EX-99.SECTION 19(A) 3 tm2312568d1_ex99-section19a.htm EXHIBIT 99.SECTION 19(A)

 

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 30, 2022

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid December 30, 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
Breakdown		   Total Cumulative   Percentage Breakdown
of the Total Cumulative		 
   Current
Distribution		   of Current
Distribution		   Distributions for the
Fiscal Year to Date1		   Distributions for the
Fiscal Year to Date1		 
Net Investment Income  $0.0000    0%  $0.0041    1%
Net Realized ST Cap Gains  $0.0184    16%  $0.0196    6%
Net Realized LT Cap Gains  $0.0000    0%  $0.0795    24%
Return of Capital or Other Capital Source  $0.0941    84%  $0.2343    69%
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, 2017 through November 30, 2022   10.96%
Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2022   5.91%
Cumulative total return at NAV for the fiscal year, through November 30, 20222   14.37%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 20221   1.48%

 

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 $137,650,758 of which $136,207,583 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, 2022.
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, 2022 through November 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

 

03QFHA           002CSND6C0

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    January 31, 2023

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid January 31, 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
Breakdown		   Total Cumulative   Percentage Breakdown
of the Total Cumulative		 
   Current
Distribution		   of Current
Distribution		   Distributions for the
Fiscal Year to Date1		   Distributions for the
Fiscal Year to Date1		 
Net Investment Income  $0.0000    0%  $0.0041    1%
Net Realized ST Cap Gains  $0.0288    26%  $0.0484    11%
Net Realized LT Cap Gains  $0.0092    8%  $0.0887    20%
Return of Capital or Other Capital Source  $0.0745    66%  $0.3088    68%
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, 2017 through December 31, 2022   10.36%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2022   6.08%
Cumulative total return at NAV for the fiscal year, through December 31, 20222   11.69%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 20221   2.03%

 

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 $146,155,208 of which $143,877,972 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, 2022.
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, 2022 through December 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

 

03QY4A            002CSND7E1

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:     February 28, 2023

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid February 28, 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
Breakdown		   Total Cumulative   Percentage Breakdown
of the Total Cumulative		 
   Current
Distribution		   of Current
Distribution		   Distributions for the
Fiscal Year to Date1		   Distributions for the
Fiscal Year to Date1		 
Net Investment Income  $0.0000    0%  $0.0041    1%
Net Realized ST Cap Gains  $0.0412    37%  $0.0896    16%
Net Realized LT Cap Gains  $0.0096    8%  $0.0983    17%
Return of Capital or Other Capital Source  $0.0617    55%  $0.3705    66%
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, 2018 through January 31, 2023   9.14%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2023   6.15%
Cumulative total return at NAV for the fiscal year, through January 31, 20232   11.07%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20231   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 distributions 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 $114,076,680 of which $108,380,701 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, 2022.
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, 2022 through January 31, 2023.

 

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

 

03RN7B           002CSND9D3

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    March 31, 2023

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid March 31, 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  $0.0008    1%  $0.0049    1%
Net Realized ST Cap Gains  $0.0458    41%  $0.1354    20%
Net Realized LT Cap Gains  $0.0012    1%  $0.0995    15%
Return of Capital or Other Capital Source  $0.0647    57%  $0.4352    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, 2018 through February 28, 2023   9.43%
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2023   6.51%
Cumulative total return at NAV for the fiscal year, through February 28, 20232   5.67%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 20231   3.25%

 

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 $92,230,970 of which $85,549,742 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, 2022.
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, 2022 through February 28, 2023.

 

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

 

03SMBC           002CSNDB73

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    April 28, 2023

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid April 28, 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%  $0.0049    1%
Net Realized ST Cap Gains  $0.0329    29%  $0.1683    21%
Net Realized LT Cap Gains  $0.0309    28%  $0.1304    17%
Return of Capital or Other Capital Source  $0.0487    43%  $0.4839    61%
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, 2018 through March 31, 2023   10.28%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2023   6.42%
Cumulative total return at NAV for the fiscal year, through March 31, 20232   7.69%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 20231   3.75%

 

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 $138,400,650 of which $129,447,305 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, 2022.
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, 2022 through March 31, 2023.

 

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

 

03TIGB           002CSNDCAD

 

 

 

 

TEKLA HEALTHCARE OPPORTUNITIES FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:    May 31, 2023

 

Distribution Amount Per Common Share: $0.1125

 

The following table sets forth the estimated amounts of the current distribution, paid May 31, 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%  $0.0049    1%
Net Realized ST Cap Gains  $0.0526    47%  $0.2209    24%
Net Realized LT Cap Gains  $0.0456    40%  $0.1760    20%
Return of Capital or Other Capital Source  $0.0143    13%  $0.4982    55%
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, 2018 through April 30, 2023   10.67%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2023   6.28%
Cumulative total return at NAV for the fiscal year, through April 30, 20232   10.85%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20231   4.18%

 

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 $111,909,121 of which $98,070,008 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, 2022.
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, 2022 through April 30, 2023.

 

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

 

03U6IA           002CSNDDBF