abrdn World Healthcare Fund Paid Distribution

Rhea-AI Summary

abrdn World Healthcare Fund, formerly known as Tekla World Healthcare Fund, paid a monthly distribution of $0.1167 per share on October 31, 2023. The distribution is derived from a return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains, so a portion of the distribution may be a return of capital. The Fund's average annual return at NAV for the period from September 30, 2018, through September 30, 2023, was 5.18%. The annualized current distribution rate is 11.94% of NAV as of September 30, 2023.

BOSTON--(BUSINESS WIRE)-- On October 31, 2023, abrdn World Healthcare Fund, formerly known as Tekla World Healthcare Fund, paid a monthly distribution of $0.1167 per share. It is currently estimated that this distribution is derived from a return of capital or other capital source. The composition of this and subsequent distributions may vary from month to month because it may be materially impacted by future realized gains and losses on securities. As of October 26, 2023, the aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is $-68,841,789, of which $64,762,451 represents net unrealized depreciation of portfolio securities.

The following table sets forth the estimated amounts of the current distribution, paid on October 31, 2023, 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 have 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.

	Current Distribution	Percentage Breakdown of Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date1	Percentage Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date1
Net Investment Income	$0.0000	0%	$0.0000	0%
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%	$0.1167	100%
TOTAL (per common share):	$0.1167	100%	$0.1167	100%

The table below includes information relating to the Fund’s performance based on its NAV for certain periods.

Average annual return at NAV for the period from September 30, 2018 through September 30, 2023	5.18%
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2023	11.94%
Cumulative total return at NAV for the fiscal year, through September 30, 20232	8.09%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 20231	11.94%

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 amounts and sources of distributions reported in this press release 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.

abrdn World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.

For more information, please go to www.abrdnTHW.com.

¹ The Fund’s current fiscal year began on October 1, 2023.

² Cumulative 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, 2022 through September 30, 2023.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231031827967/en/

Investor Relations

investor.relations@abrdn.com

1-800-522-5465

Source: abrdn World Healthcare Fund

FAQ

What is the name of the healthcare fund mentioned in the press release?

The healthcare fund mentioned in the press release is abrdn World Healthcare Fund, formerly known as Tekla World Healthcare Fund.

What was the monthly distribution per share paid by the fund on October 31, 2023?

The fund paid a monthly distribution of $0.1167 per share on October 31, 2023.

What is the source of the distribution?

The distribution is derived from a return of capital or other capital source.

Has the fund distributed more than its income and net realized capital gains?

Yes, the fund estimates that it has distributed more than its income and net realized capital gains.

What is the average annual return at NAV for the fund from September 30, 2018, through September 30, 2023?

The average annual return at NAV for the fund during that period was 5.18%.

What is the annualized current distribution rate as a percentage of NAV as of September 30, 2023?

The annualized current distribution rate is 11.94% of NAV as of September 30, 2023.