An anonymous director reports
JOHN HANCOCK HEDGED EQUITY & INCOME FUND REQUIRED NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(A)
Manulife Financial Corp.'s John Hancock Hedged Equity & Income Fund has disclosed the sources of its quarterly distribution of 37.60 cents per share paid to all shareholders of record as of Dec. 12, 2019, pursuant to the fund's managed distribution plan. This news 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 Hedged Equity & Income Fund with important information concerning the distribution declared on Dec. 2, 2019, and payable on Dec. 31, 2019. No action is required on your part.
Distribution period: December, 2019
Distribution amount per common share: 37.60
The attached table sets forth the estimated sources of the current distribution, payable Dec. 31, 2019, 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.
Source Current Per cent breakdown Total cumulative Per cent breakdown
distribution of the current distributions of the total
($) distribution for the fiscal cumulative distributions
year to date ($) (1) for the fiscal year
to date (1)
Net investment income 0.1073 29% 0.6129 41%
Net realized short-term capital gains 0.0000 0% 0.0000 0%
Net realized long-term capital gains 0.0000 0% 0.0473 3%
Return of capital or other capital source 0.2687 71% 0.8438 56%
Total per common share 0.3760 100% 1.5040 100%
Average annual total return (in relation
to net asset value) for the five years
ended on Nov. 30, 2019 5.08%
Annualized current distribution rate
expressed as a percentage of NAV as of
Nov. 30, 2019 10.15%
Cumulative total return
(in relation to NAV) for the fiscal year
through Nov. 30, 2019 10.85%
Cumulative fiscal year-to-date
distribution rate expressed as a
percentage of NAV as of Nov. 30, 2019 10.15%
(1) The fund's current fiscal year began on Jan. 1, 2019, and will end on Dec. 31, 2019.
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 December, 2019, distribution pursuant to the fund's managed distribution plan. Under the plan, the fund makes fixed quarterly distributions in the amount of 37.60 cents per share, which will continue to be paid quarterly until further notice.
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 a.m. Eastern Time and 7 p.m. Eastern Time.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.