EX-99.SECTION 19(A) 4 a18-36363_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 29, 2018

 

Distribution Amount Per Common Share:     $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid June 29, 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 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 Year to Date(1)

 

Net Investment Income

 

$

0.0170

 

15

%

$

0.2627

 

26

%

Net Realized ST Cap Gains

 

$

0.0112

 

10

%

$

0.2066

 

20

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0020

 

0

%

Return of Capital or Other Capital Source

 

$

0.0843

 

75

%

$

0.5412

 

54

%

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, 2018(2)

 

7.57

%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2018

 

7.25

%

Cumulative total return at NAV for the fiscal year, through May 31, 2018(3)

 

-2.45

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as May 31, 2018(1)

 

5.43

%

 

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 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 $43,057,839, of which $30,237,097 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, 2017 through May 31, 2018.

 

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, 2018

 

Distribution Amount Per Common Share:                $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid July 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 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 Year to Date(1)

 

Net Investment Income

 

$

0.0044

 

4

%

$

0.2671

 

24

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.2066

 

18

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0020

 

0

%

Return of Capital or Other Capital Source

 

$

0.1081

 

96

%

$

0.6493

 

58

%

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, 2018(2)

 

8.04

%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2018

 

7.13

%

Cumulative total return at NAV for the fiscal year, through June 30, 2018(3)

 

-0.17

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as June 30, 2018(1)

 

5.94

%

 

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 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 $66,579,534, of which $54,199,113 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, 2017 through June 30, 2018.

 

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, 2018

 

Distribution Amount Per Common Share:                $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid August 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 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 Year to Date(1)

 

Net Investment Income

 

$

0.0145

 

13

%

$

0.2816

 

23

%

Net Realized ST Cap Gains

 

$

0.0452

 

40

%

$

0.2518

 

20

%

Net Realized LT Cap Gains

 

$

0.0528

 

47

%

$

0.0548

 

4

%

Return of Capital or Other Capital Source

 

$

0.0000

 

0

%

$

0.6493

 

53

%

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, 2018(2)

 

9.55

%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2018

 

6.74

%

Cumulative total return at NAV for the fiscal year, through July 31, 2018(3)

 

6.25

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as July 31, 2018(1)

 

6.18

%

 

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 policy.

 

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 $105,469,518, of which $87,081,162 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, 2017 through July 31, 2018.

 

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 28, 2018

 

Distribution Amount Per Common Share:                $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid September 28, 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 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 Year to Date(1)

 

Net Investment Income

 

$

0.0037

 

3

%

$

0.2853

 

21

%

Net Realized ST Cap Gains

 

$

0.0802

 

71

%

$

0.3320

 

25

%

Net Realized LT Cap Gains

 

$

0.0243

 

22

%

$

0.0791

 

6

%

Return of Capital or Other Capital Source

 

$

0.0043

 

4

%

$

0.6536

 

48

%

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, 2018(2)

 

10.79

%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2018

 

6.43

%

Cumulative total return at NAV for the fiscal year, through August 31, 2018(3)

 

12.11

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as August 31, 2018(1)

 

6.43

%

 

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 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 $121,258,331, of which $69,735,899 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, 2017 through August 31, 2018.

 

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, 2018

 

Distribution Amount Per Common Share:                                                                $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid 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 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
Breakdown

 

Total Cumulative

 

Percentage Breakdown
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

 

$

0.0000

 

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 total return at NAV for the period from inception through September 30, 2018(2)

 

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, 2018(3)

 

13.32

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as September 30, 2018(1)

 

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 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 $9,885,771, of which $9,260,179 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, 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.

 

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, 2018

 

Distribution Amount Per Common Share:            $0.1125

 

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

 

 

 

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

 

$

0.0045

 

4

%

$

0.0045

 

2

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0068

 

3

%

Net Realized LT Cap Gains

 

$

0.0096

 

9

%

$

0.0657

 

29

%

Return of Capital or Other Capital Source

 

$

0.0984

 

87

%

$

0.1480

 

66

%

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, 2018(2)

 

8.59

%

Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2018

 

6.97

%

Cumulative total return at NAV for the fiscal year, through October 31, 2018(3)

 

-7.61

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as October 31, 2018(1)

 

1.16

%

 

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 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 losses on sale of securities is $22,477,678, of which $26,178,075 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, 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, 2018 through October 31, 2018.

 

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