JH Financial Opportunities - BTO STOCK NEWS

John Hancock Financial Opportunities Fund (NYSE: BTO) has announced its quarterly distribution of $0.6500 per share for March 2025, payable to shareholders of record as of March 13, 2025. The distribution is part of the Fund's managed distribution plan, which maintains fixed quarterly distributions at this amount.

The Fund indicates it has distributed more than its income and net realized capital gains, suggesting a portion of the distribution may represent a return of capital. This means some investors might receive part of their original investment back rather than earnings. The exact tax implications will be detailed in Form 1099-DIV that will be sent to shareholders.

John Hancock Closed-End Funds has released earnings data for two funds for the quarter ending December 31, 2024, with comparative data from 2023. The Financial Opportunities Fund (BTO) reported net investment income of $2,032,664 ($0.103 per share) in Q4 2024, compared to $2,120,626 ($0.108 per share) in Q4 2023. BTO's NAV increased to $35.11 from $30.57, with total managed assets rising to $823,070,628 from $726,756,203.

The Hedged Equity & Income Fund (HEQ) showed improved performance with net investment income of $964,518 ($0.080 per share) in Q4 2024, up from $839,928 ($0.069 per share) in Q4 2023. HEQ's NAV slightly increased to $11.64 from $11.61, while total managed assets marginally decreased to $140,789,344 from $141,095,524.

John Hancock Financial Opportunities Fund (NYSE: BTO) has announced its quarterly distribution of $0.6500 per share for December 2024. The distribution breakdown includes: 15% from net investment income ($0.0948), 7% from short-term capital gains ($0.0480), and 78% from long-term capital gains ($0.5072). The fund's performance metrics show a 10.19% average annual return over 5 years and a 34.58% cumulative total return for the fiscal year through November 30, 2024. The current annualized distribution rate is 6.74% of NAV. The fund operates under a managed distribution plan, making fixed quarterly distributions of $0.6500 per share.

John Hancock Closed-End Funds released earnings data for the three months ended September 30, 2024, along with comparable data for the same period in 2023. The report focuses on two funds:

1. Hedged Equity & Income Fund (HEQ):
- 2024: Net Investment Income of $1,582,465, NAV of $12.32
- 2023: Net Investment Income of $1,317,214, NAV of $11.13

2. Financial Opportunities Fund (BTO):
- 2024: Net Investment Income of $2,051,601, NAV of $32.77
- 2023: Net Investment Income of $2,044,240, NAV of $24.53

Both funds showed increases in Net Investment Income and NAV compared to the previous year. The report notes that earnings refer to net investment income, comprising interest and dividend income minus expenses. Past earnings do not guarantee future results.

John Hancock Financial Opportunities Fund (NYSE: BTO) announced its quarterly distribution of $0.6500 per share, payable on September 30, 2024, to shareholders of record as of September 13, 2024. The distribution sources include:

• 16% from net investment income
• 7% from net realized short-term capital gains
• 47% from net realized long-term capital gains
• 30% from return of capital or other capital source

The Fund's average annual total return for the 5 years ended August 31, 2024, was 9.80%. The annualized current distribution rate is 7.74% of NAV. The Fund estimates it has distributed more than its income and net realized capital gains, so a portion of the distribution may be a return of capital.

John Hancock Closed-End Funds released earnings data for the three months ended June 30, 2024, alongside comparative data for the same period in 2023. The report focuses on two funds: Hedged Equity & Income Fund (HEQ) and Financial Opportunities Fund (BTO).

Key highlights for BTO:

• Net Investment Income: $2,348,212 (2024) vs $2,621,640 (2023)
• Per Common Share: $0.119 (2024) vs $0.134 (2023)
• NAV: $28.49 (2024) vs $24.40 (2023)
• Total Managed Assets: $691,776,817 (2024) vs $602,520,950 (2023)
• Total Net Assets: $561,776,817 (2024) vs $477,520,950 (2023)

The data shows a year-over-year increase in NAV and total managed assets for BTO, despite a slight decrease in net investment income.

John Hancock Financial Opportunities Fund (NYSE: BTO) announced the sources of its quarterly distribution of $0.6500 per share, payable on June 28, 2024. Shareholders of record as of June 13, 2024, are eligible for this distribution. The distribution is broken down as follows: 19% from net investment income, 16% from net realized short-term capital gains, 54% from net realized long-term capital gains, and 11% from return of capital. The fund's average annual total return over the last five years is 6.39%, while the fiscal year-to-date return is -3.64%. The annualized distribution rate as of May 31, 2024, is 9.02% of NAV. The fund has distributed more than its income and capital gains, indicating that part of the distribution may be a return of capital.

John Hancock Closed-End Funds have released their earnings data for the three months ended March 31, 2024, compared to the same period in 2023. The Financial Opportunities Fund (BTO) showed an increase in net investment income and NAV, with total managed assets also rising. The Hedged Equity & Income Fund (HEQ) saw a slight decrease in net investment income but an increase in NAV and total managed assets.

John Hancock Financial Opportunities Fund (BTO) announced a quarterly distribution of $0.6500 per share to shareholders. The distribution sources include net investment income, net realized short and long-term capital gains, and return of capital. The average annual total return for the past 5 years was 3.91%, with a current distribution rate of 9.09% of NAV. However, the cumulative total return for the fiscal year through February 29, 2024, was -6.41%.