Gabelli Healthcare & WellnessRx Trust Declares Fourth Quarter Distribution of $0.10 Per Share, and Announces Additional Year-End

  Gabelli Healthcare & WellnessRx Trust Declares Fourth Quarter Distribution
  of $0.10 Per Share, and Announces Additional Year-End Distribution

Business Wire

RYE, N.Y. -- November 19, 2012

The Board of Trustees of The Gabelli Healthcare & Wellness^Rx Trust (NYSE:
GRX) (the “Fund”) reaffirmed its quarterly distribution policy and declared a
$0.10 per share cash distribution payable on December 20, 2012 to common
shareholders of record on December 14, 2012.

The Board of Trustees also declared an additional year-end cash distribution
in accordance with the minimum distribution requirements for the Internal
Revenue Code, which will include any additional income and realized net
capital gains in excess of the quarterly distributions for the year. The Board
of Trustees has yet to determine the amount of the additional distribution and
it will be announced at a later date.

The additional year-end cash distribution will be payable on December 20, 2012
to common shareholders of record on December 14, 2012.

All of the preferred and common share distributions for the year will have the
same proportion of net investment income and short and long term capital
gains.

The Board of Trustees currently intends to maintain the quarterly distribution
level of $0.10 per share. The Board of Trustees believes that this
distribution policy is in the best interests of the Fund’s common
shareholders. The Board of Trustees recognizes that cash flow may be a
consideration for many of the Fund’s shareholders and believes that periodic
cash distributions may attract investors seeking cash flow.

Each quarter, the Board of Trustees reviews the amount of any potential
distribution from the income, capital gain, or capital available. The Board of
Trustees will continue to monitor the Fund’s distribution level, taking into
consideration the Fund’s net asset value and the financial market environment.
The Fund’s distribution policy and the amount of the quarterly distribution
are subject to modification or termination by the Board of Trustees at any
time. The distribution rate should not be considered the dividend yield or
total return on an investment in the Fund.

A portion of the distribution may be treated as long-term capital gain and
qualified dividend income for individuals, each subject to the maximum federal
income tax rate for such income, which is currently 15% in individual taxable
accounts. If the Fund does not generate sufficient earnings (dividends and
interest income and realized net capital gain) equal to or in excess of the
aggregate distributions paid by the Fund in a given year, then the amount
distributed in excess of the Fund’s earnings would be deemed a return of
capital. Because this would be considered a return of a portion of a
shareholder’s original investment, it is generally not taxable and would be
treated as a reduction in the shareholder’s cost basis. Under federal tax
regulations, some or all of the return of capital distributed by the Fund may
be taxable as ordinary income in certain circumstances. This could occur when
the Fund has a capital loss carry forward, net capital gains are realized in a
fiscal year, and distributions are made in excess of investment company
taxable income.

Long-term capital gains, qualified dividend income, ordinary income, and
paid-in capital, if any, will be allocated on a pro-rata basis to all
distributions to common shareholders for the year. Based on the accounting
records of the Fund as of November 13, 2012, each of the distributions paid to
common shareholders in 2012 would include approximately 4% from net investment
income and 96% from net capital gains on a book basis. The estimated
components of each distribution are updated and provided to shareholders of
record in a notice accompanying the distribution and are available on our
website (www.gabelli.com). The final determination of the sources of all
distributions in 2012 will be made after year end and can vary from the
quarterly estimates. All shareholders with taxable accounts will receive
written notification regarding the components and tax treatment for all 2012
distributions in early 2013 via Form 1099-DIV.

The Gabelli Healthcare & Wellness^Rx Trust is a non-diversified, closed-end
management investment company with $142 million in total net assets whose
primary 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.

Contact:

The Gabelli Healthcare & Wellness^Rx Trust
Wayne C. Pinsent, CFA
Adam E. Tokar
914-921-5070
 
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