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Manulife Financial Corp
Symbol MFC
Shares Issued 1,948,859,681
Close 2019-12-31 C$ 26.36
Recent Sedar Documents

Manulife's John Hancock discloses distribution sources

2019-12-31 16:38 ET - News Release

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 cents

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.

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