EX-99.SECTION19(A) 3 tm228078d1_ex99-section19a.htm EXHIBIT 99.SECTION19(A)

Exhibit 99.Section 19(a)

 

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

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

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

 

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%  $0.0021    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  $0.1167    100%  $0.3480    99%
TOTAL (per common share):  $0.1167    100%  $0.3501    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   11.34%
Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2021   9.49%
Cumulative total return at NAV for the fiscal year, through November 30, 20212   -1.33%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 20211   2.37%

 

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 $63,228,348, of which $64,619,992 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 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

 

03K8CC 002CSNC885

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:      January 31, 2022  
   
Distribution Amount Per Common Share: $0.1167

 

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  $0.0043    4%  $0.0064    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  $0.1124    96%  $0.4604    99%
TOTAL (per common share):  $0.1167    100%  $0.4668    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   12.73%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2021   8.89%
Cumulative total return at NAV for the fiscal year, through December 31, 20212   6.06%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 20211   2.96%

 

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 $12,539,820, of which $14,617,917 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 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

 

03KOQA 002CSNC9EC

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:      February 28, 2022  
   
Distribution Amount Per Common Share: $0.1167

 

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  $0.0085    7%  $0.0149    3%
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  $0.1082    93%  $0.5686    97%
TOTAL (per common share):  $0.1167    100%  $0.5835    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   10.35%
Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2022   9.68%
Cumulative total return at NAV for the fiscal year, through January 31, 20222   _1.84%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20221   4.04%

 

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 $10,999,306, of which $13,708,408 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 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

 

03LACA 002CSNCB3D

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:      March 31, 2022  
   
Distribution Amount Per Common Share: $0.1167

 

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  $0.0808    69%  $0.0957    14%
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  $0.0359    31%  $0.6045    86%
TOTAL (per common share):  $0.1167    100%  $0.7002    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   8.60%
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2022   9.88%
Cumulative total return at NAV for the fiscal year, through February 28, 20222   _3.01%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 20221   4.94%

 

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 $36,110,551, of which $37,881,417 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 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

 

03MCIB 002CSNCD2B

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:      April 29, 2022  
   
Distribution Amount Per Common Share: $0.1167

 

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  $0.0461    39%  $0.1418    17%
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  $0.0706    61%  $0.6751    83%
TOTAL (per common share):  $0.1167    100%  $0.8169    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   9.74%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2022   9.48%
Cumulative total return at NAV for the fiscal year, through March 31, 20222   1.89%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 20221   5.53%

 

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 $36,154,866, of which $35,123,309 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 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

 

03N2VA 002CSNCEFE

 

 

 

 

TEKLA WORLD HEALTHCARE FUND

 

Notification of Sources of Distribution

 

Distribution Paid Date:      May 31, 2022  
   
Distribution Amount Per Common Share: $0.1167

 

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  $0.0694    59%  $0.2112    23%
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  $0.0473    41%  $0.7224    77%
TOTAL (per common share):  $0.1167    100%  $0.9336    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   8.43%
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2022   10.04%
Cumulative total return at NAV for the fiscal year, through April 30, 20222   -2.96%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20221   6.69%

 

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 $15,076,121, of which $12,460,376 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 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

 

03NKIA 002CSND020