Gabelli Healthcare offers up to $5 million 5.875% series B preferreds

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Gabelli Healthcare & Wellness Rx Trust is offering up to 200,000 series B cumulative preferred shares, according to a prospectus supplement filed with the Securities and Exchange Commission.

The 5.875% series B preferreds will have a $25.00 liquidation preference.

Dividends will be payable on a quarterly basis.

The preferreds will be callable beginning on Sept. 24, 2019.

G.research LLC is the sales manager.

The new securities will be listed on the New York Stock Exchange under the ticker symbol “GRX PrB.”

The company plans to use proceeds to purchase portfolio securities.

Gabelli Healthcare is a Rye, N.Y.-based diversified, closed-end management investment company that invests in securities of domestic and foreign companies in the healthcare and wellness industries.

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