Tekla Life Sciences Investors Declares Distribution
August 15 2023 - 9:55AM
Business Wire
On August 15, 2023, Tekla Life Sciences Investors declared a
distribution of $0.32 per share. The record date for the
distribution is August 25, 2023 and the payable date is September
29, 2023. The Fund will trade ex-distribution on August 24,
2023.
Under its distribution policy, the Fund intends to make
quarterly distributions at a rate of 2% of the Fund’s net assets.
Therefore, when the net assets of the Fund are down, the
distribution per share amount will decrease and when the net assets
are up, the distribution amount per share will increase. This
distribution will automatically be paid in newly issued shares of
the Fund unless otherwise instructed by the shareholder. The shares
will be valued at the lower of the net asset value or market price
on the pricing date, September 21, 2023. Fractional shares will
generally be settled in cash, except for registered shareholders
with book entry accounts at the transfer agent who will have whole
and fractional shares added to their account.
Shareholders may request to be paid in cash instead of shares by
responding to the bank, brokerage or nominee who holds the shares
if the shares are in “street name” or by filling out an election
card received from Computershare Investor Services shortly after
the record date if the shares are in registered form. The bank,
brokerage or nominee who holds the shares must advise the
Depository Trust Company ("DTC") as to their full and fractional
share requirements by September 20, 2023. Written notification for
the election of cash instead of stock by registered shareholders
must be received by Computershare Investor Services prior to
September 20, 2023.
Tekla Life Sciences Investors (NYSE: HQL) is a closed-end fund
that invests in public and private companies in the life sciences
industry. Tekla Capital Management LLC, based in Boston, serves as
Investment Adviser to the Fund. Shares of the Fund can be purchased
on the New York Stock Exchange through any securities broker.
Information regarding the Fund and Tekla Capital Management LLC
can be found at www.teklacap.com.
Please contact Destra Capital Advisors, the Fund’s marketing and
investor support services agent, at HQL@destracapital.com or call
(877) 855-3434 if you have any questions regarding HQL.
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version on businesswire.com: https://www.businesswire.com/news/home/20230815154540/en/
Destra Capital Advisors HQL@destracapital.com (877) 855-3434
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