BOSTON, March 1, 2019 /PRNewswire/ -- The five
John Hancock closed-end funds listed below declared their quarterly distributions today as
follows:
Declaration Date:
|
March 1, 2019
|
Ex Date:
|
March 8, 2019
|
Record Date:
|
March 11, 2019
|
Payment Date:
|
March 29, 2019
|
|
Fund Name
|
Distribution Per
Share
|
Change From
Previous
Distribution
|
Market Price
as of
02/28/2019
|
Annualized
Current
Distribution
Rate at Market
|
HEQ
|
Hedged Equity & Income Fund
|
$0.3760
|
-
|
$14.67
|
10.25%
|
JHI
|
Investors Trust
|
$0.2458
|
-$0.0709
|
$15.80
|
6.22%
|
JHS
|
Income Securities Trust
|
$0.1522
|
-$0.0563
|
$13.70
|
4.44%
|
HTY
|
Tax-Advantaged Global
Shareholder Yield Fund
|
$0.1600
|
-
|
$7.03
|
9.10%
|
BTO
|
Financial Opportunities Fund
|
$0.5500
|
-
|
$35.03
|
6.28%
|
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 Investments
John Hancock has helped individuals and institutions build and protect wealth since
1862. Today, we're one of the strongest and most-recognized financial brands. We serve investors globally through a unique
multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer,
then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best
interests of our shareholders. Our approach to asset management has led to a diverse set of investments deeply rooted in investor
needs, along with strong risk-adjusted returns across asset classes.
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$849 billion) as of
September 30, 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 Investments