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Manulife's Hancock funds declare quarterly dividends

2019-09-03 16:45 ET - News Release

An anonymous director reports

JOHN HANCOCK CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS

Manulife Financial Corp. has released five John Hancock closed-end funds' quarterly distributions.

Declaration date:  Sept. 3, 2019

Ex date:  Sept. 12, 2019

Record date:  Sept. 13, 2019

Payment date:  Sept. 30, 2019

Ticker                     Fund name  Distribution per  Change from previous   Market price            Annualized
                                                 share          distribution          as of  current distribution
                                                                              Aug. 30, 2019        rate at market

HEQ      Hedged Equity & Income Fund           $0.3760                     -         $13.77                10.92%
JHI                  Investors Trust           $0.3246                0.0135         $17.15                 7.57%
JHS          Income Securities Trust           $0.1550                0.0046         $14.58                 4.25%
HTY            Tax-Advantaged Global
              Shareholder Yield Fund           $0.1600                     -          $6.63                 9.65%
BTO     Financial Opportunities Fund           $0.5500                     -         $30.48                 7.22%


  

John Hancock Hedged Equity & Income Fund

Hedged Equity & Income Fund declared its quarterly distribution pursuant to the fund's managed distribution plan. Under the HEQ plan, the fund makes quarterly distributions in a fixed amount of 37.6 cents 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 declared its quarterly distribution pursuant to the fund's managed distribution plan. Under the BTO plan, the fund makes quarterly distributions in a fixed amount of 55 cents 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 finance 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 adviser and subadviser 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. 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.

About Manulife Financial Corp.

John Hancock is a division of Manulife, 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. Manulife operates primarily as John Hancock in the United States and as Manulife elsewhere. It provides financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

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