H&Q Life Sciences Investors (the “Trust”) is issuing non-transferable rights (“Rights”) to its Shareholders of record as of the close of business on May 30, 2014 (the “Record Date”). These Rights will allow you to subscribe for one (1) Share of the Trust for every three (3) Rights held (the “Offer”). You will receive one Right for each whole Share that you hold of record as of the Record Date, rounded down to the nearest number of Rights evenly divisible by three. The Rights will not be listed for trading on the New York Stock Exchange (“NYSE”) or any other exchange. You may also purchase Shares not acquired by other Shareholders subject to certain limitations and subject to allotment as described in this Prospectus.
The Subscription Price per Share will be 95% of the volume weighted average price of a Share on the NYSE on June 25, 2014 (the “Pricing Date”) and the three preceding business days. Source: Filing
