BOSTON,
MA, June 30, 2022 /PRNewswire/ - John Hancock
Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end
fund managed by John Hancock Investment Management LLC and
subadvised by Manulife Investment Management (US) LLC, announced
today sources of its quarterly distribution of $0.6500 per share paid to all shareholders of
record as of June 13, 2022, 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 Financial
Opportunities Fund (NYSE: BTO) with important information
concerning the distribution declared on June
1, 2022, and payable on June 30,
2022. No action is required on your part.
Distribution
Period:
|
June 2022
|
|
|
Distribution Amount Per
Common Share:
|
$0.6500
|
The following table sets forth the estimated sources of the
current distribution, payable June 30,
2022, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income; net
realized short term capital gains; net realized long term capital
gains; and return of capital or other capital source. All amounts
are expressed on a per common share basis and as a percentage of
the distribution amount.
|
|
For the period
04/1/2022-06/30/2022
|
|
For the fiscal
year-to-date period
1/1/2022-06/30/2022 [1]
|
Source
|
|
Current
Distribution ($)
|
|
% Breakdown
of the Current Distribution
|
|
Total Cumulative
Distributions ($)
|
|
% Breakdown
of the Total
Cumulative
Distributions
|
Net Investment
Income
|
|
0.1450
|
|
22 %
|
|
0.3494
|
|
29 %
|
Net Realized Short-
Term Capital Gains
|
|
0.0000
|
|
0 %
|
|
0.0000
|
|
0 %
|
Net Realized Long-
Term Capital Gains
|
|
0.1560
|
|
24 %
|
|
0.3600
|
|
30 %
|
Return of Capital
or
Other Capital Source
|
|
0.3490
|
|
54 %
|
|
0.4891
|
|
41 %
|
Total per common share
|
|
0.6500
|
|
100 %
|
|
1.1985
|
|
100 %
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on May 31,
2022
|
|
8.17 %
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of May 31,
2022
|
|
7.26 %
|
|
|
|
1 The Fund's
current fiscal year began on January 1, 2022 and will end on
December 31, 2022.
|
|
|
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 June
2022 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund makes
fixed quarterly distributions in the amount of $0.6500 per share.
If you have questions or need additional information, please
contact your financial professional or call the John Hancock
Investment Management 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.
Effective October 1, 2021,
copies of all notices informing shareholders of distributions made
by the fund in excess of accumulated net investment income will be
posted on John Hancock Investment Management's public website
(jhinvestments.com) and on the Legal Notice System (LENS), a
service offering of the Depository Trust Company (DTC) accessible
by broker-dealer firms. To the extent required, notice may also be
provided via press release. John Hancock Investment Management will
continue to distribute paper copies of these notices by mail until
March 30, 2022, after which date the
notices will be delivered exclusively via the methods described
above.
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 Investment Management
A company of
Manulife Investment Management, we serve investors through a unique
multimanager approach, complementing our extensive in-house
capabilities with an unrivaled network of specialized asset
managers, backed by some of the most rigorous investment oversight
in the industry. The result is a diverse lineup of time-tested
investments from a premier asset manager with a heritage of
financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 18 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
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SOURCE John Hancock Investment Management