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 – GRX
-0.22%
-0.22%Session close to close
In the May 13 session, GRX declined 0.22%, reflecting a mild negative market reaction.
This announcement details a second-quarter cash distribution of $0.17 per share, with payment on Jun...
Analysis
This announcement details a second-quarter cash distribution of $0.17 per share, with payment on June 23, 2026 to holders of record on June 15, 2026. The fund reiterates its quarterly policy and clarifies that 2026 payouts are currently estimated as a mix of net investment income, net capital gains, and return of capital. Recent filings outlining NAV, returns, and governance provide additional context, while investors may watch how final year-end tax components compare with these provisional estimates.
Key Figures
Q2 distribution:$0.17 per sharePayment date:June 23, 2026Record date:June 15, 2026+5 more
8 metrics
Q2 distribution$0.17 per shareDeclared cash distribution for second quarter 2026
Payment dateJune 23, 2026Payable date for declared distribution
Record dateJune 15, 2026Shareholders of record eligible for distribution
2026 mix - income6%Estimated 2026 distribution from net investment income (book basis)
2026 mix - capital gains63%Estimated 2026 distribution from net capital gains (book basis)
2026 mix - return of capital31%Estimated 2026 distribution deemed return of capital (book basis)
Max long-term capital gains tax rate20%Maximum federal rate for individuals on long-term gains/qualified dividends
Medicare surcharge3.8%Additional tax on net investment income above certain thresholds
Announced $0.17 per share quarterly cash distribution for first quarter 2026.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Limited history shows a prior 2026 distribution declaration accompanied by a small negative move, suggesting distribution announcements have not driven strong positive reactions.
Recent Company History
Recent developments center on routine fund operations and governance. A prior quarterly distribution of $0.17 per share was declared on Feb 11, 2026, and the fiscal 2025 N-CSR showed NAV per common share of $10.53 with NAV total return of 1.73% and market total return of 6.93%. Governance and ownership remain closely tied to Gabelli-affiliated entities, with multiple insider and preferred-share filings in late 2025 and early 2026 framing today’s second-quarter distribution update.
Key Terms
regulated investment companies, internal revenue code, net investment income, long-term capital gain, +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.
internal revenue coderegulatory
"In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code"
The Internal Revenue Code is the U.S. federal law that sets the rules for calculating, collecting, and enforcing taxes — essentially the country's tax rulebook. It matters to investors because those rules determine how much companies and individuals actually keep after taxes, affecting profits, cash flow, dividend payouts, deal structures and the after-tax return on investments; changes in the Code can change financial outcomes and investment strategy much like a rule change in a game.
net investment incomefinancial
"net investment income, which includes dividends received from the Fund and capital gains"
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.
long-term capital gainfinancial
"All or part of the distribution may be treated as long-term capital gain or qualified dividend income"
A long-term capital gain is the profit you make from selling an investment, like stocks or property, after holding onto it for more than a year. It matters because these gains are often taxed at a lower rate than quick profits, encouraging people to invest and keep their investments longer.
qualified dividend incomefinancial
"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.
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.
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.
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.
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.
