EX-99.SECTION 19(A) 4 tm2129557d1_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, 2021  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid June 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%  $0.0000    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 May 31, 2016 through May 31, 2021   9.60%
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2021   9.12%
Cumulative total return at NAV for the fiscal year, through May 31, 20212   15.67%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 20211   6.84%

 

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 $86,083,981, of which $71,248,226 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 May 31, 2021.

 

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

 

03HHTA            002CSNBF5E

 

 

 

  

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  July 30, 2021  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid July 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  $0.0082    7%  $0.0082    1%
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  $0.1085    93%  $1.1588    99%
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, 2016 through June 30, 2021   10.59%
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2021   8.98%
Cumulative total return at NAV for the fiscal year, through June 30, 20212   18.43%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 20211   7.48%

 

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 $101,544,604, of which $83,005,079 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 June 30, 2021.

 

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

 

03HZLA        002CSNC183

  

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  August 31, 2021  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid August 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  $0.0023    2%  $0.0105    1%
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  $0.1144    98%  $1.2732    99%
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, 2016 through July 31, 2021   9.75%
Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2021   8.80%
Cumulative total return at NAV for the fiscal year, through July 31, 20212   21.67%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 20211   8.07%

 

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 gains on sale of securities is $114,125,063, of which $96,176,044 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 July 31, 2021.

 

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

 

03IDDA           002CSNC3B4

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  September 30, 2021  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid September 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  $0.0018    2%  $0.0123    1%
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  $0.1149    98%  $1.3881    99%
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, 2016 through August 31, 2021   10.46%
Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2021   8.74%
Cumulative total return at NAV for the fiscal year, through August 31, 20212   23.48%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 20211   8.74%

 

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 $105,043,740, of which $67,449,494 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 August 31, 2021.

 

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

 

03IU5B           002CSNC549

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:  October 29, 2021  
Distribution Amount Per Common Share: $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid October 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%  $0.0000    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, 2016 through September 30, 2021   9.42%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2021   9.23%
Cumulative total return at NAV for the fiscal year, through September 30, 20212   17.91%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 20211   0.77%

 

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 $ 53,723,688, of which $ 54,178,470 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, 2020 through September 30, 2021.

 

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

 

03JDUB          002CSNC6BD

 

 

 

   

TEKLA WORLD HEALTHCARE FUND

  

Notification of Sources of Distribution

 

Distribution Paid Date:  November 30, 2021  
Distribution Amount Per Common Share:      $0.1167

 

The following table sets forth the estimated amounts of the current distribution, paid November 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  $0.0021    2%  $0.0021    1%
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  $0.1146    98%  $0.2313    99%
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, 2016 through October 31, 2021   12.33%
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2021   8.93%
Cumulative total return at NAV for the fiscal year, through October 31, 20212   3.99%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 20211   1.49%

 

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 $44,492,025, of which $44,276,968 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 October 31, 2021.

 

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

 

03JSCB      002CSNC766