Tekla World Healthcare Fund Paid Distribution
August 31 2018 - 11:12AM
Business Wire
On August 31, 2018, Tekla World Healthcare Fund paid a monthly
distribution of $0.1167 per share. It is currently estimated that
this distribution is derived from return of capital or other
capital source. The composition of this and subsequent
distributions may vary from month to month because it may be
materially impacted by future realized gains and losses on
securities. The aggregate of the net unrealized depreciation of
portfolio securities and net realized losses on sale of securities
is -$82,977,607, of which $78,289,438 represents net unrealized
depreciation of portfolio securities.
The following table sets forth the estimated amounts of the
current distribution, paid on August 31, 2018, and the cumulative
distributions paid this fiscal year-to-date from the following
sources: net investment income, net realized short-term capital
gains, net realized long-term capital gains, and return of capital
or other capital source. The Fund estimates that it has distributed
more than its income and net realized capital gains; therefore, a
portion of your distribution may be a return of capital. A return
of capital may occur, for example, when some or all of the money
that you have invested in the Fund is paid back to you. A return of
capital distribution does not necessarily reflect the Fund’s
investment performance and should not be confused with ‘yield’ or
‘income’. All amounts are expressed per common share.
CurrentDistribution
PercentageBreakdown of
CurrentDistribution
Total CumulativeDistributions
for theFiscal Year to Date1
Percentage Breakdownof the Total
CumulativeDistributions for theFiscal Year to
Date1
Net Investment Income $0.0000
0% $0.2611 20% Net
Realized ST Cap Gains $0.0000
0% $0.0648 5% Net
Realized LT Cap Gains $0.0000
0% $0.0000 0%
Return of Capital or Other Capital Source
$0.1167 100% $0.9578
75% TOTAL (per common share):
$0.1167 100%
$1.2837 100%
The table below includes information relating to the Fund’s
performance based on its NAV for certain periods.
Average annual return at NAV for the period
from inception through July 31, 20182 1.62%
Annualized current distribution rate expressed as a percentage of
NAV as of July 31, 2018 9.40% Cumulative total
return at NAV for the fiscal year, through July 31, 20183
4.50% Cumulative fiscal year-to-date distribution
rate expressed as a percentage of NAV as of July 31, 20181
8.62%
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s managed distribution policy.
The amounts and sources of distributions reported in this press
release are only estimates and are not being provided for tax
reporting purposes. The actual amounts and sources of the amounts
for tax reporting purposes will depend upon the Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund
that invests in companies in the healthcare industry.
Tekla Capital Management LLC, the Fund’s investment adviser, is
a Boston, MA based healthcare-focused investment manager with
approximately $3.0 billion of assets under management as of June
30, 2018. Tekla also serves as investment adviser to Tekla
Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors
(NYSE: HQL) and Tekla Healthcare Opportunities Fund (NYSE: THQ),
closed-end funds that invest in companies in the healthcare and
life sciences industries. Information regarding the Funds and Tekla
Capital Management LLC can be found at www.teklacap.com.
Please contact Destra Capital Investments, the Fund’s marketing
and investor support services agent, at THW@destracapital.com or
call (877) 855-3434 if you have any questions regarding THW.
1 The Fund’s current fiscal year began on October 1, 2017.2
Inception date was June 26, 2015, which is the date of the initial
public offering.3 Cumulative total return at NAV is the percentage
change in the Fund’s NAV and includes all distributions and assumes
the reinvestment of those distributions for the period of September
30, 2017 through July 31, 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20180831005318/en/
Destra Capital Investments877-855-3434THW@destracapital.com
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