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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Tuesday, September 23, 4:22 PM

Slide #2. The Gabelli Healthcare & WellnessRx Trust Preferred Stock Offering

Company: The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX)
Date announced: 9/18/2014
Security type: 5.875% Series B Cumulative Preferred Shares (GRX.PRB)
Shares Offered: 1,400,000
Date of Pricing: 9/18/2014
Price Per Share: $25
Preferred Stock Offering Details: The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") is pleased to announce the completion of an offering of 1.4 million shares of 5.875% Series B Cumulative Preferred Shares (the "Series B Preferred") valued at $35 million. The offering is expected to close on Wednesday, September 24, 2014, subject to customary closing conditions.

Gabelli Healthcare & Wellness Trust is a non-diversified closed-end management investment company organized. The Fund's investment objective is long-term growth of capital. Under normal market conditions, the Fund will invest at least 80% of its assets in equity securities and income producing securities of domestic and foreign companies in the healthcare and wellness industries. As of Dec 31 2012, the Fund's total assets were $141,472,579 and its investment portfolio totaled $141,158,293.

Preferred: GRX.PRA

Open the GRX Page at Preferred Stock Channel »
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Name:  Gabelli Healthcare & WellnessRx Trust
Sector:  Investment Companies & Venture Capital

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