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John Hancock Closed-End Funds Declare Quarterly Distributions



        John Hancock Closed-End Funds Declare Quarterly Distributions

PR Newswire

BOSTON, June 3, 2013

BOSTON, June 3, 2013 /PRNewswire/ -- The five John Hancock closed-end funds
listed below declared their quarterly distributions today as follows:

 

Declaration Date: June 3, 2013
Ex Date:          June 11, 2013
Record Date:      June 13, 2013
Payment Date:     June 28, 2013

 

                                         Change
                                         From         Market    Annualized
Ticker Fund Name            Distribution Distribution Price     Current
                            Per Share    Paid In      as of     Distribution
                                         Previous     5/31/2013 Rate at Market
                                         Quarter
BTO    Financial            $0.2961      -            $21.53    5.50%
       Opportunities Fund
HEQ    Hedged Equity &      $0.3230      -            $16.96    7.62%
       Income Fund
JHI    Investors Trust      $0.4136      -$0.0072     $21.26    7.78%
JHS    Income Securities    $0.2591      $0.0293      $16.50    6.28%
       Trust
       Tax-Advantaged
HTY    Global Shareholder   $0.3200      -            $12.75    10.04%
       Yield Fund

 

John Hancock Financial Opportunities Fund
Financial Opportunities Fund (the "Fund") declared its quarterly distribution
pursuant to the Fund's managed distribution plan (the "BTO Plan"). Under the
BTO Plan, the Fund makes quarterly distributions of an amount equal to $0.2961
per share, based upon an annual distribution rate of 6.50% of the Fund's NAV
of $18.22 on July 31, 2012 (representing a quarterly distribution rate of
1.625% of the Fund's July 31, 2012 NAV). This amount will be paid quarterly
until further notice.

Distributions under the BTO Plan may consist of net investment income, net
realized long-term capital gains, net realized short-term capital gains and,
to the extent necessary, return of capital. The BTO Plan intends to fund each
distribution, to the extent possible, in a tax-advantaged manner through the
realization of long-term capital gains where the distribution amount exceeds
net investment income. The Fund will seek to realize capital gains for this
purpose in a manner which the Adviser and Subadviser believe is consistent
with prudent portfolio management and the investment objective, policies and
restrictions of the Fund.

The Fund may also make additional distributions (i) for purposes of avoiding
federal income tax on the Fund of investment company taxable income and net
capital gain, if any, not included in such regular distributions and (ii) for
purposes of avoiding federal excise tax of ordinary income and capital gain
net income, if any, not included in such regular quarterly distributions. The
Board may amend the terms of the BTO Plan or terminate the BTO Plan at any
time.

John Hancock Hedged Equity & Income Fund
Hedged Equity & Income Fund (the "Fund") declared its quarterly distribution
pursuant to the Fund's managed distribution plan (the "HEQ Plan").  Under the
HEQ Plan, the Fund makes quarterly distributions of an amount equal to $0.3230
per share, based upon an annual distribution rate of 7.25% of the Fund's net
asset value ("NAV") of $17.82 on July 31, 2012 (representing a quarterly
distribution rate of 1.8125% of the Fund's July 31, 2012 NAV). The amount will
be paid quarterly until further notice.

The Fund may also make additional distributions (i) for purposes of avoiding
federal income tax on the Fund of investment company taxable income and net
capital gain, if any, not included in such regular distributions and (ii) for
purposes of avoiding federal excise tax of ordinary income and capital gain
net income, if any, not included in such regular quarterly distributions.  The
Board may amend the terms of the HEQ Plan or terminate the HEQ Plan at any
time.

*****

A portion of a Fund's current distribution may include sources other than net
investment income, including a return of capital. Investors should understand
that a return of capital is not a distribution from income or gains of a Fund.
As required under the Investment Company Act of 1940, a notice with the
estimated components of the distribution will be mailed to shareholders at the
time of payment if it does not consist solely of net investment income. At
this time, one or more of the Funds anticipates that the notice accompanying
the current distribution will include an estimate of return of capital. Such
notice will also be posted to the Funds' website at www.jhfunds.com. The
notice should not be used to prepare tax returns as the estimates indicated in
the notice may differ from the ultimate federal income tax characterization of
distributions. After the end of each calendar year, investors will be sent a
Form 1099-DIV informing them how to report distributions received during that
year for federal income tax purposes.

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 Funds
The Boston-based mutual fund business unit of John Hancock Financial, John
Hancock Funds, manages more than $91billion in open-end funds, closed-end
funds, college savings assets, retirement plans and related party assets for
individual and institutional investors at March 31, 2013.

About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a division of Manulife Financial, a leading
Canada-based financial services group with principal operations in Asia,
Canada and the United States. Operating as Manulife Financial in Canada and
Asia, and primarily as John Hancock in the United States, the Company offers
clients a diverse range of financial protection products and wealth management
services through its extensive network of employees, agents and distribution
partners. Funds under management by Manulife Financial and its subsidiaries
were Cdn$555 billion (US$547 billion) at March 31, 2013.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '945' on the SEHK. Manulife Financial can be found on the Internet at
www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the
largest life insurers in the United States. John Hancock offers a broad range
of financial products and services, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, long-term care insurance, college
savings, and other forms of business insurance. Additional information about
John Hancock may be found at www.johnhancock.com.

 

SOURCE John Hancock Funds

Website: http://www.johnhancock.com
Contact: Media Contact: Ed Powers, (617) 663-4223; Investor Contact: (800)
225-6020
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