Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 9:14 AM
Slide #212. The Gabelli Healthcare & WellnessRx Trust — Preferred Stock Offering
||The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX)
||5.875% Series B Cumulative Preferred Shares (NYSE:GRX.PRB)
|Date of Pricing:
|Price Per Share:
|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 2016, the Fund's total assets were $283,948,677 and its investment portfolio totaled $282,405,920..
Preferreds: GRX.PRA, GRX.PRB
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