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On May 17, 2022, Tekla Healthcare Investors announced a distribution of $0.44 per share, with a record date of May 27, 2022 and a payable date of June 30, 2022. The shares will trade ex-distribution on May 26, 2022. Shareholders will receive newly issued shares unless otherwise specified, valued at the lower of net asset value or market price on June 22, 2022. Cash payment requests for shares in 'street name' must be made through the respective brokerage.
Positive
Distribution of $0.44 per share signifies ongoing shareholder returns.
Shareholders have the option for cash payment, offering flexibility.
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None.
BOSTON--(BUSINESS WIRE)--
On May 17, 2022, Tekla Healthcare Investors declared a distribution of $0.44 per share. The record date for the distribution is May 27, 2022 and the payable date is June 30, 2022. The Fund will trade ex-distribution on May 26, 2022.
This distribution will automatically be paid in newly issued shares of the Fund unless otherwise instructed by the shareholder. The shares will be valued at the lower of the net asset value or market price on the pricing date, June 22, 2022. Fractional shares will generally be settled in cash, except for registered shareholders with book entry accounts at the transfer agent who will have whole and fractional shares added to their account.
Shareholders may request to be paid in cash instead of shares by responding to the bank, brokerage or nominee who holds the shares if the shares are in “street name” or by filling out an election card received from Computershare Investor Services shortly after the record date if the shares are in registered form. The bank, brokerage or nominee who holds the shares must advise the Depository Trust Company ("DTC") as to their full and fractional share requirements by June 21, 2022. Written notification for the election of cash instead of stock by registered shareholders must be received by Computershare Investor Services prior to June 21, 2022.
Tekla Healthcare Investors (NYSE: HQH) is a closed-end fund that invests in public and private companies in the healthcare industry. Tekla Capital Management LLC, based in Boston, serves as Investment Adviser to the Fund. Shares of the Fund can be purchased on the New York Stock Exchange through any securities broker.
Information regarding the Fund and Tekla Capital Management LLC can be found at www.teklacap.com.
Please contact Destra Capital Advisors, the Fund’s marketing and investor support services agent, at HQH@destracapital.com or call (877)855-3434 if you have any questions regarding HQH.
What is the distribution announced by Tekla Healthcare Investors (HQH) on May 17, 2022?
Tekla Healthcare Investors announced a distribution of $0.44 per share on May 17, 2022.
When is the record date for the distribution of Tekla Healthcare Investors (HQH)?
The record date for the distribution is May 27, 2022.
What is the payable date for the distribution announced by HQH?
The payable date for the distribution is June 30, 2022.
When will shares of HQH trade ex-distribution?
Shares of HQH will trade ex-distribution on May 26, 2022.
How can shareholders request cash instead of shares in the HQH distribution?
Shareholders can request cash instead of shares by contacting their bank or brokerage and filling out the election card from Computershare Investor Services.
