Exhibit 99.Section 19(a)
EXHIBIT 3: SECTION 19(a) NOTICE TO FUND’S SHAREHOLDERS
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: December 30, 2022
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid December 30, 2022, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | Current
Distribution | | | Percentage
Breakdown
of Current
Distribution | | | Total Cumulative
Distributions for the
Fiscal Year to Date1 | | | Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 5 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.3329 | | | | 95 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.3501 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from November 30, 2017 through November 30, 2022 | | | 9.00 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2022 | | | 10.34 | % |
| Cumulative total return at NAV for the fiscal year, through November 30, 20222 | | | 13.78 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 20221 | | | 2.59 | % |
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 composition of this and subsequent distribution may vary from month to month because it may be materially impacted by future realized gains and losses on securities. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$6,909,543, of which $1,618,823 represents net unrealized depreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through November 30, 2022. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: January 31, 2023
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid January 31, 2023, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | Current
Distribution | | | Percentage
Breakdown
of Current
Distribution | | | Total Cumulative
Distributions for the
Fiscal Year to Date1 | | | Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 4 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.4496 | | | | 96 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.4668 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from December 31, 2017 through December 31, 2022 | | | 8.27 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2022 | | | 10.67 | % |
| Cumulative total return at NAV for the fiscal year, through December 31, 20222 | | | 11.23 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 20221 | | | 3.56 | % |
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 composition of this and subsequent distribution may vary from month to month 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 losses on sale of securities is $4,626,970, of which $11,115,111 represents net unrealized appreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through December 31, 2022. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: February 28, 2023
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid February 28, 2023, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | | | | Percentage
Breakdown | | | Total Cumulative | | | Percentage Breakdown
of the Total Cumulative | |
| | | Current
Distribution | | | of Current
Distribution | | | Distributions for the
Fiscal Year to Date1 | | | Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 3 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.5663 | | | | 97 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.5835 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from January 31, 2018 through January 31, 2023 | | | 7.39 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2023 | | | 10.70 | % |
| Cumulative total return at NAV for the fiscal year, through January 31, 20232 | | | 11.97 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 20231 | | | 4.46 | % |
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 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. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is $ -9,747,871, of which $ 4,297,773 represents net unrealized depreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through January 31, 2023. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: March 31, 2023
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid March 31, 2023, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | Current
Distribution | | | Percentage
Breakdown
of Current
Distribution | | | Total Cumulative
Distributions for the
Fiscal Year to Date1 | | | Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 2 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.6830 | | | | 98 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.7002 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from February 28, 2018 through February 28, 2023 | | | 7.85 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2023 | | | 11.30 | % |
| Cumulative total return at NAV for the fiscal year, through February 28, 20232 | | | 6.98 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 20231 | | | 5.65 | % |
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 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. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is $ -22,401,326, of which $ 18,421,481 represents net unrealized depreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through February 28, 2023. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: April 28, 2023
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid April 28, 2023, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | Current
Distribution | | | Percentage
Breakdown
of Current
Distribution | | | Total Cumulative
Distributions for the
Fiscal Year to Date1 | | | Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 2 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.7997 | | | | 98 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.8169 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from March 31, 2018 through March 31, 2023 | | | 8.51 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2023 | | | 11.08 | % |
| Cumulative total return at NAV for the fiscal year, through March 31, 20232 | | | 10.15 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 20231 | | | 6.46 | % |
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 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. The aggregate of the net unrealized appreciation of portfolio securities and net realized losses on sale of securities is $10,934,910, of which $15,941,416 represents net unrealized appreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through March 31, 2023. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
TEKLA WORLD HEALTHCARE FUND
Notification of Sources of Distribution
Distribution Paid Date: May 31, 2023
| Distribution Amount Per Common Share: | $0.1167 |
The following table sets forth the estimated amounts of the current distribution, paid May 31, 2023, 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 and return of capital or other capital source. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. All amounts are expressed per common share.
| | | Current
Distribution | | | Percentage
Breakdown
of Current
Distribution | | | Total Cumulative
Distributions for the
Fiscal Year to Date1 | | | Percentage Breakdown
of the Total Cumulative
Distributions for the
Fiscal Year to Date1 | |
| Net Investment Income | | $ | 0.0000 | | | | 0 | % | | $ | 0.0172 | | | | 2 | % |
| Net Realized ST Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Net Realized LT Cap Gains | | $ | 0.0000 | | | | 0 | % | | $ | 0.0000 | | | | 0 | % |
| Return of Capital or Other Capital Source | | $ | 0.1167 | | | | 100 | % | | $ | 0.9164 | | | | 98 | % |
| TOTAL (per common share): | | $ | 0.1167 | | | | 100 | % | | $ | 0.9336 | | | | 100 | % |
The table below includes information relating to the Fund’s performance based on its NAV for certain periods.
| Average annual total return at NAV for the period from April 30, 2018 through April 30, 2023 | | | 9.20 | % |
| Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2023 | | | 10.80 | % |
| Cumulative total return at NAV for the fiscal year, through April 30, 20232 | | | 14.04 | % |
| Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 20231 | | | 7.20 | % |
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 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. The aggregate of the net unrealized depreciation of portfolio securities and net realized losses on sale of securities is -$3,917,552, of which $231,521 represents net unrealized depreciation of portfolio securities.
The amounts and sources of distributions reported in this 19(a) Notice 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.
| 1 | The Fund’s current fiscal year began on October 1, 2022. |
| 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, 2022 through April 30, 2023. |
Tekla World Healthcare Fund
CUSIP: 87911L108
www.teklacap.com
Tekla Capital Management LLC
100 Federal Street, 19th Floor
Boston, Massachusetts 02110
617-772-8500
Fax: 617-772-8577
