EX-99.SECTION 19(A) 3 tm2325130d1_ex99-sec19xa.htm EXHIBIT 99.SECTION 19(A)

 

Exhibit 99.Section 19(a)

 

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

 

Tekla Healthcare Investors

 

Notification of Sources of Distribution

 

Distribution Paid Date: June 30, 2023

 

Distribution Amount Per Common Share:      $0.40

 

The following table sets forth the estimated amounts of the current distribution, paid June 30, 2023, 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 of the 
       Breakdown   Total Cumulative   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%  $0.0000    0%
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  $0.4000    100%  $1.2100    100%
TOTAL (per common share):  $0.4000    100%  $1.2100    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 April 30, 2018 through April 30, 2023   7.01%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2023   7.82%
Cumulative total return at NAV for the fiscal year, through April 30, 20232   10.55%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20231   5.91%

 

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 $159,645,429 of which $141,616,078 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.

 

1 The Fund’s current fiscal year began on October 1, 2022. 

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, 2022 through April 30, 2023.

 

Tekla Healthcare Investors 

CUSIP: 87911J103

 

 

 

 

Tekla Healthcare Investors

 

Notification of Sources of Distribution

 

Distribution Paid Date: September 29, 2023

 

Distribution Amount Per Common Share:$0.40

 

The following table sets forth the estimated amounts of the current distribution, paid September 29, 2023, 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 Date1

  

Percentage
Breakdown of the
Total Cumulative
Distributions for the

Fiscal Year to Date1

 
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  $0.4000    100%  $0.4000    25%
Return of Capital or Other                    
Capital Source  $0.0000    0%  $1.2100    75%
TOTAL (per common share):  $0.4000    100%  $1.6100   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 July 31, 2018 through July 31, 2023     4.81%
Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2023     8.00%
Cumulative total return at NAV for the fiscal year, through July 31, 20232     10.60%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 20231         8.05%

 

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 $111,223,639 of which $24,177,364 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.

 

1 The Fund’s current fiscal year began on October 1, 2022. 

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, 2022 through July 31, 2023.

 

Tekla Healthcare Investors
CUSIP: 87911J103