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John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end management investment company with a focus on providing total return through current income and gains, along with long-term capital appreciation. Managed by John Hancock Investment Management LLC and subadvised by Wellington Management Company LLP, the fund leverages a diversified investment strategy across various sectors including financials, consumer discretionary, information technology, energy, healthcare, materials, real estate, consumer staples, and short-term investments.
The fund's unique approach to asset management, combining in-house expertise with a network of specialized unaffiliated asset managers, aims to deliver strong risk-adjusted returns. The fund prioritizes rigorous investment oversight to ensure adherence to high standards and consistent performance.
John Hancock Hedged Equity & Income Fund is notable for its managed distribution plan, providing fixed quarterly distributions. Recently, the fund announced a quarterly distribution of $0.2500 per share, reflecting a strategic adjustment in its distribution plan to sustain its long-term investment objectives. The fund's investment approach allows it to draw from net investment income, realized short-term and long-term capital gains, and return of capital to support these distributions.
As part of the broader John Hancock Investments and Manulife Investment Management family, the fund benefits from over a century of financial stewardship. The parent company’s extensive resources, coupled with a global presence across 18 geographies, enhance the fund's operational capabilities. Commitment to responsible investing is a cornerstone of their strategy, fostering sustainable financial well-being for investors.
The fund's latest financial updates include quarterly distributions, strategic adjustments to its managed distribution plan, and ongoing efforts to align investment performance with shareholder expectations. Investors are encouraged to monitor these updates closely for insights into fund performance and strategic decisions.
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%.
On December 30, 2022, John Hancock Hedged Equity & Income Fund (NYSE: HEQ) distributed $0.2900 per share to shareholders on record as of December 12, 2022. This distribution is part of the Fund's managed distribution plan and follows a declaration made on December 1, 2022. The current distribution includes sources such as net investment income (26%) and a significant return of capital (74%). For fiscal year 2022, the Fund has distributed more than its income and realized gains. The annualized current distribution rate is 9.47% based on the NAV as of November 30, 2022.
On September 30, 2022, the John Hancock Hedged Equity & Income Fund (NYSE: HEQ) announced a quarterly distribution of $0.2900 per share, payable to shareholders of record as of September 12, 2022. This distribution is part of the Fund's managed distribution plan, which ensures fixed quarterly payments. The distribution comprises 50% net investment income, 0% net realized capital gains, and 50% return of capital. Shareholders should note that some distributions may represent a return of their invested capital, rather than purely investment performance.
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