Tekla World Healthcare Fund Declares Monthly Cash Distribution

Rhea-AI Summary

On August 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 August 22, 2022, with a payable date of August 31, 2022. The shares will trade ex-distribution on August 19, 2022. Only participants in the Fund’s Dividend Reinvestment and Stock Purchase Plan will have distributions automatically reinvested. Tekla Capital Management LLC manages the Fund, which focuses on investments in the healthcare sector.

Positive

• Monthly cash distribution of $0.1167 per share boosts investor confidence.
• Scheduled monthly distributions may attract income-focused investors.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- On August 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 August 22, 2022 and the payable date is August 31, 2022. The Fund will trade ex-distribution on August 19, 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/20220810005641/en/

Destra Capital Advisors

THW@destracapital.com

(877) 855-3434

Source: Tekla World Healthcare Fund

FAQ

What is the cash distribution amount for Tekla World Healthcare Fund (THW) in August 2022?

The cash distribution amount for August 2022 is $0.1167 per share.

When is the record date for the August 2022 distribution for THW?

The record date for the August 2022 distribution is August 22, 2022.

What is the ex-distribution date for Tekla World Healthcare Fund (THW) in August 2022?

The ex-distribution date for August 2022 is August 19, 2022.

When will the cash distribution be paid for THW in August 2022?

The cash distribution will be payable on August 31, 2022.