Welcome to our dedicated page for Gabelli Health & Wellness news (Ticker: GRX), a resource for investors and traders seeking the latest updates and insights on Gabelli Health & Wellness stock.
The Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) is a diversified, closed-end management investment company with a primary objective of long-term capital growth. News about GRX often centers on its capital structure, distribution policy, and activities within the healthcare and wellness investment universe.
Investors following GRX news can expect regular announcements from the Board of Trustees regarding quarterly cash distributions to common shareholders, as well as any adjusting distributions made to satisfy regulated investment company requirements. These updates typically explain how distributions relate to income, realized capital gains, and potential return of capital, along with preliminary estimates of the tax character of payments.
Another recurring news theme for the Fund is its use of cumulative preferred shares. Company releases have detailed offerings and private placements of preferred share series, including terms such as dividend rates, liquidation preferences, non-call periods, and mandatory redemption dates. News has also covered redemptions of outstanding preferred series and the Fund’s plans for using proceeds from new preferred issuances.
Coverage of GRX may also include information about changes or additions to the investment team, particularly portfolio managers and analysts focused on healthcare-related sectors. These items provide context on how the Fund is managed within Gabelli Funds, LLC.
For investors and researchers, the GRX news page brings together these distribution announcements, preferred share actions, and management updates in one place. Reviewing this news history can help users understand how the Fund’s policies, capital structure, and thematic focus in healthcare and wellness have been communicated over time.
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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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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