John Hancock Bank and Thrift Opportunity Fund Declares Year-End Managed Distribution
December 03 2004 - 4:39PM
PR Newswire (US)
John Hancock Bank and Thrift Opportunity Fund Declares Year-End
Managed Distribution BOSTON, Dec. 3 /PRNewswire-FirstCall/ -- John
Hancock Bank and Thrift Opportunity Fund (NYSE:BTO) declared its
year-end distribution pursuant to the fund's 10% managed
distribution policy today as follows: Declaration date: December 3,
2004 Ex-dividend date: December 9, 2004 Record date: December 13,
2004 Payment date: December 31, 2004 Source of Distribution Per
Share Dividend income $0.12627 Long-term capital gain $0.13139
Short-term capital gain $0.01234 Total $0.27000 The plan requires
the fund to make quarterly distributions of at least 2.5 percent of
the fund's net asset value as of the preceding calendar year-end,
or at least 10 percent annually. For the calendar year-ending 2004,
the plan requirements have been met. The last three managed
distributions were as follows: Declaration Date Per Share March 5,
2004 $0.27000 (long-term capital gain) June 4, 2004 $0.27000
(long-term capital gain) September 3, 2004 $0.27000 (long-term
capital gain) As of the fund's most recent semiannual reporting
period ended April 30, 2004, BTO had over $865 million in net
assets of which 54% was net unrealized appreciation of investments.
For individual taxable accounts, long-term capital gains are
subject to at a maximum Federal tax rate of 15%. For the 1- year
period ending October 31, 2004, BTO posted an average annual total
return at net asset value of 17.93%; 3-year, 19.07%; 5-year, 11.47%
and 10-year return, 17.76%. John Hancock Bank and Thrift
Opportunity Fund is a diversified, closed-end fund. The Fund seeks
long-term capital appreciation by normally investing at least 80%
of its assets in equity securities of U.S. regional banks and
thrifts and holding companies that primarily own or receive a
substantial portion of their income from regional banks or thrifts.
John Hancock Funds, a premier investment management company,
managed approximately $29 billion in open-end funds, closed-end
funds, private accounts, retirement plans and related party assets
for individual and institutional investors as of September 30,
2004. Additional information about the company can be found on the
website: http://www.jhfunds.com/. John Hancock Funds is a wholly
owned subsidiary of John Hancock Financial Services, Inc., a
subsidiary of Manulife Financial Corporation. Founded in 1862, John
Hancock Financial Services and its subsidiaries today offer a broad
range of financial products and services, including whole, term,
variable, and universal life insurance, as well as college savings
products, mutual funds, fixed and variable annuities, long-term
care insurance and various forms of business insurance. Manulife
Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories
worldwide. Operating as Manulife Financial in Canada and most of
Asia, and primarily through 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 Cdn$346
billion (US$274 billion) as at September 30, 2004. Manulife
Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '0945' on the SEHK. Manulife Financial can be found on the
Internet at http://www.manulife.com/. DATASOURCE: John Hancock
Funds CONTACT: Kimberley Dietrich, +1-617-375-0311, or Investors:
+1-800-843-0090, both of John Hancock Web site:
http://www.manulife.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