BOSTON, Sept. 30,
2024 /PRNewswire/ - John Hancock Financial
Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund
managed by John Hancock Investment Management LLC and subadvised by
Manulife Investment Management (US) LLC, announced today sources of
its quarterly distribution of $0.6500
per share paid to all shareholders of record as of September 13, 2024, pursuant to the Fund's
managed distribution plan. This press 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 Financial
Opportunities Fund (NYSE: BTO) with important information
concerning the distribution declared on September 3, 2024, and payable on September 30, 2024. No action is required on your
part.
Distribution
Period:
|
September
2024
|
Distribution Amount Per
Common Share:
|
$0.6500
|
The following table sets forth the estimated sources of the
current distribution, payable September 30,
2024, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income;
net realized short term capital gains; net realized long term
capital gains; and return of capital or other capital source. All
amounts are expressed on a per common share basis and as a
percentage of the distribution amount.
|
|
For the period
7/1/2024-09/30/2024
|
|
For the fiscal
year-to-date period
01/1/2024-09/30/2024 1
|
Source
|
|
Current
Distribution ($)
|
|
% Breakdown
of the Current
Distribution
|
|
Total Cumulative
Distributions ($)
|
|
% Breakdown
of the Total
Cumulative
Distributions
|
Net Investment
Income
|
|
0.1027
|
|
16 %
|
|
0.3322
|
|
17 %
|
Net Realized Short-
Term Capital Gains
|
|
0.0432
|
|
7 %
|
|
0.1644
|
|
8 %
|
Net Realized Long- Term
Capital Gains
|
|
0.3061
|
|
47 %
|
|
1.0857
|
|
56 %
|
Return of Capital or
Other Capital Source
|
|
0.1980
|
|
30 %
|
|
0.3667
|
|
19 %
|
Total per common
share
|
|
0.6500
|
|
100 %
|
|
1.9490
|
|
100 %
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on August 31,
2024
|
|
9.80 %
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of August 31,
2024
|
|
7.74 %
|
|
|
|
Cumulative total return
(in relation to NAV) for the fiscal year through August 31,
2024
|
|
14.87 %
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of August 31, 2024
|
|
5.80 %
|
___________________
|
1 The
Fund's current fiscal year began on January 1, 2024 and will end on
December 31, 2024.
|
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 September
2024 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund
makes fixed quarterly distributions in the amount of $0.6500 per share.
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 8:00 a.m. and 7:00 p.m., Eastern
Time.
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 Investment Management
A
company of Manulife Investment Management, we serve investors
through a unique multimanager approach, complementing our extensive
in-house capabilities with an unrivaled network of specialized
asset managers, backed by some of the most rigorous investment
oversight in the industry. The result is a diverse lineup of
time-tested investments from a premier asset manager with a
heritage of financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global brand for the global wealth and
asset management segment of Manulife Financial Corporation. We draw
on more than a century of financial stewardship and the full
resources of our parent company to serve individuals, institutions,
and retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 18 geographies. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
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SOURCE John Hancock Investment Management