Tekla Healthcare Opportunities Fund Paid Distribution
July 29 2022 - 10:35AM
Business Wire
On July 29, 2022, 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
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 $167,373,327 of which
$151,795,174 represents net unrealized appreciation of portfolio
securities.
The following table sets forth the estimated amounts of the
current distribution, paid on July 29, 2022, 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 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.
Current
Distribution
Percentage Breakdown
of Current Distribution
Total Cumulative Distributions
for the Fiscal Year to Date1
Percentage Breakdown of
the Total Cumulative Distributions for the Fiscal Year to
Date1
Net Investment Income
$0.0000
0%
$0.0060
1%
Net Realized ST Cap Gains
$0.0000
0%
$0.1385
12%
Net Realized LT Cap Gains
$0.0329
29%
$0.3099
27%
Return of Capital or Other Capital
Source
$0.0796
71%
$0.6706
60%
TOTAL (per common share):
$0.1125
100%
$1.1250
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 June 30, 2017 through June 30, 2022
9.06%
Annualized current distribution rate
expressed as a percentage of NAV as of June 30, 2022
6.28%
Cumulative total return at NAV for the
fiscal year, through June 30, 20222
-4.90%
Cumulative fiscal year-to-date
distribution rate expressed as a percentage of NAV as of June 30,
20221
5.23%
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 billion of assets under management as of June 20,
2022. 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 Advisors, 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, 2021.
2
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, 2021 through June 30, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220729005334/en/
Destra Capital Advisors THQ@destracapital.com (877) 855-3434
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