John Hancock Hedged Equity & Income Fund Required Notice To Shareholders -
Sources Of Distribution Under Section 19(a)
BOSTON, June 28, 2013
BOSTON, June 28, 2013 /PRNewswire/ -- John Hancock Hedged Equity & Income Fund
(NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Advisers,
LLC (the "Adviser"), and subadvised by Wellington Management Company, LLP (the
"Subadviser"), announced today sources of its quarterly distribution of
$0.3230 per share payable today to all shareholders of record as of June 13,
2013. This press release is issued as required by an exemptive order granted
to the Fund by the U.S. Securities and Exchange Commission.
This notice provides shareholders of the John Hancock Hedged Equity & Income
Fund (NYSE: HEQ) with important information concerning the distribution
declared on June 3, 2013 and payable on June 28, 2013. No action is required
on your part.
Distribution Period:June 2013
Distribution Amount Per Common Share:$0.3230
The following table sets forth the estimated sources of the current
distribution, payable June 28, 2013, and the cumulative distributions paid
this fiscal year to date from the following sources: net investment income;
net realized short term capital gains; net realized long term capital gains;
and return of capital or other capital source. All amounts are expressed on a
per common share basis and as a percentage of the distribution amount.
Total % Breakdown
% Breakdown Cumulative of the Total
Current of the Distributions Cumulative
Source Distribution Current for Distributions
($) Distribution the Fiscal for the Fiscal
Year to Year to
Date ($) Date
Net Investment 0.0402 12% 0.0688 11%
Short Term 0.0000 0% 0.0000 0%
Long Term 0.0000 0% 0.0000 0%
Capital or Other 0.2828 88% 0.5772
Capital Source 89%
Total per common 0.3230 100% 0.6460 100%
Average annual total return (in relation to NAV) for the 6.99%
period commencing on May 26, 2011 and ending on May 31, 2013
Annualized current distribution rate expressed as a percentage 6.80%
of NAV as of May 31, 2013
Cumulative total return (in relation to NAV) for the fiscal 10.35%
year through May 31, 2013
Cumulative fiscal year to date distribution rate expressed as 3.40%
a percentage of NAV as of May 31, 2013
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
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 this distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the amended Plan, the Fund will make a
quarterly distribution 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
If you have questions or need additional information, please contact your
financial professional or call the John Hancock Funds 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 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.
Wellington Management Company, LLP is an independent and unaffiliated
investment sub-adviser to John Hancock Hedged Equity & Income Fund.
About John Hancock Mutual Funds
The Boston-based mutual fund business unit of John Hancock Financial, John
Hancock Mutual Funds, managed more than $91 billion in open-end funds,
closed-end funds, college savings plans, retirement plans, and related party
assets for individual and institutional investors as of March 31, 2013.
About John Hancock Financial Services, Inc. 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 $555 billion (US$547 billion) as of 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 online at manulife.com.
The John Hancock unit, through its insurance companies, is 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 johnhancock.com.
 The Fund's current fiscal year began on January 1, 2013, and will end on
December 31, 2013.
SOURCE John Hancock Funds
Contact: Media Contact: Ed Powers, (617) 663-4223, or Investor Contact: (800)
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