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Tekla World Healthcare Fund announces distribution of USD0.1167 per share for month.

M2 EQUITYBITES-September 2, 2019-Tekla World Healthcare Fund announces distribution of USD0.1167 per share for month

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Tekla World Healthcare Fund (NYSE:THW) declared on Friday that it has paid a monthly distribution of USD0.1167 per share of its stock.

The company added that the distribution is derived from return of capital or other capital source. The composition of this and subsequent distributions may vary from month to month because it may be materially impacted by future realized gains and losses on securities.

In conjunction, the aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -USD109,138,237, of which USD56,694,033 represents net unrealized depreciation of portfolio securities, added the company.

According to the closed-end fund, it invests in companies in the healthcare industry and Tekla Capital Management LLC, the Fund's investment adviser, has approximately USD2.9bn of assets under management as of 30 June 2019.

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Publication:M2 EquityBites (EQB)
Date:Sep 2, 2019
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