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BOSTON--([ BUSINESS WIRE ])--H&Q Healthcare Investors (NYSE: HQH) (the aFunda) announced today, following the death of a long-time Trustee, Lawrence S. Lewin, that the Board of Trustees has reduced the number of Trustees from eight to seven, in accordance with the Fundas Amended and Restated Declaration of Trust, as amended. Accordingly, shareholders of the Fund will vote for the election of two Class B Trustees (the nominees being Daniel R. Omstead, Ph.D. and Uwe E. Reinhardt, Ph.D) and one Class C Trustee (the nominee being Michael W. Bonney) at the annual meeting of the Fundas shareholders to be held on June 11, 2012.

H&Q Healthcare Investors (NYSE: HQH) is a closed-end fund that invests in public and private companies in the healthcare industry. Hambrecht & Quist Capital Management LLC, based in Boston, serves as investment adviser to the Fund. Shares of the Fund can be purchased on the New York Stock Exchange through any securities broker.

For additional information, please visit [ www.hqcm.com ] or call (617) 772-8500.