Tekla World Healthcare Fund Paid Distribution
September 30 2022 - 10:22AM
Business Wire
On September 30, 2022, Tekla World Healthcare Fund paid a
monthly distribution of $0.1167 per share. It is currently
estimated that this distribution is derived from net investment
income, 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 depreciation of
portfolio securities and net realized gains on sale of securities
is $ -20,369,724, of which $41,718,082 represents net unrealized
depreciation of portfolio securities.
The following table sets forth the estimated amounts of the
current distribution, paid on September 30, 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
$0.0337
29%
$0.3584
26%
Net Realized ST Cap Gains
$0.0000
0%
$0.0000
0%
Net Realized LT Cap Gains
$0.0200
17%
$0.0200
1%
Return of Capital or Other Capital
Source
$0.0630
54%
$1.0220
73%
TOTAL (per common share):
$0.1167
100%
$1.4004
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 August 31, 2017 through August 31, 2022
6.61%
Annualized current distribution rate
expressed as a percentage of NAV as of August 31, 2022
10.98%
Cumulative total return at NAV for the
fiscal year, through August 31, 20222
-8.17%
Cumulative fiscal year-to-date
distribution rate expressed as a percentage of NAV as of August 31,
20221
10.98%
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 billion of assets under management as of June 30,
2022. 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 Advisors, 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, 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 August 31, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220930005375/en/
Destra Capital Advisors THW@destracapital.com (877) 855-3434
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