Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) declared a second-quarter cash distribution of $0.17 per share, payable June 23, 2026, to shareholders of record on June 15, 2026.
The fund targets quarterly payouts, may pay an additional December adjustment, and estimates 2026 distributions at about 6% net investment income, 63% net capital gains, and 31% return of capital on a book basis.
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Positive
$0.17 per share Q2 2026 cash distribution declared
Regular quarterly distribution policy with potential year-end adjustment
Estimated 63% of 2026 distributions from net capital gains
Estimated 6% of 2026 distributions from net investment income
Negative
Distribution policy may be modified or terminated at any time
Estimated 31% of 2026 distributions classified as return of capital on a book basis
Distribution rate should not be viewed as dividend yield or total return
News Market Reaction – GAMI
+0.55%
+0.55%Session close to close
In the May 13 session, GAMI gained 0.55%, reflecting a mild positive market reaction.
This announcement details a quarterly distribution of $0.17 per share, plus how 2026 payouts may be ...
Analysis
This announcement details a quarterly distribution of $0.17 per share, plus how 2026 payouts may be sourced among net investment income, net capital gains, and return of capital (estimated at 6%, 63%, and 31% respectively). Investors may focus on the mix between earnings-generated cash and return of capital, the Fund’s net asset value trends, and any future changes the Board may make to the distribution policy or payout level.
Key Figures
Quarterly distribution:$0.17 per sharePayment date:June 23, 2026Record date:June 15, 2026+5 more
8 metrics
Quarterly distribution$0.17 per shareSecond quarter 2026 cash distribution
Payment dateJune 23, 2026Distribution payable date
Record dateJune 15, 2026Shareholder of record cutoff
Max long-term capital gains rate20%Current maximum federal rate for individuals
Medicare surcharge3.8%Surcharge on net investment income above thresholds
Net investment income portion6%Estimated share of 2026 distributions
Net capital gains portion63%Estimated share of 2026 distributions
Return of capital portion31%Estimated share of 2026 distributions (book basis)
Announcement of the 18th Annual Sports & Media Symposium in New York.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent GAMI news has often seen modest, generally positive alignment between constructive corporate developments and subsequent price moves, with limited volatility around neutral announcements.
Recent Company History
Over the last few weeks, GAMI reported multiple developments, including Q1 2026 results with AUM at $35.1 billion and revenues of $65.9 million, plus a new Gabelli Growth Collective Investment Trust launch and an ETF surpassing $50 million in AUM. A board appointment on May 6, 2026 and an upcoming June 4 symposium rounded out activity. These events frame the current distribution announcement within an ongoing period of product expansion and corporate activity.
Key Terms
regulated investment companies, net investment income, return of capital, net asset value, +4 more
8 terms
regulated investment companiesregulatory
"minimum distribution requirements of the Internal Revenue Code for regulated investment companies"
Regulated investment companies are pooled investment vehicles — such as mutual funds and some exchange-traded funds — that follow specific tax and operating rules so they can pass most investment income directly to shareholders without paying corporate income tax. Think of them as a shared basket that must meet packing and labeling rules to distribute fruit straight to owners; for investors this affects how returns are taxed, how income is paid out, and the fund’s legal protections and reporting obligations.
net investment incomefinancial
"exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income""
Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.
return of capitalfinancial
"then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital"
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
net asset valuefinancial
"monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
"up to the maximum federal income tax rate for long term capital gains, which is currently 20%"
Profit realized when an investor sells an asset they have owned longer than the legally specified holding period; these gains are taxed under “long-term” rules that typically carry lower tax rates than gains on assets sold quickly. It matters to investors because lower tax rates increase the amount of money they keep after a sale, so holding an investment longer can be like letting a high-interest coupon compound before withdrawing the cash, affecting decisions about when to sell and overall portfolio returns.
"may be treated as long-term capital gain or qualified dividend income (or a combination of both)"
Qualified dividend income is dividend money that meets government rules so it’s taxed at the same lower rates as long-term capital gains instead of at higher ordinary income rates. For investors this matters because it increases the after-tax return on dividend-paying stocks or funds—similar to getting a discount on your tax bill if you hold the investment long enough and the payout comes from approved sources.
Form 1099-DIVregulatory
"taxable accounts will receive written notification ... via Form 1099-DIV"
Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.
Medicare surchargeregulatory
"will be required to pay a 3.8% Medicare surcharge on their "net investment income""
An extra fee or tax added to certain incomes, premiums, or transactions to help fund public health insurance programs commonly called Medicare. For investors, it matters because this surcharge can reduce after-tax returns, increase payroll or corporate costs, and affect companies’ profit forecasts much like a new toll that raises the cost of doing business or lowers the money individuals have available to invest.
RYE, N.Y., May 13, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.17 per share cash distribution payable on June 23, 2026 to common shareholders of record on June 15, 2026.
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 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.
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 2026 would include approximately 6% from net investment income, 63% from net capital gains and 31% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.
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 $216 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).
What dividend did Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) declare for Q2 2026?
Gabelli Healthcare & WellnessRx Trust declared a $0.17 per share cash distribution for the second quarter of 2026. According to the fund, it is payable June 23, 2026, to common shareholders of record on June 15, 2026.
When is the record date and payment date for the GRX $0.17 distribution in June 2026?
The GRX distribution has a record date of June 15, 2026 and a payment date of June 23, 2026. According to the fund, shareholders of record on June 15 will receive the $0.17 per share cash payout.
What is Gabelli Healthcare & WellnessRx Trust’s distribution policy for GRX in 2026?
Gabelli Healthcare & WellnessRx Trust aims to pay quarterly distributions with a potential December adjustment. According to the fund, the Board reviews income, realized capital gains, and capital each quarter, and the distribution policy can be modified or terminated at any time.
How are the 2026 GRX distributions expected to be classified for investors?
For 2026, GRX distributions are estimated at 6% net investment income, 63% net capital gains, and 31% return of capital on a book basis. According to the fund, these components are estimates and the final tax character will be determined after year-end.
What does return of capital mean for Gabelli Healthcare & WellnessRx Trust (GRX) shareholders?
Return of capital generally represents a return of part of an investor’s original investment and is usually not taxable. According to the fund, such amounts reduce a shareholder’s cost basis rather than being treated as current taxable income.
Are GRX distributions the same as dividend yield or total return for investors?
GRX’s distribution rate should not be considered its dividend yield or total return. According to Gabelli Healthcare & WellnessRx Trust, shareholders should not infer investment performance from the current distribution amount, as portions may be capital gains or return of capital.
What are the potential tax implications of GRX distributions for U.S. individual shareholders?
GRX distributions may be treated as long-term capital gains, qualified dividend income, investment company taxable income, or return of capital. According to the fund, higher-income U.S. individuals, estates, or trusts may also owe a 3.8% Medicare surcharge on net investment income.
