H&Q Healthcare Investors declares capital gain dividend.BOSTON--(BUSINESS WIRE)--Nov. 5, 1996--The board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of H&Q Healthcare Investors has declared a long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. dividend of $4.49 per share. The record date for the dividend is Nov. 18, 1996 and the payable date is Dec. 26, 1996. As previously announced, under the dividend reinvestment plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. , this distribution will automatically be paid in additional shares of the fund unless otherwise instructed by the shareholder. Generally, the shares will be valued at the lower of the net asset value or market price as detailed in the automatic dividend reinvestment automatic dividend reinvestment See dividend reinvestment plan (DRIP). plan, a full description of which may be obtained from the plan agent. Shareholders may request to be paid in cash instead of shares by contacting the bank, brokerage or nominee who holds the shares if the shares are in "street name" or by filling out an authorization card obtained from the plan agent if the shares are in registered form. The plan agent is State Street Bank & Trust Co., PO Box 8200, Boston, MA 02266-8200, telephone (800) 426-5523. This policy allows the shareholder to build holdings in the fund easily and automatically, at no brokerage cost. If shares are held in registered form, the shareholder will receive a detailed account statement from the plan agent showing total dividends, shares acquired and price per share, and total shares of record held by the shareholder and by the plan agent for the shareholder. For all plan participants, the plan agent will hold the shares in safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. in book entry form. This convenience provides added protection against loss, theft or inadvertent destruction of certificates. As an additional benefit, shareholders may deposit certificate shares with the plan agent for safekeeping in their book entry form account. H&Q Healthcare Investors (NYSE NYSE See: New York Stock Exchange : HQH HQH Highest Quality Health (and Fitness Products) ) is a closed-end fund that invests in public and private companies in the health care industries. Hambrecht & Quist Capital Management Inc., a Boston-based subsidiary of Hambrecht & Quist Group (NYSE: HMQ), serves as adviser to the fund. CONTACT: H&Q Healthcare Investors Jennifer Morris, 617/574-0527 |
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