Gabelli Healthcare & WellnessRX Trust to Redeem Its Outstanding 5.875% Series B Cumulative Preferred Shares

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 5.875% Series B Cumulative Preferred Shares (the “Series B Preferred”).The Series B Preferred Shares will be redeemed at $25.3590278 per share (the “Redemption Price”), which consists of $25.00 per share (the “Liquidation Preference”) plus $0.3590278 per share representing accumulated and unpaid dividends and distributions to the redemption date of December 24, 2020 (the “Redemption Date”).