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Gabelli Healthcare & WellnessRx Trust Completes Successful Rights Offering Which Raises Over $33 Million

The Gabelli Healthcare & Wellness Rx Trust (the “Fund”) (NYSE:GRX) is pleased to announce the completion of its transferable rights offering (the “Offering” or “Offer”) in which the Fund issued 3,739,154 common shares, totaling $33,652,386. The Offering was significantly over-subscribed. Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each common share of the Fund to shareholders of record (record date shareholders) as of June 17, 2013. Holders of Rights were entitled to purchase one common share by submitting three Rights and $9.00 per share (the subscription price).

The Fund received total subscriptions (including over-subscription requests) for over 9.4 million common shares, or approximately 253% of the shares available, totaling approximately $85 million. The over-subscription requests exceeded the over-subscription shares available. As a result, the available over-subscription shares were allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Rights originally issued to them by the Fund. The Fund retained approximately $33.6 million with the balance to be returned to those investors that submitted over-subscription requests to the full extent of their excess payments tendered. Approximately 72% of the shares issued were subscribed for in the primary subscription, and the remaining shares issued were subscribed for pursuant to the over-subscription privilege.

All of the common shares subscribed for were issued on July 25, 2013. It is anticipated that these shares will be delivered on or about July 26, 2013.

We thank all our subscribing shareholders as well as the full service brokers and financial advisers who assisted our shareholders throughout the Offering.

The Gabelli Healthcare & Wellness Rx Trust is a diversified, closed-end management investment company with approximately $197 million in total net assets, after giving effect to the full subscription of the Offering, whose investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.

This press release is not an offering, which can only be made by a prospectus. Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. The Fund’s prospectus contains this and other important information and should be read carefully before investing. Visit www.gabelli.com for more information about the Fund.



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