BOSTON, Sept. 2, 2014 /PRNewswire/ -- The five John
Hancock closed-end funds listed below declared their quarterly
distributions today as follows:
Declaration
Date:
|
September 2,
2014
|
Ex
Date:
|
September 10,
2014
|
Record
Date:
|
September 12,
2014
|
Payment
Date:
|
September 30,
2014
|
Ticker
|
Fund
Name
|
Distribution Per
Share
|
Change From
Previous Distribution
|
Market Price as of
8/29/2014
|
Annualized Current
Distribution
Rate at Market
|
BTO
|
Financial
Opportunities Fund
|
$0.2961
|
-
|
$22.83
|
5.19%
|
HEQ
|
Hedged Equity &
Income Fund
|
$0.3760
|
-
|
$18.52
|
8.12%
|
JHI
|
Investors
Trust
|
$0.4020
|
($0.0149)
|
$19.91
|
8.08%
|
JHS
|
Income Securities
Trust
|
$0.2220
|
($0.0085)
|
$14.64
|
6.07%
|
HTY
|
Tax-Advantaged Global
Shareholder Yield Fund
|
$0.3200
|
-
|
$12.41
|
10.31%
|
John Hancock Financial Opportunities Fund
Financial
Opportunities Fund (the "Fund") declared its quarterly distribution
pursuant to the Fund's managed distribution plan (the "BTO Plan").
Under the BTO Plan, the Fund makes quarterly distribution in a
fixed amount of $0.2961 per share,
which will be paid quarterly until further notice. This
amount was based upon an annual distribution rate of 6.50% of the
Fund's NAV of $18.22 on July 31, 2012 at the time the BTO Plan was last
amended.
Distributions under the BTO Plan may consist of net investment
income, net realized long-term capital gains, net realized
short-term capital gains and, to the extent necessary, return of
capital. The BTO Plan intends to fund each distribution, to the
extent possible, in a tax-advantaged manner through the realization
of long-term capital gains where the distribution amount exceeds
net investment income. The Fund will seek to realize capital gains
for this purpose in a manner which the Adviser and Subadviser
believe is consistent with prudent portfolio management and the
investment objective, policies and restrictions of the Fund.
The Fund may also make additional distributions (i) for purposes
of not incurring federal income tax on the Fund of investment
company taxable income and net capital gain, if any, not included
in such regular distributions and (ii) for purposes of not
incurring federal excise tax of ordinary income and capital gain
net income, if any, not included in such regular quarterly
distributions. The Board may amend the terms of the BTO Plan or
terminate the BTO Plan at any time.
John Hancock Hedged Equity & Income Fund
Hedged
Equity & Income Fund (the "Fund") declared its quarterly
distribution pursuant to the Fund's managed distribution plan (the
"HEQ Plan"). Under the HEQ Plan, the Fund makes quarterly
distribution in a fixed amount of $0.3760 per share, which will be paid quarterly
until further notice. This fixed amount was based upon an
annual distribution rate of 8.00% of the Fund's net asset value
("NAV") of $18.80 on August 31, 2013 at the time the HEQ Plan was last
amended.
The Fund may also make additional distributions (i) for purposes
of not incurring federal income tax on the Fund of investment
company taxable income and net capital gain, if any, not included
in such regular distributions and (ii) for purposes of not
incurring federal excise tax of ordinary income and capital gain
net income, if any, not included in such regular quarterly
distributions. The Board may amend the terms of the HEQ Plan
or terminate the HEQ Plan at any time.
A portion of a Fund's current distribution may include sources
other than net investment income, including a return of capital.
Investors should understand that a return of capital is not a
distribution from income or gains of a Fund. As required under the
Investment Company Act of 1940, a notice with the estimated
components of the distribution will be mailed to shareholders at
the time of payment if it does not consist solely of net investment
income. At this time, one or more of the Funds anticipates that the
notice accompanying the current distribution will include an
estimate of return of capital. Such notice will also be posted to
the Funds' website at www.jhinvestments.com. The notice should not
be used to prepare tax returns as the estimates indicated in the
notice may differ from the ultimate federal income tax
characterization of distributions. After the end of each calendar
year, investors will be sent a Form 1099-DIV informing them how to
report distributions received during that year for federal income
tax purposes.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before investing.
About John Hancock Investments
John Hancock
Investments provides asset management services to individuals and
institutions through a unique manager-of-managers approach. A
wealth management business of John Hancock Financial, we managed
over $124 billion in assets as of
June 30, 2014, across mutual funds,
college savings plans, and retirement plans.
About John Hancock Financial and Manulife
Financial
John Hancock Financial is a division of
Manulife Financial, a leading Canada-based financial services group with
principal operations in Asia,
Canada and the United States. Operating as Manulife
Financial in Canada and
Asia, and primarily as John
Hancock in the United States, the
Company offers clients a diverse range of financial protection
products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were
C$637 billion (US$597 billion) at June
30, 2014. Manulife Financial Corporation trades as 'MFC' on
the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife
Financial can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies,
comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range
of financial products, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, long-term care insurance,
college savings, and other forms of business insurance. Additional
information about John Hancock may be found at
johnhancock.com.
SOURCE John Hancock Investments