Gabelli Healthcare’s $35 million 5.875% cumulative preferreds to begin trading Friday on NYSE

By Stephanie N. Rotondo

Phoenix, Sept. 25 – The Gabelli Healthcare & WellnessRx Trust’s $35 million of 5.875% series B cumulative perpetual preferred shares will list on the New York Stock Exchange on Friday, according to a market source.

The deal priced Sept. 17. The ticker symbol is “GRXPB.”

BofA Merrill Lynch was the bookrunner.

Dividends are payable on the 26th day of March, June, September and December. The preferreds become redeemable on or after Sept. 26, 2019 at par plus accrued dividends.

Proceeds will be used for investments.

Gabelli Healthcare is a Rye, N.Y.-based diversified, closed-end management investment company.

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