Quarterly distribution
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Gabelli Healthcare & WellnessRx Trust Declares Fourth Quarter Distribution of $0.17 Per Share
Globenewswireยท 2025-11-12 19:31
Core Points - The Gabelli Healthcare & Wellness Trust declared a cash distribution of $0.17 per share, payable on December 19, 2025, to shareholders of record on December 12, 2025 [1] - The Fund aims to pay quarterly distributions determined by the Board of Trustees, with potential additional distributions in December based on excess income and net realized capital gains [2] - The Board of Trustees reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification or termination [3] Distribution Details - Distributions may be treated as long-term capital gains or qualified dividend income, subject to federal income tax rates, including a potential 3.8% Medicare surcharge for certain high-income shareholders [4] - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - In 2025, distributions to common shareholders are estimated to consist of approximately 5% from net investment income and 95% from net capital gains, with final determinations made after year-end [6] Fund Overview - The Gabelli Healthcare & Wellness Trust is a diversified, closed-end management investment company with total net assets of $215 million, focusing on long-term capital growth [7]