EX-99.SECTION 19A 3 tm228077d1_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, 2021    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid December 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%  $0.0030    1%
Net Realized ST Cap Gains  $0.0000    0%  $0.0371    11%
Net Realized LT Cap Gains  $0.0000    0%  $0.0976    29%
Return of Capital or Other Capital Source  $0.1125    100%  $0.1998    59%
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, 2016 through November 30, 2021   14.17%
Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2021   5.77%
Cumulative total return at NAV for the fiscal year, through November 30, 20212   -0.21%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 20211   1.44%

 

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 $252,118,815, of which $248,098,171 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, 2021.

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, 2021 through November 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

 

03K8KA      002CSNC884

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:   January 31, 2022    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid January 31, 2022, 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%  $0.0030    1%
Net Realized ST Cap Gains  $0.0000    0%  $0.0371    8%
Net Realized LT Cap Gains  $0.0000    0%  $0.0976    22%
Return of Capital or Other Capital Source  $0.1125    100%  $0.3123    69%
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, 2016 through December 31, 2021   15.95%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2021   5.36%
Cumulative total return at NAV for the fiscal year, through December 31, 20212   7.91%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 20211   1.79%

 

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 $156,998,295, of which $152,588,482 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, 2021.

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, 2021 through December 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

 

03KORA      002CSNC9EB

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:   February 28, 2022    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid February 28, 2022, 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%  $0.0030    1%
Net Realized ST Cap Gains  $0.0290    26%  $0.0661    12%
Net Realized LT Cap Gains  $0.0514    45%  $0.1490    26%
Return of Capital or Other Capital Source  $0.0321    29%  $0.3444    61%
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, 2017 through January 31, 2022   12.78%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2022   5.84%
Cumulative total return at NAV for the fiscal year, through January 31, 20222   -0.35%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20221   2.43%

 

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 $153,742,419, of which $147,090,016 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, 2021.

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, 2021 through January 31, 2022.

 

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

 

03LADB    002CSNCB3E

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:   March 31, 2022    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid March 31, 2022, 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%  $0.0030    0%
Net Realized ST Cap Gains  $0.0242    21%  $0.0903    13%
Net Realized LT Cap Gains  $0.0032    3%  $0.1522    23%
Return of Capital or Other Capital Source  $0.0851    76%  $0.4295    64%
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, 2017 through February 28, 2022   11.18%
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2022   5.94%
Cumulative total return at NAV for the fiscal year, through February 28, 20222   -1.60%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 20221   2.97%

 

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 $ $201,420,835 of which $192,752,811 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, 2021.

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, 2021 through February 28, 2022.

 

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

 

03MCBA     002CSNCD2C

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:   April 29, 2022    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid April 29, 2022, 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  $0.0004    0%  $0.0034    0%
Net Realized ST Cap Gains  $0.0357    32%  $0.1260    16%
Net Realized LT Cap Gains  $0.0526    47%  $0.2048    26%
Return of Capital or Other Capital Source  $0.0238    21%  $0.4533    58%
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, 2017 through March 31, 2022   12.56%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2022   5.66%
Cumulative total return at NAV for the fiscal year, through March 31, 20222   3.86%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 20221   3.30%

 

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 $201,887,546 of which $184,036,615 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, 2021.

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, 2021 through March 31, 2022.

 

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

 

03N3ZA     002CSNCEFD

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:   May 31, 2022    
     
Distribution Amount Per Common Share:   $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid May 31, 2022, 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%  $0.0034    0%
Net Realized ST Cap Gains  $0.0038    3%  $0.1298    14%
Net Realized LT Cap Gains  $0.0428    38%  $0.2476    28%
Return of Capital or Other Capital Source  $0.0659    59%  $0.5192    58%
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, 2017 through April 30, 2022   10.95%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2022   6.04%
Cumulative total return at NAV for the fiscal year, through April 30, 20222   -2.26%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20221   4.03%

 

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 $163,578,443 of which $146,439,817 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, 2021.

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, 2021 through April 30, 2022.

 

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

 

03NJ4A     002CSND01F