Tekla Life Sciences Investors Declares $0.37 Stock Distribution A Share

Tekla Life Sciences Investors HQL disclosed a stock distribution of $0.37 a share. The company indicated the new distribution would be paid automatically unless the shareholders instructed otherwise.

Tekla Life Sciences the stock distribution would be payable on June 10 and it has fixed April 25 as the record date for determining the eligible shareholders. The fund will become ex-dividend on April 21.

The company indicated that shareholders could request cash also instead of shares by responding to the bank, brokerage or nominee who holds the shares if the shares are in "street name." Alternatively, such shareholders could fill an election card received from Computershare Investor Services shortly after the record date.

On Thursday, the unit traded down by 0.88 percent.