BOSTON, June 3, 2019 /PRNewswire/ -- The five
John Hancock closed-end funds listed
below declared their quarterly distributions today as follows:
Declaration
Date: June 3, 2019
Ex
Date:
June 12, 2019
Record
Date:
June 13, 2019
Payment
Date:
June 28, 2019
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Fund
Name
|
Distribution
Per Share
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Change From
Previous
Distribution
|
Market Price
as
of 05/31/2019
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Annualized
Current
Distribution Rate
at Market
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HEQ
|
Hedged Equity &
Income Fund
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$0.3760
|
-
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$13.62
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11.04%
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JHI
|
Investors
Trust
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$0.3111
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0.0653
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$16.00
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7.78%
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JHS
|
Income Securities
Trust
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$0.1504
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-0.0018
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$14.35
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4.19%
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HTY
|
Tax-Advantaged
Global
Shareholder Yield Fund
|
$0.1600
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-
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$6.61
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9.68%
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BTO
|
Financial
Opportunities Fund
|
$0.5500
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-
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$30.56
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7.20%
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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
distributions in a fixed amount of $0.3760 per share, which will be paid quarterly
until further notice. Distributions under the HEQ 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 Fund may also make additional distributions
(i) for purposes of not incurring federal income tax on investment
company taxable income and net capital gain of the Fund, if any,
not included in such regular distributions and (ii) for purposes of
not incurring federal excise tax on 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.
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 distributions in a
fixed amount of $0.5500 per share,
which will be paid quarterly until further notice.
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 advisor and subadvisor
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 investment company taxable
income and net capital gain of the Fund, if any, not included in
such regular distributions and (ii) for purposes of not incurring
federal excise tax on 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.
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 Financial and Manulife Financial
John Hancock is a division of
Manulife Financial Corporation, a leading international financial
services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States and as Manulife elsewhere. We provide
financial advice, insurance, and wealth and asset management
solutions for individuals, groups, and institutions. Assets under
management and administration by Manulife and its subsidiaries were
over CAD$1.1 trillion (US$794 billion) as of December 31, 2018. Manulife Financial Corporation
trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK.
Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
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SOURCE John Hancock Investment Management