Gabelli Healthcare & Wellness completes rights offering, raises over $44 mln

Wednesday, 16 Jul 2014 04:10pm EDT 

Gabelli Healthcare & Wellness Trust:Completes transferable rights offering in which the fund issued 4,985,538 common shares, totaling $44,869,842.Offering was significantly over-subscribed.Pursuant to the offer, the fund issued one transferable right for each common share of the fund to shareholders of record as of June 3, 2014. Holders of Rights were entitled to purchase one common share by submitting three Rights and $9.00 per share.All of the common shares subscribed for were issued on July 16, 2014. It is anticipated that these shares will be delivered on or about July 17, 2014. 

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