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Gabelli Healthcare & WellnessRx Trust Declares Distribution of $0.15 Per Share

Strategic Insights

— 1 min read

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust has declared a cash distribution of $0.15 per share to common shareholders of record on September 16, 2024, with a payment date of September 23, 2024. This distribution is part of the Fund's quarterly distribution policy, which aims to provide shareholders with a regular income stream. The distribution will include a combination of net investment income, net capital gains, and a return of capital.

Key Takeaways:

  • The Gabelli Healthcare & WellnessRx Trust has declared a quarterly distribution of $0.15 per share, payable on September 23, 2024, to common shareholders of record on September 16, 2024.
  • The 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 for individuals, subject to a maximum federal income tax rate of 20% in taxable accounts.
  • Some U.S. shareholders may 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 of shares.
  • If the Fund does not generate sufficient earnings to cover the aggregate distributions paid in a given year, the amount distributed in excess of the Fund's earnings would be deemed a return of capital, which is generally not taxable and would reduce the shareholder's cost basis.

Statistics:

  • Total net assets of the Fund: $251 million
  • Distribution per share: $0.15
  • Payment date: September 23, 2024
  • Record date: September 16, 2024
  • Distribution will include approximately 5% from net investment income, 88% from net capital gains, and 7% as a return of capital (book basis)
  • Estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on the Fund's website (www.gabelli.com)

Sources:

  • GlobeNewswire (MIL-OSI) - August 23, 2024 (GLOBE NEWSWIRE) -
  • The Gabelli Healthcare & WellnessRx Trust website (www.gabelli.com) - Investor Relations Contact: Bethany Uhlein, (914) 921-5546, buhlein@gabelli.com

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