EX-99.SECTION 19A 3 tm213430d1_ex99-section19a.htm EXHIBIT 99.SECTION 19A

 

Exhibit 99.Section 19(a)

 

EXHIBIT 3: SECTION 19(a) NOTICE TO FUND’S SHAREHOLDERS

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  December 31, 2020    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid December 31, 2020, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0139    12%  $           0.0341              10%
Net Realized ST Cap Gains  $0.0000    0%  $0.0000    0%
Net Realized LT Cap Gains  $0.0000    0%  $0.0085    3%
Return of Capital or Other Capital Source  $0.0986    88%  $0.2949    87%
TOTAL (per common share):  $0.1125    100%  $0.3375    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 November 30, 2015 through November 30, 2020   9.83%
Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2020   6.43%
Cumulative total return at NAV for the fiscal year, through November 30, 20202   4.88%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 20201   1.61%

 

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 $110,338,313, of which $118,353,455 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through November 30, 2020.

 

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

 

03D6YA      002CSNB690

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  January 29, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid January 29, 2021, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0000    0%  $         0.0341                8%
Net Realized ST Cap Gains  $0.0000    0%  $0.0000    0%
Net Realized LT Cap Gains  $0.0000    0%  $0.0085    2%
Return of Capital or Other Capital Source  $0.1125    100%  $0.4074    90%
TOTAL (per common share):  $0.1125    100%  $0.4500    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 December 31, 2015 through December 31, 2020   10.41%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2020   6.21%
Cumulative total return at NAV for the fiscal year, through December 31, 20202   9.07%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 20201   2.07%

 

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 $166,536,910, of which $172,631,752 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through December 31, 2020.

 

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

 

03DMKA      002CSNB802

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  February 26, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid February 26, 2021, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0000    0%  $0.0341    6%
Net Realized ST Cap Gains  $0.0000    0%  $         0.0000                 0%
Net Realized LT Cap Gains  $0.0000    0%  $0.0085    2%
Return of Capital or Other Capital Source  $0.1125    100%  $0.5199    92%
TOTAL (per common share):  $0.1125    100%  $0.5625    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 January 31, 2016 through January 31, 2021   13.51%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2021   6.13%
Cumulative total return at NAV for the fiscal year, through January 31, 20212   11.09%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20211   2.56%

 

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 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 $154,173,967, of which $157,978,325 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through January 31, 2021.

 

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

 

03EIPB    002CSNB98A

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  March 31, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid March 31, 2021, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0000    0%  $        0.0341                 5%
Net Realized ST Cap Gains  $0.0000    0%  $0.0000    0%
Net Realized LT Cap Gains  $0.0000    0%  $0.0085    1%
Return of Capital or Other Capital Source  $0.1125    100%  $0.6324    94%
TOTAL (per common share):  $0.1125    100%  $0.6750    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 February 28, 2016 through February 28, 2021   13.24%
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2021   6.18%
Cumulative total return at NAV for the fiscal year, through February 28, 20212   10.88%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 20211   3.09%

 

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 appreciation of portfolio securities and net realized gains on sale of securities is $ 157,057,179, of which $ 146,653,439 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through February 28, 2021.

 

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

 

03FONA     002CSNBB4A

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  April 30, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid April 30, 2021, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0000    0%  $       0.0341                  4%
Net Realized ST Cap Gains  $0.0000    0%  $0.0000    0%
Net Realized LT Cap Gains  $0.1125    100%  $0.1210    16%
Return of Capital or Other Capital Source  $0.0000    0%  $0.6324    80%
TOTAL (per common share):  $0.1125    100%  $0.7875    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 March 31, 2016 through March 31, 2021   13.18%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2021   6.00%
Cumulative total return at NAV for the fiscal year, through March 31, 20212   14.77%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 20211   3.50%

 

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 $ 226,306,147, of which $ 199,527,793 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through March 31, 2021.

 

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

 

03GMJC     002CSNBD18

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  May 28, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid May 28, 2021, 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 Date1   Fiscal Year to Date1 
Net Investment Income  $0.0022    2%  $           0.0363                4%
Net Realized ST Cap Gains  $0.0291    26%  $0.0291    3%
Net Realized LT Cap Gains  $0.0166    15%  $0.1376    15%
Return of Capital or Other Capital Source  $0.0646    57%  $0.6970    78%
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 April 30, 2016 through April 30, 2021   13.55%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2021   5.79%
Cumulative total return at NAV for the fiscal year, through April 30, 20212   19.58%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20211   3.86%

 

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 $225,244,006, of which $185,933,532 represents net unrealized appreciation of portfolio securities.

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

 

1The Fund’s current fiscal year began on October 1, 2020.

2Cumulative 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, 2020 through April 30, 2021.

 

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

 

03H2VB     002CSNBE35