Prospectus excerpt: The Gabelli Healthcare & WellnessRx Trust (the ÙFundˆ, Ùweˆ, Ùusˆ or Ùourˆ) is offering 1,200,000 shares of 5.76% Series A Cumulative Preferred Shares (the ÙSeries A Preferred Sharesˆ). The Series A Preferred Shares shall constitute a separate series of preferred shares.
The Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the Ù1940 Actˆ). The Fund?s investment objective is long-term growth of capital. The Fund?s investment adviser is Gabelli Funds, LLC (the ÙInvestment Adviserˆ).
Investors in Series A Preferred Shares will be entitled to receive cumulative cash dividends and distributions at a rate of 5.76% per annum. Dividends and distributions on the Series A Preferred Shares will be payable quarterly on March 26, June 26, September 26 and December 26 in each year, commencing on September 26, 2010.
The Series A Preferred Shares are redeemable at the option of the Fund on or after August 20, 2015, and are subject to mandatory redemption by us in certain circumstances.