BOSTON, March 31, 2015 /PRNewswire/ -- John Hancock
Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a
closed-end fund managed by John Hancock Advisers, LLC (the
"Adviser") and subadvised by Wellington Management Company, LLP
(the "Subadviser"), announced today sources of its quarterly
distribution of $0.3760 per share
paid to all shareholders of record as of March 12, 2015, pursuant to the Fund's managed
distribution plan. This press release is issued as required
by an exemptive order granted to the Fund by the U.S. Securities
and Exchange Commission.
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock Hedged
Equity & Income Fund (NYSE: HEQ) with important information
concerning the distribution declared on March 2, 2015 and payable on March 31, 2015. No action is required on your
part.
Distribution
Period: March
2015
Distribution Amount Per Common
Share:
$0.3760
The following table sets forth the estimated sources of the
current distribution, payable March 31,
2015, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income;
net realized short term capital gains; net realized long term
capital gains; and return of capital or other capital source. All
amounts are expressed on a per common share basis and as a
percentage of the distribution amount.
Source
|
|
Current Distribution
($)
|
|
% Breakdown
of the Current Distribution
|
|
Total Cumulative
Distributions for
the Fiscal Year to Date ($)[1]
|
|
% Breakdown
of the Total Cumulative Distributions
for the Fiscal
Year to Date[1]
|
Net Investment
Income
|
|
0.1553
|
|
41%
|
|
0.1553
|
|
41%
|
Net Realized Short-
Term Capital Gains
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
Net Realized Long-
Term Capital Gains
|
|
0.0797
|
|
21%
|
|
0.0797
|
|
21%
|
Return of Capital or
Other Capital Source
|
|
0.1410
|
|
38%
|
|
0.1410
|
|
38%
|
Total per common
share
|
|
0.3760
|
|
100%
|
|
0.3760
|
|
100%
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the period commencing on May 26,
2011 and ending on February 28, 2015
|
|
7.35%
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of
February 28, 2015
|
|
8.03%
|
|
|
|
Cumulative total
return (in relation to NAV) for the fiscal year through February
28, 2015
|
|
2.74%
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of February 28, 2015
|
|
2.01%
|
[1] The Fund's current fiscal year began on January 1, 2015, and will end on December 31, 2015.
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution or from the terms
of the Fund's managed distribution plan.
The Fund estimates that it has distributed more than its income
and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital
may occur, for example, when some or all of the money that you
invested in the Fund is paid back to you. A return of capital
distribution does not necessarily reflect the Fund's investment
performance and should not be confused with "yield" or
"income."
The amounts and sources of distributions reported in this Notice
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for
tax reporting purposes will depend upon the Fund's investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report these distributions for federal income tax
purposes.
The Fund has declared the March
2015 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund
makes fixed quarterly distributions in the amount of $0.3760 per share, which will continue to 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 of
$18.80 on August 31, 2013 at the time the Plan was last
amended.
If you have questions or need additional information, please
contact your financial professional or call the John Hancock
Investments Closed-End Fund Information Line at 1-800-843-0090,
Monday through Friday between 8:00 a.m. and
7:00 p.m., Eastern Time.
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.
Wellington Management Company, LLP is an independent and
unaffiliated investment sub-adviser to John Hancock Hedged Equity
& Income Fund.
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
$126 billion in assets as of
December 31, 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$691 billion (US$596 billion) as of December 31, 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.
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SOURCE John Hancock Investments