Tekla World Healthcare Fund Paid Distribution
On October 30, 2020, Tekla World Healthcare Fund announced a monthly distribution of $0.1167 per share, primarily sourced from return of capital. The fund's current estimated net unrealized appreciation is -38,807, with $2,319,910 in net unrealized appreciation of portfolio securities. As of September 30, 2020, the annualized distribution rate is 9.90%, with cumulative total return of 15.97% for the fiscal year. Note that the distribution amount does not reflect the fund's investment performance and may vary based on realized gains or losses.
- Annualized current distribution rate at 9.90% as of September 30, 2020.
- Cumulative total return of 15.97% for the fiscal year-to-date.
- Distribution of $0.1167 is derived from a return of capital, indicating potential sustainability concerns.
BOSTON--(BUSINESS WIRE)--On October 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 October 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.
|
Current
|
Percentage
|
Total Cumulative
|
Percentage Breakdown
|
||
Net Investment Income |
|
0 |
% |
|
0 |
% |
Net Realized ST Cap Gains |
|
0 |
% |
|
0 |
% |
Net Realized LT Cap Gains |
|
0 |
% |
|
0 |
% |
Return of Capital or Other Capital Source |
|
100 |
% |
|
100 |
% |
TOTAL (per common share): |
|
100 |
% |
|
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, 2015 through September 30, 2020 |
|
|
Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2020 |
|
|
Cumulative total return at NAV for the fiscal year, through September 30, 20202 |
|
|
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 20201 |
|
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, 2020.
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 September 30, 2020.
