Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & WellnessRx Trust is a closed-end investment company. Its investment objective is long-term growth of capital. The fund invests its assets in equity securities and income producing securities of domestic and foreign companies in the healthcare and wellness industries. The company was founded on February 20, 2007 and is headquartered in Rye, NY.

GAMCO Investors Inc

RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on December 20, 2024 to common shareholders of record on December 13, 2024.

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

Gabelli Healthcare & Wellness Trust (GRX) is a closed-end fund with a significant discount and historically has underperformed its peers. GRX's discount could potentially be realized as Saba Capital Management has grown its stake in the fund this year. Typically, a distribution increase is the main go-to tool, but tender offers or mergers are also an option.

GRX: Another Potential Activist Target

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.

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

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on June 21, 2024 to common shareholders of record on June 13, 2024.

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

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

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

The Gabelli Healthcare & WellnessRx Trust is an underperforming equity closed-end fund (CEF) focused on healthcare stocks. GRX has a -19% discount to net asset value, but has traded at very substantial discounts for the past five years. The fund employs a 27% leverage ratio, which has hampered its performance in 2023.

GRX: There Are Better Alternatives In The Healthcare CEF Sector

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The Gabelli Healthcare & Wellness Rx Trust seeks to provide capital gains and income from a portfolio of healthcare and wellness-focused stocks. The fund pays an attractive 6.1% distribution yield that is well funded by its long-term 5-7% total returns. However, compared to peer funds, the GRX fund has much higher expenses, lower total returns, and higher portfolio volatility. I would personally seek healthcare exposure elsewhere.

GRX: Modest Healthcare Fund Trading At A Steep Discount

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For the first month in three, equity CEFs (+0.67% on a NAV basis) on average witnessed plus-side performance. While their fixed-income CEF cohorts (+0.56%) posted gains for the second consecutive month.

The Month In Closed-End Funds: April 2023

The Gabelli Healthcare & Wellness Rx Trust generates above-average yield and is available at a huge discount. However, its annual average total return over the past five years is not that high. Aging demographics and adoption of new medical products and services has started delivering long-term growth for healthcare firms for quite some time.

GRX: High-Yielding CEF Available At Discount, Suits Income-Seeking Investors

RYE, N.Y.--( BUSINESS WIRE )--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) is pleased to announce the initial closing of a private placement of 5.20% Series G Cumulative Preferred Shares (“Series G Preferred”) with an aggregate liquidation value of $21 million.

Gabelli Healthcare & WellnessRx Trust Announces Initial Closing of Private Placement of 5.20% Series G Cumulative Preferred Shares

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2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.

Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)

If you compare GRX to other healthcare peers, it has underperformed. However, GRX isn't focused solely on healthcare, so its portfolio has a bit more flexibility.

GRX: Lagging Peers, But Discount Is Attractive

Between 2017 and 2021, GRX generated a yield of 5.2 percent and total return of 12 percent. It recorded positive returns in 8 out of the past 10 years. GRX's major investments generated mixed returns over the past 5 years. But the poor performing stocks have been replaced by well-performing ones.

GRX: Steady Yield And Returns, Portfolio Looks Impressive After Restructuring

GRX's total return has been negative, and yield has been quite average over the short term. GRX failed to record double digit average total return over the medium and long term.

GRX: Not Among The Best Closed-End Healthcare-Based Funds

GRX's return has replicated the S&P 500 index, but has always performed less than the index.

GRX: Replicates The Market, But Fails To Beat

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) announces total distributions for 2021 of $0.96 per share, which includes $0.60 previously paid plus an additional $0.36 per share. The additional cash distribution is payable on January 6, 2022 to common shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Revenue Code for re

Gabelli Healthcare & WellnessRx Trust Announces Total Distributions for 2021 of $0.96 Per Common Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) reaffirms its quarterly distribution policy and declared a $0.15 per share cash distribution payable on December 17, 2021 to common shareholders of record on December 10, 2021. The Board of Trustees also authorized an additional year end cash distribution in accordance with the minimum distribution requirements for the Internal Revenue Code, which will include any undistrib

Gabelli Healthcare & WellnessRx Trust Declares Fourth Quarter Distribution of $0.15 Per Share and Announces Additional Year End Distribution

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) is pleased to announce the issuance of four million 4.00% Series E Cumulative Preferred Shares (“Series E Preferred”) with an aggregate liquidation value of $40 million. The Series E Preferred is non-callable until December 26, 2024, and has a liquidation preference of $10 per share. Distributions are scheduled to be paid quarterly beginning on December 26, 2021. The Board

Gabelli Healthcare & WellnessRx Trust Announces the Offering of $40 Million of 4.00% Series E Cumulative Preferred Shares

Gabelli Healthcare & Wellness Trust is mainly invested in Healthcare and Health Food segments.

GRX Offers Strong Opportunity At Discounted Price

GAMCO Investors

RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc., (NYSE: GBL) announces the appointment of Jennie Tsai, Jing He, and Sara Wojda to the investment team of the Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) effective January 1, 2021. Commenting on the appointments, Mr. Gabelli said, “We are delighted to have Jennie, Jing, and Sara join the Healthcare & WellnessRx Trust team. They all have excellent foundations in Gabelli research that make them valuable additions to help o

Gabelli Healthcare & WellnessRx Trust Welcomes Jennie Tsai, Jing He, and Sara Wojda Portfolio Managers

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) is pleased to announce the issuance of two million 4.00% Series C Cumulative Preferred Shares (“Series C Preferred”) with an aggregate liquidation value of $40 million in a private placement. The Fund expects to use the net proceeds from the offering to redeem the Fund's outstanding 5.875% Series B Cumulative Preferred Shares as well as for investment purposes consistent wi

Gabelli Healthcare & WellnessRx Trust Announces the Issuance of $40 Million of 4.00% Series C Cumulative Preferred Shares

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) reaffirmed its quarterly distribution policy and declared a $0.15 per share cash distribution payable on December 18, 2020 to common shareholders of record on December 11, 2020. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time.

Gabelli Healthcare & WellnessRx Trust Reaffirms Its Quarterly Distribution Policy and Declares Fourth Quarter Distribution of $0.15 Per Share

THQ yields 7.36%, GRX yields 5.66%. THQ is selling at a -10% discount to NAV.

6%-7% Yields, 10%-16% Discounts: Tekla Healthcare Opportunities, Gabelli Healthcare & Wellness Trust

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on September 23, 2020 to common shareholders of record on September 16, 2020. The 7% increase in the quarterly distribution from $0.14 per share to $0.15 per share increases the annualized distribution rate to $0.60 per share from $0.56 per share.

News for Gabelli Healthcare & Wellness Trust ETF (GRX)