Tekla World Healthcare Fund Declares Monthly Cash Distribution

Rhea-AI Summary

On July 11, 2022, Tekla World Healthcare Fund (NYSE: THW) announced a monthly cash distribution of $0.1167 per share. The record date for this distribution is set for July 21, 2022, with the payable date on July 29, 2022. The shares will trade ex-distribution on July 20, 2022. Investors participating in the Fund's Dividend Reinvestment and Stock Purchase Plan will have distributions automatically reinvested. The Fund, managed by Tekla Capital Management LLC, focuses on healthcare investments.

Positive

• Monthly cash distribution set at $0.1167 per share.
• Clear timeline for record and payable dates enhances investor confidence.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- On July 11, 2022, Tekla World Healthcare Fund declared its monthly cash distribution of $0.1167 per share. The record date for the monthly cash distribution is July 21, 2022 and the payable date is July 29, 2022. The Fund will trade ex-distribution on July 20, 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/20220711005611/en/

Destra Capital Advisors

THW@destracapital.com

(877) 855-3434

Source: Tekla World Healthcare Fund

FAQ

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

The cash distribution amount for THW in July 2022 is $0.1167 per share.

When is the record date for THW's cash distribution?

The record date for THW's cash distribution is July 21, 2022.

When will THW's cash distribution be payable?

THW's cash distribution will be payable on July 29, 2022.

What are the ex-distribution trading dates for THW?

THW will trade ex-distribution on July 20, 2022.

Who manages the Tekla World Healthcare Fund?

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