Tekla World Healthcare Fund Declares Monthly Cash Distribution

Rhea-AI Summary

On June 10, 2022, Tekla World Healthcare Fund (NYSE:THW) announced a monthly cash distribution of $0.1167 per share. The record date for this distribution is June 21, 2022, with payments made on June 30, 2022. The Fund will trade ex-distribution on June 17, 2022. Only participants in the Fund’s Dividend Reinvestment and Stock Purchase Plan will automatically reinvest cash distributions into shares.

Tekla World Healthcare Fund is a closed-end fund investing in healthcare companies, managed by Tekla Capital Management LLC from Boston.

Positive

• Monthly cash distribution of $0.1167 per share reflects a commitment to return value to shareholders.
• Consistent distribution schedule could attract income-focused investors.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- On June 10, 2022, Tekla World Healthcare Fund declared its monthly cash distribution of $0.1167 per share. The record date for the monthly cash distribution is June 21, 2022 and the payable date is June 30, 2022. The Fund will trade ex-distribution on June 17, 2022.

Note that only participants in the Fund’s Dividend Reinvestment and Stock Purchase Plan (“DRIP”) will have cash distributions automatically reinvested in shares of the Fund.

Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in 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 THW@destracapital.com or call (877)855-3434 if you have any questions regarding THW.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220610005372/en/

Destra Capital Advisors

(877) 855-3434

THW@destracapital.com

Source: Tekla World Healthcare Fund

FAQ

What is the cash distribution amount for THW in June 2022?

Tekla World Healthcare Fund declared a cash distribution of $0.1167 per share in June 2022.

When is the record date for THW's June 2022 distribution?

The record date for the cash distribution is June 21, 2022.

What is the payable date for THW's cash distribution in June 2022?

The payable date for the cash distribution is June 30, 2022.

When will THW trade ex-distribution in June 2022?

Tekla World Healthcare Fund will trade ex-distribution on June 17, 2022.

Who manages Tekla World Healthcare Fund?

Tekla World Healthcare Fund is managed by Tekla Capital Management LLC.