EX-99.SECTION 19(A) 4 a17-24479_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: May 31, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid May 31, 2017, 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

 

$

0.0076

 

7

%

$

0.0941

 

10

%

Net Realized ST Cap Gains

 

$

0.0164

 

14

%

$

0.0243

 

3

%

Net Realized LT Cap Gains

 

$

0.0885

 

79

%

$

0.7816

 

87

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

0.9000

 

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 April 30, 2017(2)

 

8.15

%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2017

 

7.11

%

Cumulative total return at NAV for the fiscal year, through April 30, 2017(3)

 

3.96

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 2017(1)

 

4.74

%

 

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 -$1,112,001, of which $24,907,665 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 April 30, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: June 30, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid June 30, 2017, 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

 

$

0.0301

 

27

%

$

0.1242

 

12

%

Net Realized ST Cap Gains

 

$

0.0638

 

57

%

$

0.0881

 

9

%

Net Realized LT Cap Gains

 

$

0.0186

 

16

%

$

0.8002

 

79

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.0125

 

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, 2017(2)

 

7.74

%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2017

 

7.19

%

Cumulative total return at NAV for the fiscal year, through May 31, 2017(3)

 

3.54

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 2017(1)

 

5.39

%

 

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 $69,950,534, of which $44,758,727 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, 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 May 31, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: July 31, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid July 31, 2017, 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

 

$

0.0225

 

20

%

$

0.1467

 

13

%

Net Realized ST Cap Gains

 

$

0.0303

 

27

%

$

0.1184

 

11

%

Net Realized LT Cap Gains

 

$

0.0597

 

53

%

$

0.8599

 

76

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0000

 

0

%

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 total return at NAV for the period from inception through June 30, 2017(2)

 

9.86

%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2017

 

6.79

%

Cumulative total return at NAV for the fiscal year, through June 30, 2017(3)

 

10.27

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 2017(1)

 

5.66

%

 

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 appreciation of portfolio securities and net realized gains on sale of securities is $77,150,951, of which $51,118,411 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, 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 June 30, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: August 31, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid August 31, 2017, 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. 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 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.

 

 

 

 

 

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 YeartoDate(1)

 

Net Investment Income

 

$

0.0197

 

17

%

$

0.1664

 

14

%

Net Realized ST Cap Gains

 

$

0.0356

 

32

%

$

0.1540

 

12

%

Net Realized LT Cap Gains

 

$

0.0530

 

47

%

$

0.9129

 

74

%

Return of Capital or Other Capital Source

 

$

0.0042

 

4

%

$

0.0042

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.2375

 

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, 2017(2)

 

10.23

%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2017

 

6.71

%

Cumulative total return at NAV for the fiscal year, through July 31, 2017(3)

 

12.28

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 2017(1)

 

6.15

%

 

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 $41,839,754, of which $15,208,911 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, 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 July 31, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: September 29, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid September 29, 2017, 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. 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 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.

 

 

 

 

 

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 YeartoDate(1)

 

Net Investment Income

 

$

0.0206

 

18

%

$

0.1870

 

14

%

Net Realized ST Cap Gains

 

$

0.0321

 

29

%

$

0.1861

 

14

%

Net Realized LT Cap Gains

 

$

0.0598

 

53

%

$

0.9727

 

72

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.0042

 

0

%

TOTAL (per common share):

 

$

0.1125

 

100

%

$

1.3500

 

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, 2017(2)

 

10.33

%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2017

 

6.68

%

Cumulative total return at NAV for the fiscal year, through August 31, 2017(3)

 

13.52

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 2017(1)

 

6.68

%

 

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 $74,160,279, of which $38,486,870 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, 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 August 31, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: October 31, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid October 31, 2017, 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

 

$

0.1125

 

100

%

$

0.1125

 

100

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

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, 2017(2)

 

10.08

%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2017

 

6.71

%

Cumulative total return at NAV for the fiscal year, through September 30, 2017(3)

 

13.64

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 2017(1)

 

0.56

%

 

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 $34,165,454, of which $30,046,256 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, 2017.

(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 September 30, 2017.

 

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

 


 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: November 30, 2017

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid November 30, 2017, 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

 

$

0.0411

 

37

%

$

0.1536

 

68

%

Net Realized ST Cap Gains

 

$

0.0714

 

63

%

$

0.0714

 

32

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

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, 2017(2)

 

8.17

%

Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2017

 

7.09

%

Cumulative total return at NAV for the fiscal year, through October 31, 2017(3)

 

-4.76

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 2017(1)

 

1.18

%

 

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 -$2,368,250, of which $9,502,271 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, 2017.

(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 October 31, 2017.

 

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