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John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end fund dedicated to providing investors with unique financial opportunities. Managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, the fund seeks to deliver robust returns through a well-diversified portfolio that harnesses specialized expertise from a network of unaffiliated asset managers.
John Hancock Investments brings a heritage of financial stewardship dating back to 1862, managing over $148 billion in assets and collaborating with 27 distinct asset managers worldwide. The fund's unique multimanager approach ensures diversified investments meant to align with investor needs, utilizing the robust oversight framework of John Hancock to maintain high standards and strong risk-adjusted returns.
The fund’s strategy includes fixed quarterly distributions, currently set at $0.6500 per share, aligning with their managed distribution plan. Recent distributions for June 2023, September 2023, December 2023, March 2024, and June 2024 underline the fund's commitment to providing steady income to its shareholders. However, it's important to note that portions of these distributions may be classified as returns of capital, reflecting the fund's distribution policy rather than direct investment performance.
John Hancock Financial Opportunities Fund leverages the extensive resources and expertise of its parent company, Manulife Financial Corporation, a global leader in wealth and asset management with capabilities spanning public and private markets across 18 geographies. This partnership underscores a commitment to responsible investing, sustainable practices, and long-term financial well-being, supporting individuals, institutions, and retirement plans globally.
Investors are advised to consider the fund’s investment objectives, risks, charges, and expenses carefully before investing. With a focus on diversified, time-tested investments and a heritage of financial stewardship, John Hancock Financial Opportunities Fund stands as a premier option for those seeking dependable income and growth opportunities in the financial sector.
John Hancock Financial Opportunities Fund (NYSE: BTO) announced a quarterly distribution of $0.6500 per share, payable on June 30, 2022, to shareholders of record as of June 13, 2022. This distribution aligns with the Fund's managed distribution plan and reflects the Fund's investment performance. The breakdown of the distribution sources includes 22% from net investment income, 24% from net realized long-term capital gains, and 54% as a return of capital. The Fund has distributed more than its income and capital gains this fiscal year, indicating potential returns of capital to investors.
John Hancock Financial Opportunities Fund (NYSE: BTO) announced a quarterly distribution of $0.5500 per share for shareholders of record as of March 11, 2022. This distribution, part of the fund's managed distribution plan, will be payable on March 31, 2022. The distribution breakdown includes 37% from net investment income, 32% from net realized long-term capital gains, 1% from short-term capital gains, and 30% as a return of capital. Future distributions are set to increase to $0.6500 per share starting in June 2022.
John Hancock Financial Opportunities Fund (NYSE: BTO) announced an 18% increase in its quarterly distribution, raising it from $0.55 to $0.65 per share. This distribution is set to continue quarterly until further notice. Based on the Fund's NAV of $38.74, this translates to an annualized distribution rate of 6.71%, and 5.97% based on a closing price of $43.55 as of March 23, 2022. The distributions may include net investment income, capital gains, or return of capital, with the Fund aiming to manage distributions through long-term capital gains realization.
John Hancock Financial Opportunities Fund (NYSE: BTO) announced a quarterly distribution of $0.5500 per share, payable on December 31, 2021, to shareholders on record as of December 13, 2021. This distribution is part of the Fund's managed distribution plan. The sources for the current distribution include net investment income, net realized short- and long-term capital gains, and returns of capital. The cumulative distribution for the fiscal year is estimated at $2.1846 per share, reflecting a breakdown of 29% from net investment income, 66% from long-term capital gains, and others.
On September 30, 2021, John Hancock Financial Opportunities Fund (NYSE: BTO) reported a quarterly distribution of $0.5500 per share to shareholders on record as of September 13, 2021. This distribution falls under the Fund's managed distribution plan and comes as part of its yearly disclosure obligations. The estimated sources of this distribution include net investment income, net realized gains, and a significant portion classified as return of capital. The Fund aims to provide consistent distributions, reaffirming its commitment to shareholder returns.
The John Hancock Financial Opportunities Fund (NYSE: BTO) announced a quarterly distribution of $0.5500 per share, payable on June 30, 2021. Shareholders on record as of June 11, 2021 will receive this amount, as part of the Fund's managed distribution plan. The estimated sources of this distribution include net investment income (26%), net realized short-term capital gains (4%), and net realized long-term capital gains (70%). The Fund has demonstrated a five-year average annual total return of 15.37% as of May 31, 2021.
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