Tekla Life Sciences Investors Declares Distribution

Rhea-AI Summary

On August 17, 2021, Tekla Life Sciences Investors announced a distribution of $0.43 per share, with a record date of August 27, 2021 and a payable date of September 30, 2021. The stock will trade ex-distribution on August 26, 2021. The distribution will be in newly issued shares unless shareholders opt for cash. Shares will be valued at the lower of net asset value or market price on September 22, 2021. Shareholders can request cash payment via their brokers or Computershare Investor Services before September 21, 2021.

Positive

• Distribution of $0.43 per share reflects ongoing financial support to shareholders.
• Shareholders have the option to choose cash or stock, providing flexibility.

Negative

• None.

On August 17, 2021, Tekla Life Sciences Investors declared a distribution of $0.43 per share. The record date for the stock distribution is August 27, 2021 and the payable date is September 30, 2021. The Fund will trade ex-distribution on August 26, 2021.

This stock 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, September 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 September 21, 2021. Written notification for the election of cash instead of stock by registered shareholders must be received by Computershare Investor Services prior to September 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/20210817005736/en/

FAQ

What is the distribution amount for Tekla Life Sciences Investors (HQL) announced on August 17, 2021?

The announced distribution amount is $0.43 per share.

When is the record date for the HQL stock distribution?

The record date for the stock distribution is August 27, 2021.

What are the important dates for the Tekla Life Sciences Investors distribution?

Key dates include August 26, 2021 (ex-distribution date), August 27, 2021 (record date), and September 30, 2021 (payable date).

How can shareholders choose to receive cash instead of stock for the HQL distribution?

Shareholders can request cash by notifying their bank, brokerage, or nominee before September 21, 2021.

When will shares be valued for the distribution of Tekla Life Sciences Investors (HQL)?

Shares will be valued at the lower of net asset value or market price on September 22, 2021.