#United States #Boston #John Hancock #Closed-End Funds #distributions

John Hancock Closed-End Funds Declare Quarterly Distributions

On December 2, 2024, John Hancock Investment Management made a significant announcement regarding their closed-end funds, revealing the details of their quarterly distributions. These declarations are pivotal for investors who rely on consistent income from their investments.

Key Dates for the Distributions

• - Declaration Date: December 2, 2024
• - Ex-Dividend Date: December 12, 2024
• - Record Date: December 12, 2024
• - Payment Date: December 31, 2024

The following funds were included in the distribution announcement:
1. Hedged Equity Income Fund (HEQ)
- Distribution Per Share: $0.2500
- Market Price (as of 11/29/2024): $11.11
- Annualized Current Distribution Rate: 9.00%

2. Income Securities Trust (JHS)
- Distribution Per Share: $0.2017
- Market Price: $11.49
- Annualized Current Distribution Rate: 7.02%

3. Investors Trust (JHI)
- Distribution Per Share: $0.3455
- Market Price: $14.22
- Annualized Current Distribution Rate: 9.72%

4. Financial Opportunities Fund (BTO)
- Distribution Per Share: $0.6500
- Market Price: $39.40
- Annualized Current Distribution Rate: 6.60%

Insights on the Distribution Plans

The distributions are a part of managed distribution plans tailored for these funds. For instance, the Hedged Equity Income Fund follows a designated HEQ Plan, providing quarterly income to shareholders through a fixed share amount, supplemented by potential returns of capital and net investment income. Similarly, the Financial Opportunities Fund implements the BTO Plan, focusing on maximizing tax efficiency for its distributions.

It is important to highlight that these funds may distribute returns that are not solely derived from net investment income. This means that a portion of the distribution could potentially represent a return of capital, which is distinct from distribution of income or gains.

Forward-Looking Statements and Considerations

Investors should be aware that statements made by the company that are not historical facts are regarded as forward-looking statements. These should be interpreted cautiously, as they can be affected by various uncertainties that may lead to results differing from expectations. Before making any investment decisions, individuals are encouraged to consider a fund's objectives, risks, charges, and expenses carefully.

About John Hancock Investment Management

John Hancock Investment Management, under the umbrella of Manulife Investment Management, adopts a multimanager approach to offer a diverse selection of investment options. The firm prides itself on its extensive resources and commitment to responsible investing. With over a century of experience, the company strives to provide sound financial management and innovative services to investors globally.

With the recently declared distributions, John Hancock continues to affirm its commitment to offering value and income to its investors, thereby reinforcing confidence in its fund management strategies.