BOSTON--(BUSINESS WIRE)--On August 3, 2015, Tekla World Healthcare Fund declared its initial monthly cash distribution of $0.1167 per share. This represents an annualized distribution rate of 7% based upon the Fund’s IPO market price of $20.00. The record date for the monthly cash distribution is August 20, 2015 and the payable date is August 31, 2015. The Fund will trade ex-distribution on August 18, 2015. Note that only participants in the Fund’s Dividend Reinvestment and Stock Purchase Plan