JOHN HANCOCK HEDGED EQUITY & INCOME FUND REQUIRED NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) announced its quarterly distribution of $0.2900 per share, payable on March 31, 2023, to shareholders recorded as of March 13, 2023. This distribution is part of the Fund's managed distribution plan. The sources of the distribution include net investment income (48%), net realized long-term capital gains (21%), net realized short-term capital gains (1%), and return of capital (30%). Additionally, the average annual total return over the past five years is 2.31%, with a current distribution rate of 9.84%.
- Quarterly distribution of $0.2900 per share shows consistent payout strategy.
- Managed distribution plan continues to provide reliable income for investors.
- Average annual total return of 2.31% over five years indicates stable performance.
- Annualized distribution rate of 9.84% reflects strong yield potential.
- None.
Notification of Sources of Distribution
This notice provides shareholders of the
Distribution Period:
Distribution Amount Per Common Share:
The following table sets forth the estimated sources of the current distribution, payable
For the period | For the fiscal year-to-date period | |||||||
Source | Current | % Breakdown | Total Cumulative | % Breakdown | ||||
Net Investment Income | 0.1379 | 48 % | 0.1379 | 48 % | ||||
Net Realized Short- Term Capital Gains | 0.0045 | 1 % | 0.0045 | 1 % | ||||
Net Realized Long- Term Capital Gains | 0.0598 | 21 % | 0.0598 | 21 % | ||||
Return of Capital or Other Capital Source | 0.0878 | 30 % | 0.0878 | 30 % | ||||
Total per common share | 0.2900 | 100 % | 0.2900 | 100 % | ||||
Average annual total return (in relation to NAV) for the 5 years ended on | 2.31 % | |||||||
Annualized current distribution rate expressed as a percentage of NAV as of | 9.84 % | |||||||
Cumulative total return (in relation to NAV) for the fiscal year through | 0.43 % | |||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | 2.46 % |
|
1 The Fund's current fiscal year began on |
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
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
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.
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.
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SOURCE John Hancock Investment Management
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