Gabelli Healthcare & WellnessRX Trust to Redeem Its Outstanding 5.76% Series A Cumulative Preferred Shares
The Gabelli Healthcare & Wellness Trust Common Shares of Beneficial Interest (GRX)
US:NYSE Investor Relations:
gabelli.com/funds/products/-118.html
Company Research
Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Healthcare & WellnessRX Trust (NYSE:GRX) (the “Fund”) authorized the redemption of all outstanding 5.76% Series A Cumulative Preferred Shares (the “Series A Preferred”). The shares will be redeemed at $25.0520 per Series A Preferred (the “Redemption Price”), which consists of $25.00 per Series A Preferred (the liquidation preference) plus accumulated and unpaid dividends and distributions to the redemption date of April 9, 2020 (the “Redemption Date”).As of the Redemption Date, the Series A Preferred will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the Series A Preferred shareholders with respect to the Series A Preferred will cease, except the right to receive the Redemption Price.The Series A Preferred Shares, which trade on the New York Stock Exchange under the symbol “GRX Pr A”, are rated “A2” by Moody’s Investors Service and have an annual dividend rate of $1.44 per
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