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JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

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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.

Il John Hancock Financial Opportunities Fund (NYSE: BTO) ha annunciato la distribuzione trimestrale di $0.6500 per azione, pagabile il 30 settembre 2024, per gli azionisti registrati al 13 settembre 2024. Le fonti della distribuzione includono:

  • 16% da reddito netto da investimenti
  • 7% da guadagni in conto capitale realizzati a breve termine
  • 47% da guadagni in conto capitale realizzati a lungo termine
  • 30% da restituzione di capitale o altre fonti di capitale

Il ritorno totale medio annuale del Fondo per i 5 anni terminati il 31 agosto 2024 è stato del 9,80%. Il tasso di distribuzione annualizzato attuale è 7,74% del NAV. Il Fondo stima di aver distribuito più del proprio reddito e dei guadagni in conto capitale realizzati, quindi una parte della distribuzione potrebbe essere una restituzione di capitale.

El John Hancock Financial Opportunities Fund (NYSE: BTO) anunció su distribución trimestral de $0.6500 por acción, que se pagará el 30 de septiembre de 2024, a los accionistas registrados al 13 de septiembre de 2024. Las fuentes de la distribución incluyen:

  • 16% de ingreso neto de inversiones
  • 7% de ganancias de capital a corto plazo realizadas
  • 47% de ganancias de capital a largo plazo realizadas
  • 30% de retorno de capital u otras fuentes de capital

El retorno total anual promedio del Fondo durante los 5 años que finalizaron el 31 de agosto de 2024 fue del 9.80%. La tasa de distribución anualizada actual es del 7.74% del NAV. El Fondo estima que ha distribuido más que sus ingresos y ganancias de capital realizadas, por lo que una parte de la distribución puede ser un retorno de capital.

존 핸콕 금융 기회 기금 (NYSE: BTO)이 분기 배당금 $0.6500 per share를 발표했습니다. 이 배당금은 2024년 9월 30일 지급될 예정이며, 2024년 9월 13일 기준 주주에게 지급됩니다. 배당금 출처는 다음과 같습니다:

  • 순 투자 수익의 16%
  • 단기 양도소득 세후 7%
  • 장기 양도소득 세후 47%
  • 자본 환급 또는 기타 자본 출처의 30%

기금의 평균 연간 총 수익률은 2024년 8월 31일 종료된 5년 동안 9.80%였습니다. 현재 연간화 배당률은 NAV의 7.74%입니다. 기금은 수익과 실현된 양도소득을 초과하여 분배했으므로, 분배의 일부는 자본 환급일 수 있습니다.

Le John Hancock Financial Opportunities Fund (NYSE: BTO) a annoncé sa distribution trimestrielle de $0.6500 par action, payable le 30 septembre 2024, aux actionnaires inscrits au 13 septembre 2024. Les sources de la distribution comprennent :

  • 16 % des revenus nets d'investissement
  • 7 % des gains en capital réalisés à court terme
  • 47 % des gains en capital réalisés à long terme
  • 30 % du retour de capital ou d'autres sources de capital

Le rendement total annuel moyen du Fonds pour les 5 années se terminant le 31 août 2024 était de 9,80 %. Le taux de distribution annualisé actuel est de 7,74 % du NAV. Le Fonds estime avoir distribué plus que ses revenus et gains en capital réalisés, donc une partie de la distribution pourrait être un retour de capital.

Der John Hancock Financial Opportunities Fund (NYSE: BTO) gab seine vierteljährliche Ausschüttung von $0.6500 pro Aktie bekannt, die am 30. September 2024 an Aktionäre ausgezahlt wird, die am 13. September 2024 im Aktienregister stehen. Die Quellen der Ausschüttung sind:

  • 16% aus Nettoanlageerträgen
  • 7% aus realisierten kurzfristigen Kapitalgewinnen
  • 47% aus realisierten langfristigen Kapitalgewinnen
  • 30% aus Rückzahlung von Kapital oder anderen Kapitalquellen

Die durchschnittliche jährliche Gesamtrendite des Fonds für die 5 Jahre bis zum 31. August 2024 betrug 9,80%. Der aktuelle annualisierte Ausschüttungssatz beträgt 7,74% des NAV. Der Fonds schätzt, dass er mehr ausgeschüttet hat als seine Einkünfte und realisierten Kapitalgewinne, sodass ein Teil der Ausschüttung eine Rückzahlung von Kapital sein könnte.

Positive
  • Quarterly distribution of $0.6500 per share maintained
  • 47% of distribution from net realized long-term capital gains
  • Average annual total return of 9.80% over 5 years
  • Annualized current distribution rate of 7.74% of NAV
  • Cumulative total return of 14.87% for the fiscal year through August 31, 2024
Negative
  • 30% of distribution classified as return of capital or other capital source
  • Fund estimates it has distributed more than its income and net realized capital gains

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.

Cision View original content:https://www.prnewswire.com/news-releases/john-hancock-financial-opportunities-fund---notice-to-shareholders--sources-of-distribution-under-section-19a-302263151.html

SOURCE John Hancock Investment Management

FAQ

What is the quarterly distribution amount for John Hancock Financial Opportunities Fund (BTO)?

The quarterly distribution amount for John Hancock Financial Opportunities Fund (BTO) is $0.6500 per share.

When is the distribution payable for BTO shareholders?

The distribution is payable on September 30, 2024, to shareholders of record as of September 13, 2024.

What is the average annual total return for BTO over the past 5 years?

The average annual total return for BTO over the 5 years ended August 31, 2024, was 9.80%.

What percentage of BTO's distribution is considered return of capital?

30% of the current distribution is classified as return of capital or other capital source.

What is the annualized current distribution rate for BTO as of August 31, 2024?

The annualized current distribution rate for BTO is 7.74% of NAV as of August 31, 2024.

John Hancock Financial Opportunities Fund

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