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JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

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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.
I fondi chiusi di John Hancock hanno pubblicato i dati sui guadagni per i tre mesi conclusi il 31 marzo 2024, rispetto allo stesso periodo del 2023. Il Financial Opportunities Fund (BTO) ha registrato un aumento del reddito netto da investimenti e del NAV, con un incremento anche degli asset gestiti totali. Il Hedged Equity & Income Fund (HEQ) ha invece mostrato una leggera diminuzione del reddito netto da investimenti, ma un aumento del NAV e degli asset gestiti totali.
Los fondos de inversión cerrados de John Hancock han liberado sus datos de ganancias para los tres meses finalizados el 31 de marzo de 2024, en comparación con el mismo período en 2023. El Fondo de Oportunidades Financieras (BTO) mostró un aumento en los ingresos netos de inversiones y el NAV, con un aumento también en los activos totales gestionados. El Fondo de Equidad y Rentas Coberturas (HEQ) experimentó una ligera disminución en los ingresos netos de inversiones pero un aumento en el NAV y en los activos totales gestionados.
John Hancock 폐쇄형 펀드는 2024년 3월 31일로 끝나는 3개월 동안의 수익 데이터를 2023년 같은 기간과 비교하여 발표했습니다. Financial Opportunities Fund (BTO)는 순 투자 소득과 NAV가 증가했으며, 총 관리 자산도 상승했습니다. Hedged Equity & Income Fund (HEQ)는 순 투자 소득에서는 약간 감소했지만 NAV와 총 관리 자산은 증가했습니다.
Les fonds à capital fixe de John Hancock ont publié leurs données de revenus pour les trois mois se terminant le 31 mars 2024, par rapport à la même période en 2023. Le fonds des opportunités financières (BTO) a montré une augmentation du revenu net d'investissement et du NAV, avec également une hausse des actifs gérés totaux. Le fonds d'équité protégée et de revenu (HEQ) a observé une légère baisse du revenu net d'investissement, mais une augmentation du NAV et des actifs gérés totaux.
Die geschlossenen Fonds von John Hancock haben ihre Einkommensdaten für die drei Monate bis zum 31. März 2024 im Vergleich zum gleichen Zeitraum im Jahr 2023 veröffentlicht. Der Financial Opportunities Fund (BTO) verzeichnete eine Zunahme beim Netto-Investitionseinkommen und beim NAV, wobei auch die insgesamt verwalteten Vermögenswerte stiegen. Der Hedged Equity & Income Fund (HEQ) erfuhr einen leichten Rückgang beim Netto-Investitionseinkommen, jedoch einen Anstieg beim NAV und den insgesamt verwalteten Vermögenswerten.
Positive
  • Financial Opportunities Fund (BTO) reported a rise in net investment income from $1,796,696 in 2023 to $2,082,292 in 2024.
  • NAV for Financial Opportunities Fund (BTO) increased from $26.36 in 2023 to $29.34 in 2024.
  • Total managed assets for Financial Opportunities Fund (BTO) grew from $634,303,144 in 2023 to $702,658,627 in 2024.
  • Net investment income for Hedged Equity & Income Fund (HEQ) decreased slightly from $1,604,311 in 2023 to $1,508,962 in 2024.
  • NAV for Hedged Equity & Income Fund (HEQ) rose from $11.50 in 2023 to $11.85 in 2024.
  • Total managed assets for Hedged Equity & Income Fund (HEQ) increased from $140,630,870 in 2023 to $144,019,870 in 2024.
Negative
  • None.

BOSTON, April 22, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended March 31, 2024. The same data for the comparable three-month period ended March 31, 2023 is also available below.

Three Months Ended 03/31/24

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

$1,508,962

$0.124

$11.85

$144,019,870


$144,019,870

BTO

Financial Opportunities Fund

 12/31

$2,082,292

$0.106

$29.34

$702,658,627

*

$577,658,627










Three Months Ended 03/31/23

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

$1,604,311

$0.131

$11.50

$140,630,870


$140,630,870

BTO

Financial Opportunities Fund

 12/31

$1,796,696

$0.093

$26.36

$634,303,144

*

$509,303,144










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

 

1 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-302123738.html

SOURCE John Hancock Investment Management

FAQ

What are the earnings data released by the John Hancock Closed-End Funds for the three months ended March 31, 2024?

The earnings data for the three months ended March 31, 2024, include net investment income and NAV for the Financial Opportunities Fund (BTO) and the Hedged Equity & Income Fund (HEQ).

How did the net investment income for the Financial Opportunities Fund (BTO) change from 2023 to 2024?

The net investment income for the Financial Opportunities Fund (BTO) increased from $1,796,696 in 2023 to $2,082,292 in 2024.

What was the NAV for the Financial Opportunities Fund (BTO) in 2024?

The NAV for the Financial Opportunities Fund (BTO) was $29.34 in 2024.

What happened to the total managed assets for the Financial Opportunities Fund (BTO) from 2023 to 2024?

The total managed assets for the Financial Opportunities Fund (BTO) grew from $634,303,144 in 2023 to $702,658,627 in 2024.

How did the net investment income for the Hedged Equity & Income Fund (HEQ) change from 2023 to 2024?

The net investment income for the Hedged Equity & Income Fund (HEQ) decreased slightly from $1,604,311 in 2023 to $1,508,962 in 2024.

What was the NAV for the Hedged Equity & Income Fund (HEQ) in 2024?

The NAV for the Hedged Equity & Income Fund (HEQ) was $11.85 in 2024.

What was the total managed assets for the Hedged Equity & Income Fund (HEQ) in 2024?

The total managed assets for the Hedged Equity & Income Fund (HEQ) increased from $140,630,870 in 2023 to $144,019,870 in 2024.

JOHN HANCOCK HEDGED EQUITY & INCOME FUND

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