Paid distribution of the Tekla Healthcare Opportunities fund

BOSTON–(COMMERCIAL THREAD) – On December 31, 2021, Tekla Healthcare Opportunities Fund paid a monthly distribution of $ 0.1125 per share. This distribution is currently believed to be derived from a return of capital or other source of capital. The composition of this distribution and subsequent distributions may vary from month to month as it may be materially affected by future realized gains and losses on the securities. The total of the net unrealized appreciation of the portfolio securities and the net realized gains on the sale of securities is $ 252,118,815, of which $ 248,098,171 represents the net unrealized appreciation of the portfolio securities.

The following table shows the estimated amounts of the current distribution, paid as at December 31, 2021, and the cumulative distributions paid since the beginning of the year from the following sources: net investment income, net realized capital gains short term, long-term realized capital gains and return of capital or other source of capital. The Fund considers that it has distributed more than its income and net realized capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Fund and should not be confused with “return” or “income”. All amounts are expressed per common share.

Running

Distribution

Percentage

Failure of

Current distribution

Cumulative total

Breakdown for the

Exercise to date1

Percentage distribution

of the cumulative total

Breakdown for the

Exercise to date1

Net investment income

$ 0.0000

0

%

$ 0.0030

1

%

Net realized ST heading gains

$ 0.0000

0

%

$ 0.0371

11

%

Long-term net gains ceilings

$ 0.0000

0

%

$ 0.0976

29

%

Repayment of capital or other source of capital

$ 0.1125

100

%

$ 0.198

59

%

TOTAL (per ordinary share):

$ 0.1125

100

%

$ 0.3375

100

%

The table below includes information relating to the performance of the Fund on the basis of its net asset value for certain periods.

Average annual return at net asset value for the period November 30, 2016 to November 30, 2021

14.17%

Current annualized payout rate expressed as a percentage of NAV as of November 30, 2021

5.77%

Total cumulative return at net asset value for the year, until November 30, 20212

-0.21%

Cumulated payout rate since the start of the fiscal year expressed as a percentage of NAV as of November 30, 20211

1.44%

You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Fund’s managed distribution policy.

The amounts and sources of distributions shown in this press release are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.

Tekla Capital Management LLC, the Fund’s investment advisor, is a healthcare-focused investment manager based in Boston, MA, with approximately $ 3.6 billion in assets under management as of September 30, 2021. Tekla serves also an investment advisor for Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW), closed-end funds that invest in healthcare companies and life sciences. Information about the Funds and Tekla Capital Management LLC is available at www.teklacap.com.

Please contact Destra Capital Advisors, the Fund’s Marketing and Investor Support Services agent, at [email protected] or call (877) 855-3434 if you have any questions regarding THQ.

1 The current financial year of the Fund began on October 1, 2021.

2 Total cumulative return at NAV is the percentage change in the NAV of the Fund and includes all distributions and assumes the reinvestment of those distributions for the period September 30, 2021 to November 30, 2021.


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