Tekla Healthcare Investors Declares Distribution

Rhea-AI Summary

On February 15, 2022, Tekla Healthcare Investors announced a distribution of $0.48 per share. The record date is set for February 25, 2022, with a payable date on March 31, 2022. Shares will trade ex-distribution on February 24, 2022. The distribution will primarily be paid in newly issued shares of the fund, valued at the lower of the net asset value or market price on March 23, 2022. Shareholders can opt for cash instead of shares by following specific instructions. Tekla Healthcare Investors focuses on investments in the healthcare sector.

Positive

• Announcement of a distribution of $0.48 per share.
• Investors can opt for shares or cash based on preference.

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• None.

BOSTON--(BUSINESS WIRE)-- On February 15, 2022, Tekla Healthcare Investors declared a distribution of $0.48 per share. The record date for the distribution is February 25, 2022 and the payable date is March 31, 2022. The Fund will trade ex-distribution on February 24, 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, March 23, 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 March 22, 2022. Written notification for the election of cash instead of stock by registered shareholders must be received by Computershare Investor Services prior to March 22, 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.

For additional information, please consult www.teklacap.com or call 877-855-3434.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220215006028/en/

Tekla Healthcare Investors

877-855-3434

www.teklacap.com

Source: Tekla Healthcare Investors

FAQ

What is the distribution amount declared by Tekla Healthcare Investors on February 15, 2022?

Tekla Healthcare Investors declared a distribution of $0.48 per share.

What are the key dates for the distribution of Tekla Healthcare Investors?

The record date is February 25, 2022, and the payable date is March 31, 2022.

When will shares of Tekla Healthcare Investors trade ex-distribution?

Shares will trade ex-distribution on February 24, 2022.

How can shareholders receive their distribution from Tekla Healthcare Investors?

Shareholders will automatically receive newly issued shares unless they request cash instead.

What is Tekla Healthcare Investors' focus in its investment strategy?

Tekla Healthcare Investors focuses on investing in public and private companies in the healthcare industry.