|[August 27, 2014]
Tekla Healthcare Opportunities Fund (THQ) Announces Initial Monthly Cash Distribution
BOSTON --(Business Wire)--
On August 27, 2014, Tekla Healthcare Opportunities declared its initial
monthly cash distribution of $0.1125 per share. This represents an
annualized distribution rate of 6.75% based upon the Fund's IPO market
price of $20.00. The record date for the monthly cash distribution is
September 19, 2014 and the payable date is September 30, 2014. The Fund
will trade ex-distribution on September 17, 2014.
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 Healthcare Opportunities Fund (NYSE: THQ) is a newly
organized, non-diversified, closed-end management investment company
with no operating history. Investors should consider the investment
objective and policies, risk considerations, charges and expenses of TH
carefully before investing.
Tekla Capital Management LLC, the Fund's investment adviser, is a
Boston, MA based healthcare-focused investment manager with
approximately $2 billion of assets under management as of July 31, 2014.
Tekla also serves as investment adviser to H&Q Healthcare Investors
(NYSE: HQH) and H&Q Life Sciences Investors (NYSE: HQL), closed-end
funds that invest in companies in the healthcare and life sciences
industries. Information regarding the funds and Tekla Capital Management
LLC can be found at www.teklacap.com.
Destra Capital Investments, the Fund's marketing and investor
support services agent, is a Lisle, IL based investment management firm.
Please contact Destra Capital at (877)855-3434 if you have any questions
regarding THQ. For more information regarding Destra Capital, please
Shares of closed-end investment companies usually trade on a national
stock exchange, and these shares frequently trade at a discount to their
net asset value, which may increase investors' risk of loss.
[ Back To TMCnet.com's Homepage ]