Billionaire investor Mario Gabelli's investment firm, GAMCO, has filed a class-action lawsuit in Delaware Chancery Court on behalf of shareholders of the Gabelli Value 25 Fund and approximately 750 GAMCO advisory clients who held Paramount Global Class A shares prior to the August 7, 2025, merger with Skydance Media. The lawsuit alleges that Shari Redstone’s National Amusements Inc. (NAI) received significantly higher consideration—over $60 per share—compared to the $23 per share received by other Class A shareholders, including GAMCO clients. GAMCO claims a lack of transparency from Paramount Global, citing a failure to disclose the value of NAI’s non-Paramount assets and the absence of a shareholder vote on the merger. The case stems from a control transaction where NAI, which owned about 77% of Paramount’s Class A shares, was sold to Skydance-RedBird, with the deal valued at $6 billion in total enterprise value, funded primarily by the Ellison family and RedBird. The transaction included capped indemnification rights of $200 million for NAI shareholders, replacing prior uncapped protections.

Saba Capital Management, L.P. and Boaz Weinstein purchased shares of Gabelli Healthcare & WellnessRx Trust (NASDAQ:GRX) in two transactions totaling $102,061. The first transaction on July 10, 2025, involved 3,952 shares at $9.48 per share, while the second on July 11, 2025, included 6,894 shares at $9.37 per share. The combined holdings now total 1,987,721 shares.

Wealthcare Advisory Partners LLC reduced its stake in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) by 41.4% in Q1 2025, while other institutional investors increased their holdings. The fund announced a quarterly dividend of $0.17, up from $0.15, with a 7.20% yield. The fund, managed by Gabelli Funds, LLC, invests globally in healthcare and wellness stocks.

The Gabelli Healthcare & Wellness Trust released a Q1 2025 commentary, providing insights into its performance and strategic outlook for the healthcare sector.

Gabelli Healthcare & WellnessRx Trust (GRX) announced a 13% increase in its quarterly distribution from $0.15 to $0.17 per share, raising the annual distribution from $0.60 to $0.68 per share. The distribution is composed of 4% net investment income, 80% net capital gains, and 16% return of capital, reflecting strong portfolio performance and tax implications for shareholders.