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JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

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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.

I fondi chiusi John Hancock hanno pubblicato i dati sugli utili per i tre mesi terminati il 30 settembre 2024, insieme a dati comparabili per lo stesso periodo del 2023. Il report si concentra su due fondi:

1. Hedged Equity & Income Fund (HEQ):
- 2024: Reddito da Investimento Netto di $1.582.465, NAV di $12,32
- 2023: Reddito da Investimento Netto di $1.317.214, NAV di $11,13

2. Financial Opportunities Fund (BTO):
- 2024: Reddito da Investimento Netto di $2.051.601, NAV di $32,77
- 2023: Reddito da Investimento Netto di $2.044.240, NAV di $24,53

Entrambi i fondi hanno mostrato aumenti nel Reddito da Investimento Netto e nel NAV rispetto all'anno precedente. Il report sottolinea che gli utili si riferiscono al reddito netto da investimenti, che comprende interessi e proventi da dividendi meno le spese. Gli utili passati non garantiscono risultati futuri.

Los fondos cerrados de John Hancock publicaron datos de ganancias para los tres meses finalizados el 30 de septiembre de 2024, junto con datos comparables para el mismo período en 2023. El informe se centra en dos fondos:

1. Hedged Equity & Income Fund (HEQ):
- 2024: Ingreso Neto por Inversión de $1,582,465, NAV de $12.32
- 2023: Ingreso Neto por Inversión de $1,317,214, NAV de $11.13

2. Financial Opportunities Fund (BTO):
- 2024: Ingreso Neto por Inversión de $2,051,601, NAV de $32.77
- 2023: Ingreso Neto por Inversión de $2,044,240, NAV de $24.53

Ambos fondos mostraron aumentos en el Ingreso Neto por Inversión y en el NAV en comparación con el año anterior. El informe señala que las ganancias se refieren al ingreso neto por inversiones, que comprende intereses y dividendos menos los gastos. Las ganancias pasadas no garantizan resultados futuros.

존 핸콕의 폐쇄형 펀드는 2024년 9월 30일 종료된 3개월 동안의 수익 데이터와 2023년 동일 기간의 비교 데이터를 발표했습니다. 이 보고서는 두 개의 펀드에 초점을 맞추고 있습니다:

1. 헤지드 에쿼티 & 인컴 펀드 (HEQ):
- 2024: 순투자소득 $1,582,465, NAV $12.32
- 2023: 순투자소득 $1,317,214, NAV $11.13

2. 재정 기회 펀드 (BTO):
- 2024: 순투자소득 $2,051,601, NAV $32.77
- 2023: 순투자소득 $2,044,240, NAV $24.53

두 펀드 모두 전년 대비 순투자 소득과 NAV가 증가했습니다. 이 보고서는 수익이 순투자 소득을 의미하며, 이는 이자 및 배당 소득에서 비용을 뺀 것이라고 언급합니다. 과거의 수익은 미래 결과를 보장하지 않습니다.

Les fonds fermés John Hancock ont publié des données sur les bénéfices pour les trois mois se terminant le 30 septembre 2024, ainsi que des données comparables pour la même période en 2023. Le rapport se concentre sur deux fonds :

1. Hedged Equity & Income Fund (HEQ):
- 2024 : Revenu d’investissement net de 1 582 465 $, NAV de 12,32 $
- 2023 : Revenu d’investissement net de 1 317 214 $, NAV de 11,13 $

2. Financial Opportunities Fund (BTO):
- 2024 : Revenu d’investissement net de 2 051 601 $, NAV de 32,77 $
- 2023 : Revenu d’investissement net de 2 044 240 $, NAV de 24,53 $

Les deux fonds ont enregistré des augmentations du revenu d’investissement net et du NAV par rapport à l'année précédente. Le rapport souligne que les bénéfices se réfèrent au revenu net d'investissement, comprenant les intérêts et les dividendes moins les dépenses. Les bénéfices passés ne garantissent pas les résultats futurs.

Die John Hancock Closed-End Funds haben die Ergebnisdaten für die drei Monate bis zum 30. September 2024 veröffentlicht, zusammen mit vergleichbaren Daten für denselben Zeitraum im Jahr 2023. Der Bericht konzentriert sich auf zwei Fonds:

1. Hedged Equity & Income Fund (HEQ):
- 2024: Nettokapitalerträge von $1.582.465, NAV von $12,32
- 2023: Nettokapitalerträge von $1.317.214, NAV von $11,13

2. Financial Opportunities Fund (BTO):
- 2024: Nettokapitalerträge von $2.051.601, NAV von $32,77
- 2023: Nettokapitalerträge von $2.044.240, NAV von $24,53

Beide Fonds zeigten im Vergleich zum Vorjahr einen Anstieg der Nettokapitalerträge und des NAV. Der Bericht weist darauf hin, dass die Erträge sich auf die Nettokapitalerträge beziehen, die sich aus Zinsen und Dividenden abzüglich der Ausgaben zusammensetzen. Vergangene Erträge garantieren keine zukünftigen Ergebnisse.

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BOSTON, Oct. 17, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended September 30, 2024. The same data for the comparable three-month period ended September 30, 2023 is also available below.

Three Months Ended 09/30/24

Ticker

Fund Name

Current Fiscal Year End

Net Investment Income

Per Common Share

NAV

Total Managed Assets


Total Net Assets

HEQ

Hedged Equity & Income Fund

12/31

$1,582,465

$0.131

$12.32

$149,051,165


$149,051,165

BTO

Financial Opportunities Fund

 12/31

$2,051,601

$0.104

$32.77

$776,103,091

*

$646,103,091










Three Months Ended 09/30/23

Ticker

Fund Name

Current Fiscal Year End

Net Investment Income

Per Common Share

NAV

Total Managed Assets


Total Net Assets

HEQ

Hedged Equity & Income Fund

12/31

$1,317,214

$0.108

$11.13

$136,251,558


$136,251,558

BTO

Financial Opportunities Fund

 12/31

$2,044,240

$0.104

$24.53

$607,094,881

*

$482,094,881










*Total managed assets include assets attributable to borrowings under a Liquidity Agreement.

 

Earnings refer to net investment income, which is comprised of the Fund's interest and dividend income, less expenses. Earnings presented represent past earnings and there is no guarantee of future results.

Amounts distributed by the Funds may vary from the earnings shown above and will be announced in separate press releases. Up-to-date distribution rate information is available on John Hancock Investment Management's web site at www.jhinvestments.com  by clicking on "Closed-End Funds" under the "Daily Prices" tab.

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 manulifeim.com.

Cision View original content:https://www.prnewswire.com/news-releases/john-hancock-closed-end-funds-release-earnings-data-302279771.html

SOURCE John Hancock Investment Management

FAQ

What was BTO's Net Investment Income for Q3 2024?

The Financial Opportunities Fund (BTO) reported a Net Investment Income of $2,051,601 for the three months ended September 30, 2024.

How did BTO's NAV change from Q3 2023 to Q3 2024?

BTO's Net Asset Value (NAV) increased from $24.53 in Q3 2023 to $32.77 in Q3 2024, showing significant growth.

What was the per common share earnings for BTO in Q3 2024?

The Financial Opportunities Fund (BTO) reported earnings of $0.104 per common share for the three months ended September 30, 2024.

How did BTO's Total Managed Assets change year-over-year?

BTO's Total Managed Assets increased from $607,094,881 in Q3 2023 to $776,103,091 in Q3 2024, showing substantial growth.

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