JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
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.
Il John Hancock Financial Opportunities Fund (NYSE: BTO) ha annunciato la sua distribuzione trimestrale di $0,6500 per azione per marzo 2025, pagabile agli azionisti registrati al 13 marzo 2025. La distribuzione fa parte del piano di distribuzione gestito del Fondo, che mantiene distribuzioni fisse trimestrali a questo importo.
Il Fondo indica di aver distribuito più del proprio reddito e dei guadagni in conto capitale netti realizzati, suggerendo che una parte della distribuzione potrebbe rappresentare un rimborso di capitale. Ciò significa che alcuni investitori potrebbero ricevere indietro parte del loro investimento originale piuttosto che guadagni. Le esatte implicazioni fiscali saranno dettagliate nel Modulo 1099-DIV che sarà inviato agli azionisti.
El John Hancock Financial Opportunities Fund (NYSE: BTO) ha anunciado su distribución trimestral de $0.6500 por acción para marzo de 2025, pagadera a los accionistas registrados al 13 de marzo de 2025. La distribución es parte del plan de distribución gestionado del Fondo, que mantiene distribuciones fijas trimestrales en este monto.
El Fondo indica que ha distribuido más de sus ingresos y ganancias de capital netas realizadas, lo que sugiere que una parte de la distribución podría representar un reembolso de capital. Esto significa que algunos inversores podrían recibir de vuelta parte de su inversión original en lugar de ganancias. Las implicaciones fiscales exactas se detallarán en el Formulario 1099-DIV que se enviará a los accionistas.
존 핸콕 금융 기회 펀드 (NYSE: BTO)는 2025년 3월에 대해 주당 $0.6500의 분배를 발표했으며, 2025년 3월 13일 기준의 주주에게 지급됩니다. 이 분배는 펀드의 관리 분배 계획의 일환으로, 이 금액에서 고정 분배를 유지합니다.
펀드는 수익과 순 실현 자본 이익보다 더 많은 분배를 했다고 밝혔으며, 이는 분배의 일부가 자본 환급을 나타낼 수 있음을 시사합니다. 이는 일부 투자자가 수익 대신 원래 투자금의 일부를 돌려받을 수 있음을 의미합니다. 정확한 세금 관련 사항은 주주에게 발송될 1099-DIV 양식에 자세히 설명될 것입니다.
Le John Hancock Financial Opportunities Fund (NYSE: BTO) a annoncé sa distribution trimestrielle de 0,6500 $ par action pour mars 2025, payable aux actionnaires inscrits au 13 mars 2025. La distribution fait partie du plan de distribution géré du Fonds, qui maintient des distributions trimestrielles fixes à ce montant.
Le Fonds indique avoir distribué plus que ses revenus et ses gains en capital nets réalisés, ce qui suggère qu'une partie de la distribution pourrait représenter un remboursement de capital. Cela signifie que certains investisseurs pourraient recevoir une partie de leur investissement initial plutôt que des bénéfices. Les implications fiscales exactes seront détaillées dans le formulaire 1099-DIV qui sera envoyé aux actionnaires.
Der John Hancock Financial Opportunities Fund (NYSE: BTO) hat seine vierteljährliche Ausschüttung von 0,6500 $ pro Aktie für März 2025 angekündigt, zahlbar an die Aktionäre, die am 13. März 2025 im Register stehen. Die Ausschüttung ist Teil des verwalteten Ausschüttungsplans des Fonds, der feste vierteljährliche Ausschüttungen in dieser Höhe aufrechterhält.
Der Fonds gibt an, mehr ausgeschüttet zu haben als sein Einkommen und die realisierten Nettokapitalgewinne, was darauf hindeutet, dass ein Teil der Ausschüttung einen Kapitalrückfluss darstellen könnte. Das bedeutet, dass einige Anleger einen Teil ihrer ursprünglichen Investition zurückerhalten könnten, anstatt Gewinne zu erzielen. Die genauen steuerlichen Auswirkungen werden im Formular 1099-DIV detailliert, das an die Aktionäre gesendet wird.
- Maintaining consistent quarterly distribution of $0.6500 per share
- Fund is distributing more than its income and realized capital gains, indicating potential unsustainable distribution levels
- Return of capital in distribution suggests the fund may not be generating sufficient income to cover its payments
Insights
This standard Section 19(a) notice from John Hancock Financial Opportunities Fund (BTO) provides important context about the fund's quarterly distribution of
Return of capital isn't inherently negative, but it does require investor attention. Unlike dividends from earnings, return of capital reduces your cost basis in the fund, effectively returning a portion of your original investment. While this creates tax efficiency in the short term (not immediately taxable), it can increase capital gains tax liability when shares are eventually sold.
This distribution aligns with BTO's managed distribution plan, which commits to consistent
The notification doesn't specify what percentage of the distribution represents return of capital versus actual income, making it difficult to assess the magnitude. This is a routine SEC-required disclosure rather than a special announcement, and doesn't necessarily indicate performance problems with the fund's financial sector holdings.
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 March 3, 2025, and payable on March 31, 2025. No action is required on your part.
Distribution Period: March 2025
Distribution Amount Per Common Share:
The following table sets forth the estimated sources of the current distribution, payable March 31, 2025, 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 01/01/2025-03/31/2025
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For the fiscal year-to-date period
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Source | Current | % Breakdown | Total Cumulative | % Breakdown | ||||
Net Investment Income | 0.1020 | 16 % | 0.1020 | 16 % | ||||
Net Realized Short- Term Capital Gains | 0.0350 | 5 % | 0.0350 | 5 % | ||||
Net Realized Long- Term Capital Gains | 0.3363 | 52 % | 0.3363 | 52 % | ||||
Return of Capital or Other Capital Source | 0.1767 | 27 % | 0.1767 | 27 % | ||||
Total per common share | 0.6500 | 100 % | 0.6500 | 100 % | ||||
Average annual total return (in relation to NAV) for the 5 years ended on February 28, 2025 | 13.03 % | |||||||
Annualized current distribution rate expressed as a percentage of NAV as of February 28, 2025 | 7.24 % | |||||||
Cumulative total return (in relation to NAV) for the fiscal year through February 28, 2025 | 2.31 % | |||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 28, 2025 | 1.81 % | |||||||
___________________________ | |
1 The Fund's current fiscal year began on January 1, 2025 and will end on December 31, 2025. |
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 March 2025 distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes fixed quarterly distributions in the amount of
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
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
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SOURCE John Hancock Investment Management
FAQ
What is the March 2025 quarterly distribution amount for John Hancock Financial Opportunities Fund (BTO)?
Why is BTO's distribution considered a return of capital?
How often does BTO pay distributions under its managed distribution plan?
How will BTO shareholders receive tax information about these distributions?
