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John Hancock Closed-End Funds: Q1 2025 Earnings Overview

On April 24, 2025, John Hancock announced the earnings results for its Closed-End Funds for the first quarter ending March 31, 2025. This important report not only provides valuable insights into the financial standing of these funds but also allows investors to compare current performance with historical data from the previous year.

Earnings Report Details

The earnings report included two key funds: the Hedged Equity Income Fund (HEQ) and the Financial Opportunities Fund (BTO). Below are the highlights from the report:

For the Quarter Ended March 31, 2025

• - Hedged Equity Income Fund (HEQ)

- Net Investment Income: $1,623,007
- Earnings Per Share: $0.134
- Net Asset Value (NAV): $11.71
- Total Managed Assets: $141,635,946
- Total Net Assets: $141,635,946

• - Financial Opportunities Fund (BTO)

- Net Investment Income: $2,216,652
- Earnings Per Share: $0.112
- NAV: $32.48
- Total Managed Assets: $771,929,173
- Total Net Assets: $641,929,173

Comparison with Q1 2024

The announcement also included data from the same period in the previous year, allowing for direct comparison:

• - Hedged Equity Income Fund (HEQ)

- Net Investment Income: $1,508,962
- Earnings Per Share: $0.124
- NAV: $11.85
- Total Managed Assets: $144,019,870
- Total Net Assets: $144,019,870

• - Financial Opportunities Fund (BTO)

- Net Investment Income: $2,082,292
- Earnings Per Share: $0.106
- NAV: $29.34
- Total Managed Assets: $702,658,627
- Total Net Assets: $577,658,627

Insights and Future Outlook

This data reveals a mixed performance when compared to last year, with HEQ seeing a slight increase in earnings per share, while BTO also showed growth in net investment income but decreased its earnings per share slightly. The slight fluctuations in NAV across both funds may reflect broader market conditions and investment strategies employed during the quarter.

John Hancock emphasizes that these earnings figures represent past performance, and they caution that there is no guarantee of future results. They also remind investors that the distributions might differ from the earnings stated and that further updates will be provided via separate announcements.

About John Hancock Investments

John Hancock's commitment to providing diverse investment opportunities through a multimanager approach has positioned them as a key player in the asset management industry. They combine in-house capabilities with an extensive network of specialized asset managers, ensuring robust investment oversight.

For investors considering the John Hancock Closed-End Funds, understanding their investment objectives, risks, and associated charges is crucial for making informed decisions.

For more detailed information about their funds, including the latest distribution rates, head over to John Hancock Investment Management where further resources and insights are readily available.

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Media Contact: Gordon Haight, (617) 572-0034
Investor Contact: (800) 843-0090