Tekla World Healthcare Fund Paid Distribution
On September 30, 2020, Tekla World Healthcare Fund declared a monthly distribution of $0.1167 per share, entirely sourced from return of capital. The fund reported a net unrealized depreciation of portfolio securities totaling $839,202, with $1,594,175 attributed to net unrealized depreciation. It has distributed $1.4004 cumulatively this fiscal year, also as a return of capital. The fund's annualized distribution rate stands at 9.62% based on NAV as of August 31, 2020.
- Monthly distribution of $0.1167 per share indicates continued capital returns to investors.
- Annualized current distribution rate of 9.62% reflects attractive yield for shareholders.
- Entire distribution derived from return of capital raises sustainability concerns.
- Net unrealized depreciation of $839,202 may signal a decline in investment value.
BOSTON--(BUSINESS WIRE)--On September 30, 2020, Tekla World Healthcare Fund paid a monthly distribution of
The following table sets forth the estimated amounts of the current distribution, paid on September 30, 2020, 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 of 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.
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Current
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Percentage
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Total Cumulative
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Percentage Breakdown
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Net Investment Income |
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Net Realized ST Cap Gains |
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Net Realized LT Cap Gains |
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Return of Capital or Other Capital Source |
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TOTAL (per common share): |
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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 August 31, 2015 through August 31, 2020 |
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Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2020 |
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Cumulative total return at NAV for the fiscal year, through August 31, 20202 |
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Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 20201 |
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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.
Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.
Tekla Capital Management LLC, the Fund’s investment adviser, is a Boston, MA based healthcare-focused investment manager with approximately
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.
1 The Fund’s current fiscal year began on October 1, 2019.
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, 2019 through August 31, 2020.
