Gabelli Healthcare & WellnessRx Trust Reaffirms Its Quarterly Distribution Policy and Declares First Quarter Distribution of

  Gabelli Healthcare & WellnessRx Trust Reaffirms Its Quarterly Distribution
  Policy and Declares First Quarter Distribution of $0.10 Per Share

Business Wire

RYE, N.Y. -- February 28, 2013

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 March 21, 2013 to common shareholders
of record on March 14, 2013.

Under this distribution policy, the Fund plans to make quarterly cash
distributions of $0.10 per common share. The Board of Trustees may change the
amount of the quarterly distribution at any time. In addition to the quarterly
distributions, and in accordance with the minimum distribution requirements
for the Internal Revenue Code, the Fund may pay an adjusting distribution in
December which includes any additional income and net realized capital gains
in excess of the quarterly distributions for that year.

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 and 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 is 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.

All or part of the distribution may be treated as long-term capital gain or
qualified dividend income (or a combination of both) for individuals, each
subject to the maximum federal income tax rate, which is currently 20% in
taxable accounts for individuals. In addition, for taxable years beginning on
or after January 1, 2013, certain U.S. shareholders who are individuals,
estates or trusts and whose income exceeds certain thresholds will be required
to pay a 3.8% Medicare tax on their "net investment income", which includes
dividends received from the Fund and capital gains from the sale or other
disposition of shares of the Fund.

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 February 13, 2013, the current distribution to
common shareholders would include approximately 16% from net investment
income, 82% from net capital gains and 2% from paid-in capital 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 2013 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 2013 distributions in early 2014 via Form 1099-DIV.

The Gabelli Healthcare & Wellness^Rx Trust is a non-diversified, closed-end
management investment company with $145 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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