EX-99.SECTION 19(A) 4 tm2030673d1_ex99section19a.htm EXHIBIT 99.SECTION 19(A)

Exhibit 99.Section 19(a)

 

EXHIBIT 4: SECTION 19(a) NOTICE TO FUND’S SHAREHOLDERS

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  June 30, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid June 30, 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  $0.0000    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  $0.1167    100%  $1.0503    100%
TOTAL (per common share):  $0.1167    100%  $1.0503    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, 20202   4.48%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2020   9.68%
Cumulative total return at NAV for the fiscal year, through May 31, 20203   14.80%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 20201   7.26%

 

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 $554,844, of which $7,454,675 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.

 

1The Fund’s current fiscal year began on October 1, 2019.
2Inception date was June 26, 2015, which is the date of the initial public offering.
3Cumulative 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 May 31, 2020.

 

Tekla World Healthcare Fund 

CUSIP: 87911L108 

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03AF2A          002CSNAFE5

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  July 31, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid July 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  $0.0000    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  $0.1167    100%  $1.1670    100%
TOTAL (per common share):  $0.1167    100%  $1.1670    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 June 30, 2015 through June 30, 2020   4.07%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2020   9.92%
Cumulative total return at NAV for the fiscal year, through June 30, 20202   12.95%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 20201   8.27%

 

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 $12,128,509, of which $21,897,580 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.

 

1The Fund’s current fiscal year began on October 1, 2019.
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, 2019 through June 30, 2020.

 

Tekla World Healthcare Fund

CUSIP: 87911L108 

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor 

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03AW2B          002CSNB120

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  August 31, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid August 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  $0.0000    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  $0.1167    100%  $1.2837    100%
TOTAL (per common share):  $0.1167    100%  $1.2837    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, 2015 through July 31, 2020   4.54%
Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2020   9.74%
Cumulative total return at NAV for the fiscal year, through July 31, 20202   16.04%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 20201   8.93%

 

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 $14,039,532, of which $23,398,982 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.

 

1The Fund’s current fiscal year began on October 1, 2019.
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, 2019 through July 31, 2020.

 

Tekla World Healthcare Fund 

CUSIP: 87911L108

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor 

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03BCYB          002CSNB210

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  September 30, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid September 30, 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  $0.0000    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  $0.1167    100%  $1.4004    100%
TOTAL (per common share):  $0.1167    100%  $1.4004    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, 2015 through August 31, 2020   5.53%
Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2020   9.62%
Cumulative total return at NAV for the fiscal year, through August 31, 20202   18.36%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 20201   9.62%

 

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 $-839,202, of which $1,594,175 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.

 

1The Fund’s current fiscal year began on October 1, 2019.
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, 2019 through August 31, 2020.

 

Tekla World Healthcare Fund 

CUSIP: 87911L108 

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor 

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03BRTC          002CSNB36F

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  October 30, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid October 30, 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  $0.0000    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  $0.1167    100%  $0.1167    100%
TOTAL (per common share):  $0.1167    100%  $0.1167    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, 2015 through September 30, 2020   6.25%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020   9.90%
Cumulative total return at NAV for the fiscal year, through September 30, 20202   15.97%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 20201   0.83%

 

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 $-38,807, of which $2,319,910 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.

 

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, 2019 through September 30, 2020.

 

Tekla World Healthcare Fund 

CUSIP: 87911L108 

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor 

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03C9XB          002CSNB47E

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  November 30, 2020  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid November 30, 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  $0.0000    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  $0.1167    100%  $0.2334    100%
TOTAL (per common share):  $0.1167    100%  $0.2334    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, 2015 through October 31, 2020   4.28%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2020   10.57%
Cumulative total return at NAV for the fiscal year, through October 31, 20202   -5.47%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 20201   1.76%

 

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 $15,307,956, of which $21,979,764 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 October 31, 2020.

 

Tekla World Healthcare Fund 

CUSIP: 87911L108

www.teklacap.com

 

Tekla Capital Management LLC

100 Federal Street, 19th Floor

Boston, Massachusetts 02110

 

617-772-8500

Fax: 617-772-8577

 

03CQAA          002CSNB5B1