Tekla Healthcare Opportunities Fund Paid Distribution
October 31 2018 - 3:17PM
Business Wire
On October 31, 2018, Tekla Healthcare Opportunities Fund paid a
monthly distribution of $0.1125 per share. It is currently
estimated that this distribution is derived from net realized
short-term capital gains, net realized long-term capital gains and
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 appreciation of
portfolio securities and net realized gains on sale of securities
is $9,885,771, of which $9,260,179 represents net unrealized
appreciation of portfolio securities.
The following table sets forth the estimated amounts of the
current distribution, paid on October 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
ofCurrent Distribution
Total CumulativeDistributions
for the Fiscal Year to Date1
Percentage Breakdownof the Total
CumulativeDistributions for theFiscal Year to
Date1
Net Investment Income $0.0000 0 %
$0.0000 0 % Net Realized ST Cap Gains
$0.0068 6 % $0.0068
6 % Net Realized LT Cap Gains $0.0561
50 % $0.0561 50 % Return
of Capital or Other Capital Source $0.0496
44 % $0.0496 44 % TOTAL (per
common share): $0.1125 100 %
$0.1125 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
September 30, 20182
10.85 % Annualized current distribution rate
expressed as a percentage of NAV as of September 30, 2018
6.40 % Cumulative
total return at NAV for the fiscal year, through September 30,
20183 13.32
% Cumulative fiscal year-to-date distribution rate expressed as a
percentage of NAV as of September 30, 20181
0.53 %
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 Healthcare Opportunities Fund (NYSE: THQ) 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 $3.3 billion of assets under management as of
September 30, 2018. Tekla also serves as investment adviser to
Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences
Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW),
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 THQ@destracapital.com or
call (877) 855-3434 if you have any questions regarding THQ.
1 The Fund’s current fiscal year began on October 1, 2018.2
Inception date was July 29, 2014, 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 September 30, 2018.
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Destra Capital Investments877-855-3434THQ@destracapital.com
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