John Hancock Bank and Thrift Opportunity Fund Declares Quarterly Distribution
September 01 2009 - 4:44PM
PR Newswire (US)
BOSTON, Sept. 1 /PRNewswire-FirstCall/ -- John Hancock Bank and
Thrift Opportunity Fund (NYSE:BTO) (the "Fund") declared a
quarterly distribution of $0.0595 per share today. This
distribution rate equates to an annualized rate of 1.70%, based on
the Fund's closing market price of $13.97 as of August 31, 2009.
The distribution rate is payable September 30, 2009 to shareholders
of record on September 11, 2009 and with an ex-date of September 9,
2009. As announced on May 11, 2009, the Board of Trustees concluded
that it was in the best interest of shareholders to voluntarily
suspend the Fund's managed distribution plan (the "Plan") effective
with last quarter's distribution. While the Plan is suspended, the
Fund will continue to pay out any net investment income earned on
the portfolio on a quarterly basis as well as any net realized
capital gains on an annual basis, as required. A portion of the
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 the 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, the Fund anticipates that the notice accompanying the current
distribution will include an estimate of return of capital. Such
notice will also be posted to the Fund's website at
http://www.jhfunds.com/. The notice should not to 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 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.
About John Hancock Funds The Boston-based mutual fund business unit
of John Hancock Financial, John Hancock Funds, manages more than
$42.9 billion in open-end funds, closed-end funds, private
accounts, retirement plans and related party assets for individual
and institutional investors at June 30, 2009. About John Hancock
Financial and Manulife Financial Corporation John Hancock Financial
is a unit of Manulife Financial Corporation, a leading
Canadian-based financial services group serving millions of
customers in 22 countries and territories worldwide. Operating as
Manulife Financial in Canada and in most of Asia, and primarily as
John Hancock in the United States, Manulife Financial Corporation
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 Cdn$421 billion
(US$362 billion) at June 30, 2009. 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
http://www.manulife.com/. The John Hancock unit, through its
insurance companies, comprises one of the largest life insurers in
the United States. John Hancock offers a broad range of financial
products and services, including life insurance, fixed and variable
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 http://www.johnhancock.com/. DATASOURCE: John Hancock Bank and
Thrift Opportunity Fund CONTACT: Media, Kelly Stevens,
+1-617-663-2422, or Investors, +1-800-843-0090 Web Site:
http://www.jhfunds.com/
Copyright
John Hancock Financial O... (NYSE:BTO)
Historical Stock Chart
From Jun 2024 to Jul 2024
John Hancock Financial O... (NYSE:BTO)
Historical Stock Chart
From Jul 2023 to Jul 2024