SCHEDULE: Gabelli Affiliates Boost Stake in Healthcare & WellnessRx Trust

A group of entities and individuals associated with Mario Gabelli significantly increased their beneficial ownership in Gabelli Healthcare & WellnessRx Trust's Preferred Shares through a private placement.

Summary

• A group of reporting persons, including GAMCO Investors, Inc., Gabelli Foundation, Inc., Associated Capital Group, Inc., and Mario J. Gabelli, collectively acquired additional Preferred Shares of Gabelli Healthcare & WellnessRx Trust.
• The reporting persons used approximately $23,860,000 to purchase additional Series E and Series G Preferred Shares in a private placement.
• The aggregate beneficial ownership of the reporting persons now stands at 5,500,000 shares, representing 77.77% of the 7,072,014 shares outstanding.
• Key individual and entity holdings include Associated Capital Group, Inc. with 2,400,000 shares (33.94%), Mario Gabelli with 1,200,000 shares (16.97%), and Gabelli Foundation, Inc. with 1,000,000 shares (14.14%).
• All reported transactions occurred on December 26, 2025, with shares purchased at a price of $10.0000 per share.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a group of related entities and individuals, including Mario Gabelli, through a substantial private placement, indicates strong confidence and long-term commitment to the issuer's preferred shares.

Positives

• Significant increase in beneficial ownership by a group of related entities and individuals, including Mario Gabelli, signaling strong insider confidence.
• A substantial investment of approximately $23,860,000 in the issuer's preferred shares through a private placement.

Future Outlook

The reporting persons intend to maintain regular communication with the Issuer's management, and their filing of a Schedule 13D (rather than a Schedule 13G) ensures compliance with reporting obligations under the Exchange Act for these ongoing interactions.

Industry Context

This filing indicates a significant consolidation of ownership in the preferred shares of a healthcare and wellness-focused trust by a prominent investment group. While not directly an operational update, it reflects a strong commitment from a major, related investor in the sector.

Related Party Transactions

• The filing details the acquisition of preferred shares by a group of entities and individuals (Reporting Persons) that are all closely associated with Mario Gabelli, who holds controlling positions across many of these entities (e.g., controlling stockholder/CEO of GGCP and GBL, Executive Chairman of AC). This constitutes a significant related-party transaction.

Stakeholder Impact

• Shareholders: Increased stability and potential confidence due to a large, committed, and related shareholder base holding a significant majority of the preferred shares.
• Creditors: Potentially enhanced creditworthiness due to strong insider commitment and a substantial capital infusion through the private placement.

Next Steps

• The Reporting Persons will continue to communicate regularly with the Issuer's management.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Mario Gabelli and his affiliated entities, acquiring 77.77% of the preferred shares through a private placement, signals strong conviction and long-term commitment. This insider confidence, coupled with the stable nature of preferred shares, makes it an attractive investment.

Keywords

Gabelli, Healthcare, WellnessRx Trust, Preferred Shares, Schedule 13D, Beneficial Ownership, Private Placement, Mario Gabelli, Investment