligning with U.S. tax laws. This distribution will primarily stem from capital gains. Shareholders will be notified about the components and tax implications of distributions through Form 1099-DIV in early 2022.
The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) declared a cash distribution of $0.15 per share, payable on March 24, 2021, to shareholders of record on March 17, 2021. The Fund's distribution policy is reviewed quarterly, and the amount may be adjusted. While the current distribution is expected to be approximately 100% from net capital gains, a return of capital may occur if earnings do not meet distributions. Tax implications include a 20% maximum federal income tax rate on long-term capital gains for individuals. More details available on gabelli.com.
GAMCO Investors, Inc. (NYSE: GBL) has appointed Jennie Tsai, Jing He, and Sara Wojda to its Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) investment team, effective January 1, 2021. Mr. Gabelli expressed confidence in their backgrounds, which include extensive experience in healthcare and biopharmaceuticals. The Gabelli Healthcare & WellnessRx Trust aims for long-term capital growth and has total net assets of $282 million. Investors are encouraged to consider the Fund’s investment objectives and risks before investing.
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