Gabelli Healthcare & WellnessRx Trust Announces Total Distributions for 2021 of $0.96 Per Common Share
20 Dezembro 2021 - 6:30PM
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
regulated investment companies and avoid Federal excise tax on
undistributed investment company taxable income. The additional
distribution will be included in the 2021 income for shareholders
subject to income tax.
All or part of the distributions may be treated as long-term
capital gain or qualified dividend income (or a combination of
both) for individuals, each subject to the maximum federal income
tax rate for long term capital gains, which is currently 20% in
taxable accounts for individuals (or less depending on an
individual’s tax bracket). In addition, certain U.S. shareholders
who are individuals, estates or trusts and whose income exceeds
certain thresholds will be required to pay a 3.8% Medicare
surcharge on their “net investment income", which includes
dividends received from the Fund and capital gains from the sale or
other disposition of shares of the Fund.
Long-term capital gains, qualified dividend income, investment
company taxable income, and return of capital, if any, will be
allocated on a pro-rata basis to all distributions to common
shareholders for the year. Based on the accounting records of the
Fund currently available, each of the distributions paid to common
shareholders for 2021 would be deemed 100% from net capital gains
on a book basis. This does not represent information for tax
reporting purposes. The estimated components of each distribution
are updated and provided to shareholders of record in a notice
accompanying the distribution and are available on our website
(www.gabelli.com). The final determination of the sources of all
distributions for 2021 will be made after year end and can vary
from the quarterly estimates. Shareholders should not draw any
conclusions about the Fund’s investment performance from the amount
of the current distribution. All individual shareholders with
taxable accounts will receive written notification regarding the
components and tax treatment for all 2021 distributions in early
2022 via Form 1099-DIV.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. For more
information regarding the Fund’s distribution policy and other
information about the Fund, call:
Bethany Uhlein (914) 921-5546
About The Gabelli Healthcare & WellnessRx Trust
The Gabelli Healthcare & WellnessRx Trust is a diversified,
closed-end management investment company with $341 million in total
net assets whose primary investment objective is long-term growth
of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary
of GAMCO Investors, Inc. (NYSE:GBL).
NYSE: GRX CUSIP – 36246K103
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version on businesswire.com: https://www.businesswire.com/news/home/20211220005881/en/
Investor Relations Contact: Bethany Uhlein 914.921.5546
buhlein@gabelli.com
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