BOSTON, Sept. 1,
2023 /PRNewswire/ - The John Hancock closed-end
funds listed below declared their quarterly distributions today as
follows:
Declaration
Date:
|
September 1,
2023
|
Ex Date:
|
September 8,
2023
|
Record Date:
|
September 11,
2023
|
Payment
Date:
|
September 29,
2023
|
Ticker
|
Fund Name
|
Distribution Per
Share
|
Change From
Previous
Distribution
|
Market Price as of
08/31/2023
|
Annualized Current
Distribution Rate at
Market
|
|
JHS
|
Income Securities
Trust
|
$0.0868
|
-0.0122
|
$10.78
|
3.22 %
|
|
JHI
|
Investors
Trust
|
$0.2084
|
-0.0068
|
$12.80
|
6.51 %
|
|
HTY
|
Tax-Advantaged
Global
Shareholder Yield Fund
|
$0.1600
|
-
|
$4.73
|
13.53 %
|
|
BTO
|
Financial Opportunities
Fund
|
$0.6500
|
-
|
$26.96
|
9.64 %
|
|
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 in a fixed amount of $0.6500 per share, which 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 advisor and subadvisor
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 not incurring federal income tax on investment company taxable
income and net capital gain of the Fund, if any, not included in
such regular distributions and (ii) for purposes of not incurring
federal excise tax on 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.
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.jhinvestments.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 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 Toronto, our
leading capabilities in public and private markets are strengthened
by an investment footprint that spans 18 geographies. We complement
these capabilities by providing access to a network of unaffiliated
asset managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our
workplace retirement plans. Today, plan sponsors around the
world rely on our retirement plan administration and investment
expertise to help their employees plan for, save for, and live a
better retirement. Not all offerings are available in all
jurisdictions. For additional information, please visit
manulifeim.com.
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SOURCE John Hancock Investment Management