JOHN HANCOCK HEDGED EQUITY & INCOME FUND REQUIRED NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
John Hancock Hedged Equity & Income Fund (NYSE: HEQ) has announced the sources of its $0.2500 per share quarterly distribution, payable on June 28, 2024. The distribution comprises 75% net investment income, 3% net realized short-term capital gains, and 22% net realized long-term capital gains. The fund has declared this distribution under its managed distribution plan. For the fiscal year-to-date, total cumulative distributions reached $0.5010 per share, including 62% from net investment income and 36% from short-term capital gains. The distribution rate stands at 8.33% of NAV as of May 31, 2024. Investors are reminded that the reported sources are estimates and not for tax purposes.
- Distribution of $0.2500 per share declared.
- 75% of the distribution is from net investment income.
- Distribution rate of 8.33% of NAV as of May 31, 2024.
- 22% of the distribution is from realized long-term capital gains.
John Hancock Hedged Equity & Income Fund
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock Hedged Equity & Income Fund (NYSE: HEQ) with important information concerning the distribution declared on June 3, 2024, and payable on June 28, 2024. No action is required on your part.
Distribution Period: | June 2024 |
Distribution Amount Per Common Share: |
The following table sets forth the estimated sources of the current distribution, payable June 28, 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 04/1/2024-06/30/2024
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For the fiscal year-to-date period
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Source | Current | % Breakdown | Total Cumulative | % Breakdown | ||||
Net Investment Income | 0.1877 | 75 % | 0.3127 | 62 % | ||||
Net Realized Short- Term Capital Gains | 0.0075 | 3 % | 0.1800 | 36 % | ||||
Net Realized Long- Term Capital Gains | 0.0548 | 22 % | 0.0083 | 2 % | ||||
Return of Capital or Other Capital Source | 0.0000 | 0 % | 0.0000 | 0 % | ||||
Total per common share | 0.2500 | 100 % | 0.5010 | 100 % | ||||
_______________________ | ||||||||
Average annual total return (in relation to NAV) for the 5 years ended on May 31, 2024 | 6.49 % | |||||||
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2024 | 8.33 % | |||||||
Cumulative total return (in relation to NAV) for the fiscal year through May 31, 2024 | 5.82 % | |||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 2024 | 4.17 % |
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 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 June 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
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.
Wellington Management Company LLP is an independent and unaffiliated investment subadviser to John Hancock Hedged Equity & Income Fund.
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
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SOURCE John Hancock Investment Management
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