Tekla Life Sciences Investors Declares Distribution

Rhea-AI Summary

On November 12, 2021, Tekla Life Sciences Investors (HQL) announced a distribution of $0.42 per share. The record date is November 24, 2021, with a payable date of December 31, 2021. Shares will trade ex-distribution on November 23, 2021. The distribution will be paid in newly issued shares unless a cash option is elected by shareholders. Shareholders must respond to their brokers to choose cash or are required to notify Computershare Investor Services by December 21, 2021.

Positive

• Distribution of $0.42 per share indicates potential financial health.
• Shareholders have an option to receive cash, offering flexibility.

Negative

• Shareholders must act quickly to elect cash, which could lead to confusion.
• Automatic issuance of new shares may dilute current share value.

BOSTON--(BUSINESS WIRE)-- On November 12, 2021, Tekla Life Sciences Investors declared a distribution of $0.42 per share. The record date for the distribution is November 24, 2021 and the payable date is December 31, 2021. The Fund will trade ex-distribution on November 23, 2021.

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, December 22, 2021. 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 December 21, 2021. Written notification for the election of cash instead of stock by registered shareholders must be received by Computershare Investor Services prior to December 21, 2021.

Tekla Life Sciences Investors (NYSE: HQL) is a closed-end fund that invests in public and private companies in the life sciences 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/20211112005791/en/

Tekla Life Sciences Investors

www.teklacap.com

877-855-3434.

Source: Tekla Life Sciences Investors

FAQ

What is the distribution amount declared by Tekla Life Sciences Investors (HQL)?

Tekla Life Sciences Investors declared a distribution of $0.42 per share.

When is the record date for the distribution by Tekla Life Sciences Investors (HQL)?

The record date for the distribution is November 24, 2021.

What is the payable date for the Tekla Life Sciences Investors (HQL) distribution?

The payable date is December 31, 2021.

How can shareholders elect to receive cash instead of shares for the HQL distribution?

Shareholders must inform their brokers or respond to an election card from Computershare Investor Services by December 21, 2021.

When will the HQL shares trade ex-distribution?

The shares will trade ex-distribution on November 23, 2021.