EX-99.SECTION 19(A) 4 a19-18280_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 28, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid June 28, 2019, 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

 

$

0.0000

 

0

%

$

0.0168

 

2

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0068

 

1

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0657

 

6

%

Return of Capital or Other Capital Source

 

$

0.1125

 

100

%

$

0.9232

 

91

%

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, 2019(2)

 

7.24

%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2019

 

7.38

%

Cumulative total return at NAV for the fiscal year, through May 31, 2019(3)

 

-8.73

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV May 31, 2019(1)

 

5.53

%

 

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 losses on sale of securities is $51,219,605, of which $58,566,869 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 May 31, 2019.

 

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

 

033DEA   002CSNA175

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: July 31, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid July 31, 2019, 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

 

$

0.0000

 

0

%

$

0.0168

 

1

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0068

 

1

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0657

 

6

%

Return of Capital or Other Capital Source

 

$

0.1125

 

100

%

$

1.0357

 

92

%

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, 2019(2)

 

8.62

%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2019

 

6.93

%

Cumulative total return at NAV for the fiscal year, through June 30, 2019(3)

 

-2.29

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV June 30, 2019(1)

 

5.78

%

 

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 $39,570,760, of which $49,540,606 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 June 30, 2019.

 

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

 

033TKA   002CSNA240

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: August 30, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid August 30, 2019, 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

 

$

0.0000

 

0

%

$

0.0168

 

1

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0068

 

1

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0657

 

5

%

Return of Capital or Other Capital Source

 

$

0.1125

 

100

%

$

1.1482

 

93

%

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 July 31, 2014 through July 31, 2019

 

8.17

%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2019

 

7.08

%

Cumulative total return at NAV for the fiscal year, through July 31, 2019(2)

 

-3.63

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV July 31, 2019(1)

 

6.49

%

 

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 $23,363,161, of which $30,504,583 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)         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 July 31, 2019.

 

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

 

0349RB   002CSNA383

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date: September 30, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid September 30, 2019, 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

 

$

0.0000

 

0

%

$

0.0168

 

1

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0068

 

1

%

Net Realized LT Cap Gains

 

$

0.0786

 

70

%

$

0.1443

 

11

%

Return of Capital or Other Capital Source

 

$

0.0339

 

30

%

$

1.1821

 

87

%

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 August 31, 2014 through August 31, 2019

 

7.44

%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2019

 

7.09

%

Cumulative total return at NAV for the fiscal year, through August 31, 2019(2)

 

-3.26

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV August 31, 2019(1)

 

7.09

%

 

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 depreciation of portfolio securities and net realized gains on sale of securities is $40,645,082, of which $3,904,558 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, 2018.

(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, 2018 through August 31, 2019.

 

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

 

034OLA   002CSNA435

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  October 31, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid October 31, 2019, 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

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0791

 

70

%

$

0.0791

 

70

%

Return of Capital or Other Capital Source

 

$

0.0334

 

30

%

$

0.0334

 

30

%

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 September 30, 2014 through September 30, 2019

 

7.70

%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2019

 

7.18

%

Cumulative total return at NAV for the fiscal year, through September 30, 2019(2)

 

-3.81

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of September 30, 2019(1)

 

0.60

%

 

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 $10,495,428, of which $14,672,832 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, 2019.

(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, 2018 through September 30, 2019.

 

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

 

03557A   002CSNA4F1

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  November 29, 2019

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid November 29, 2019, 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

 

$

0.0109

 

10

%

$

0.0109

 

5

%

Net Realized ST Cap Gains

 

$

0.0000

 

0

%

$

0.0000

 

0

%

Net Realized LT Cap Gains

 

$

0.0000

 

0

%

$

0.0791

 

35

%

Return of Capital or Other Capital Source

 

$

0.1016

 

90

%

$

0.1350

 

60

%

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 October 31, 2014 through October 31, 2019

 

7.60

%

Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2019

 

6.83

%

Cumulative total return at NAV for the fiscal year, through October 31, 2019(2)

 

5.82

%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of October 31, 2019(1)

 

1.14

%

 

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 $52,923,380, of which $57,062,113 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, 2019.

(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, 2019 through October 31, 2019.

 

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

 

035NCB   002CSNA607