The rights offering (the “Offering”) made by The Gabelli Healthcare & Wellness Rx Trust (the “Fund”) (NYSE:GRX) to the Fund’s common shareholders will expire on Wednesday, July 17, 2013 at 5:00 PM Eastern time. SUMMARY OF THE TERMS OF THE OFFERING
- Each shareholder received one transferable right (the “Right”) for each common share held on the record date (June 17, 2013).
- Three Rights plus $9.00 (the “Subscription Price”) is required to purchase one additional common share (the “Primary Subscription”). The purchase price is payable in cash.
- Record date shareholders who fully exercise their Primary Subscription Rights are eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata allotment, for any additional common shares not purchased pursuant to the Primary Subscription. Rights acquired in the secondary market may not participate in the over-subscription privilege.
- Rights may be traded on the NYSE under the symbol “GRX RT”.