Boston, MA– August 27, 2014 – 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 THQ 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 visit www.destracapital.com.
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.
Destra Capital Investments