GlobeNewswire·Nov 11, 2026, 12:32 PM ET

Gabelli Healthcare & WellnessRx Trust Increases Quarterly Distribution 18% to $0.20 from $0.17 Annualized Distribution to $0.80 from $0.68 Per Share

The Board of Trustees of The Gabelli Healthcare & Wellness Rx Trust (NYSE: GRX) approved an increase in the annualized distribution to $0.80 per share.
The new distribution will be paid quarterly at $0.20 per share, commencing with the payment on December 18, 2026.
Common shareholders of record on December 11, 2026, are eligible to receive the quarterly distribution.
The Fund may also pay an adjusting distribution in December to satisfy Internal Revenue Code minimum distribution requirements.
The Board of Trustees reviews potential distributions quarterly based on income, capital gains, net asset value, & market conditions.
The distribution policy is subject to modification or termination by the Board with no guarantee of continuation.
Distributions may be classified as long-term capital gain or qualified dividend income, potentially subject to a 20% federal tax rate or a 3.8% Medicare surcharge for high-income individuals.
If distributions exceed the Fund's earnings, the excess is treated as a return of capital, which reduces the shareholder's cost basis & is generally not taxable.
Based on current 2026 accounting records, estimated distribution components are 11% net investment income, 52% net capital gains, & 37% return of capital.
Final tax component determinations for 2026 will be made after year-end, with Form 1099-DIV notifications sent in early 2027.
The Fund is a closed-end management investment company with $237 million in total net assets managed by Gabelli Funds, LLC.