Home Financial Markets What Took Gabelli Healthcare (GRX) Stock Down 18% In Pre-Market?

What Took Gabelli Healthcare (GRX) Stock Down 18% In Pre-Market?

The Gabelli Healthcare & Wellness Trust (GRX) is sinking -18.33% in pre-market trading today following the announcement of a cash distribution by the organization to common shareholders.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What is actually happening?


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


As a diversified, closed-ended investment management company, Gabelli Healthcare (the Fund) has a total net asset value of $286 million and it has a primary investment objective of superior long-term capital growth. A division of GAMCO Investors, Inc. (NYSE: GBL), Gabelli Funds, LLC.manages the Fund.

Read More

In a press release yesterday, Gabelli Healthcare has declared a cash distribution to shareholders of record on March 17, 2021, to pay $0.15 per share to its shareholders on March 24, 2021. An amount determined each quarter by the Board of Trustees will be distributed quarterly by the Fund.

Any changes to the amount of the quarterly distribution will be made at the Board of Trustees’ discretion. Taking into account the Fund’s financial market environment and its net asset value, the Board will monitor the distribution level of the Fund. The Fund’s distribution policy may be changed or terminated at any time, and there is no guarantee that the policy will continue. Shareholders should not consider the distribution rate the dividend yield or return on their investment in the Fund.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

If the fund does not earn sufficient earnings arising from dividends, interest, and net reallocated capital gains, less expense, to cover its distribution payments, then the excess distributions would be considered a return of capital, said GRX. That would be considered only a return of a portion of a shareholder’s investment, and it is not taxed and is essentially a reduction of cost basis.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Is BTZI Stock Increasing Today?

The stock price of BOTS, Inc. (OTCPink: BTZI) has been rising more than 7% today and was buoying at $0.1266 at the last check....

Why Has The KBSF Stock Price Gained 10% In Last Session?

As of Friday's normal trading session, the price of KBS Fashion Group Limited (NASDAQ: KBSF) rose $0.26 or 9.96% to conclude at $2.87. KBS...

Why Royal Bank of Canada (RY) stock plummeted in after-hours on Friday?

Royal Bank of Canada (RY) stock lost 64.36% in the extended hour trading session on Friday, April 16, 2021. The RY stock gained merely...

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY...

Is This Why The APLD Stock Skyrocketed Last Trading?

Applied Science Products, Inc. (OTCPK: APLD) closed at $0.635 and experienced a 215.92% increase on Friday. A total of 2.07M shares of Applied Science...

The CRSS Stock Increased 82% In The Last Session Due To What?

Stock of Crossroads Systems, Inc. (OTCQX: CRSS) gained 81.82% or $18.00 in Friday's trading session, closing the day at $40.00 a share. Crossroads Systems...

How Did The ZVO Stock Appreciate 9% In The Last Trading Session?

Zovio Inc (NASDAQ: ZVO) normally sees about 413.34K shares traded on a regular business day but on a Friday it saw a bit higher...

Related News

Why Did IMCR Stock Go 20% Higher On Wednesday?

In Wednesday’s trading session, Immunocore Holdings plc (NASDAQ: IMCR) increased by 19.70%, closing at $6.5 down from the previous day’s closing price. Shares of...

The BIOL Stock Rocketed 34% Last Day For What Reason?

At the close of business on 04/08/21, stock of the global leader in dental lasers, BIOLASE Inc. (NASDAQ: BIOL) was up 33.86% at $1.02....

Why Did The XELB Stock Rise 54% On Monday?

A rise of 54.40% or $1.05, has been reported in Xcel Brands Inc. (NASDAQ: XELB) for Monday’s trading session. While the Xcel Brands stock...

How Did The Last Trading Bring The SNOA Stock Up 18%?

A share of Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) concluded at $8.80 at the close of the previous trading session, increasing 18.44%. The volume of...

The IVAC Stock Rocketed Nearly 32% In Last Trading, Why?

The share price of Intevac Inc. (NASDAQ: IVAC) rose by $1.72 or 31.68% Wednesday on volume of 4.83 million shares to a closing price...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.