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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sun, December 5, 5:50 AM
| This Slide: #371 of 573 |
Slide #371. 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.
The Gabelli Healthcare & WellnessRx Trust is registered as a diversified closed-end management investment company. The Fund's investment objective is long term growth of capital.
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