Tekla Life Sciences Investors Paid Distribution

BOSTON, MA, March 31, 2020– On March 31, 2020, Tekla Life Sciences Investors paid a distribution of $0.39 per share. It is currently estimated that this distribution is derived from net realized long-term capital gains. The composition of this and subsequent distributions may vary from quarter to quarter because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized appreciation of portfolio securities and net realized gains on sale of securities is $29,547,773, of which $10,156,073 represents net unrealized appreciation of portfolio securities.

The following table sets forth the estimated amounts of the current distribution, paid on March 31, 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, return of capital or other capital source.

 Current DistributionPercentage Breakdown of Current DistributionTotal Cumulative Distributions for the Fiscal Year to Date1Percentage Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date1
Net Investment Income $0.0000 0% $0.0000 0%
Net Realized ST Cap Gains $0.0000 0% $0.0000 0%
Net Realized LT Cap Gains $0.3900 100% $0.7200 100%
Return of Capital or Other Capital Source $0.0000 0% $0.0000 0%
TOTAL (per common share): $0.3900 100% $0.7200 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 January 31, 2015 through January 31, 2020 2.47%
Annualized current distribution rate expressed as percentage of NAV as of January 31, 2020 8.46%
Cumulative total return at NAV for the fiscal year, through January 31, 20202 13.48%
 Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20201 3.90%

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 Life Sciences Investors (NYSE: HQL) 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 $3.1 billion of net assets under management as of December 31, 2019. Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Healthcare Opportunities Fund (NYSE: THQ) and Tekla World Healthcare Fund (NYSE: THW), 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 is the Fund’s marketing and investor support services agent. Please contact Destra Capital Investments at HQL@destracapital.com or call (877) 855-3434 if you have any questions regarding HQL.

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 January 31, 2020.