EX-99.SECTION 19(A) 4 a16-19229_1ex99dsection19a.htm EX-99.SECTION 19(A)

Exhibit 99.Section 19(a)

 

EXHIBIT 4: SECTION 19(a) NOTICE TO FUND’S SHAREHOLDERS

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    June 30, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid June 30, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0759

 

67

%

$

0.0759

 

6

%

Net Realized ST Cap Gains

 

$

0.0366

 

33

%

$

1.2345

 

94

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0045

 

0

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.3149

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through May 31, 2016(2)

 

6.77

%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2016

 

7.27

%

Cumulative total return at NAV for the fiscal year, through May 31, 2016(3)

 

6.28

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 2016(1)

 

7.08

%

 

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 plan.

 

The composition of this and subsequent distribution 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 -$37,252,488, of which $53,001,203 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2015.

(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, 2015 through May 31, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02EAPA                         002CSN6DA1

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    July 29, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid July 29, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.1125

 

100

%

$

0.1884

 

13

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

1.2345

 

87

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0045

 

0

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.4274

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through June 30, 2016(2)

 

5.92

%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2016

 

7.39

%

Cumulative total return at NAV for the fiscal year, through June 30, 2016(3)

 

5.21

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 2016(1)

 

7.82

%

 

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 plan.

 

The composition of this and subsequent distribution 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 $13,621,091, of which $2,197,382 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2015.

(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, 2015 through June 30, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02EWJB                        002CSN6E92

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    August 31, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid August 31, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0158

 

14

%

$

0.2042

 

13

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

1.2345

 

80

%

Net Realized LT Cap Gains

 

$

0.0967

 

86

%

$

0.1012

 

7

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.5399

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through July 31, 2016(2)

 

9.59

%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2016

 

6.92

%

Cumulative total return at NAV for the fiscal year, through July 31, 2016(3)

 

13.20

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 2016(1)

 

7.89

%

 

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 plan.

 

The composition of this and subsequent distribution 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 $35,797,669, of which $16,088,629 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2015.

(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, 2015 through July 31, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02FGEB                         002CSN6F92

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    September 30, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid September 30, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0195

 

17

%

$

0.2237

 

13

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

1.2345

 

75

%

Net Realized LT Cap Gains

 

$

0.0930

 

83

%

$

0.1942

 

12

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.6524

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through August 31, 2016(2)

 

8.30

%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2016

 

7.08

%

Cumulative total return at NAV for the fiscal year, through August 31, 2016(3)

 

11.31

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 2016(1)

 

8.66

%

 

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 plan.

 

The composition of this and subsequent distribution 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 $27,142,311, of which $4,111,286 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2015.

(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, 2015 through August 31, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02G0QC                        002CSN70EE

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    October 31, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid October 31, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

Current
Distribution

 

Percentage
Breakdown
of Current
Distribution

 

Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date(1)

 

Net Investment Income

 

$

0.0015

 

1

%

$

0.0015

 

1

%

Net Realized ST Cap Gains

 

$

0.0027

 

2

%

$

0.0027

 

2

%

Net Realized LT Cap Gains

 

$

0.1083

 

97

%

$

0.1083

 

97

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

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 total return at NAV for the period from inception through September 30, 2016(2)

 

8.48

%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2016

 

7.05

%

Cumulative total return at NAV for the fiscal year, through September 30, 2016(3)

 

12.44

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 2016(1)

 

0.59

%

 

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 plan.

 

The composition of this and subsequent distribution 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 -$63,671,058, of which $60,358,111 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2016.

(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, 2015 through September 30, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02GMDC                   002CSN72B5

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    November 30, 2016

 

Distribution Amount Per Common Share:    $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid November 30, 2016, 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, return of capital or other capital source. All amounts are expressed per common share.

 

 

 

 

 

Percentage

 

 

 

Percentage Breakdown

 

 

 

 

 

Breakdown

 

Total Cumulative

 

of the Total Cumulative

 

 

 

Current

 

of Current

 

Distributions for the

 

Distributions for the

 

 

 

Distribution

 

Distribution

 

Fiscal Year to Date(1)

 

Fiscal Year to Date(1)

 

 

 

 

 

 

 

 

 

 

 

Net Investment Income

 

$

0.0172

 

15

%

$

0.0187

 

8

%

Net Realized ST Cap Gains

 

$

0.000

 

0

%

$

0.0027

 

1

%

Net Realized LT Cap Gains

 

$

0.0953

 

85

%

$

0.2036

 

91

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

0.2250

 

100

%

 

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

 

Average annual total return at NAV for the period from inception through October 31, 2016(2)

 

3.87

%

Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2016

 

7.78

%

Cumulative total return at NAV for the period September 30, 2016 through October 31, 2016(3)

 

-8.70

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 2016

 

1.30

%

 

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 plan.

 

The composition of this and subsequent distribution 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 -$79,185,378, of which $76,028,340 represents net unrealized depreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and 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.

 

(1)         The Fund’s current fiscal year began on October 1, 2016.

(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, 2016 through October 31, 2016.

 

Tekla Healthcare Opportunities Fund

CUSIP: 879105104

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

02H6ZB                        002CSN746A