John Hancock Funds Announce Quarterly Distributions Details
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John Hancock Funds Announce Quarterly Distributions
John Hancock has officially announced the quarterly distributions for its closed-end funds. This announcement provides crucial details for investors looking to stay updated on their investments and expected returns.
Key Distribution Dates
The funds' quarterly distributions are set according to a clear schedule. The declaration date marks the beginning of the process, followed by the ex-date and record date, where investors need to be on alert to ensure they receive the distributions.
Distribution Schedule
Here is an outline of the important dates regarding these distributions:
- Declaration Date: The funds have their distributions declared on the specified date.
- Ex Date: This is the date when the shares begin to trade without the value of their next distribution.
- Record Date: Investors must own shares before this date to receive the upcoming distribution.
- Payment Date: The actual payment will be made on this date, providing shareholders with their expected income.
Distribution Details by Fund
Let's look at the specific quantity of distributions for each fund managed by John Hancock:
Ticker | Fund Name | Distribution Per Share | Change From Previous Distribution | Market Price | Annualized Current Distribution Rate |
---|---|---|---|---|---|
HEQ | Hedged Equity & Income | $0.2500 | - | $10.95 | 9.13% |
JHS | Income Securities Trust | $0.1132 | -0.0027 | $11.75 | 3.85% |
JHI | Investors Trust | $0.3134 | 0.0910 | $13.71 | 9.14% |
BTO | Financial Opportunities Fund | $0.6500 | - | $33.45 | 7.77% |
Fund Distribution Plans
Each fund operates under its distinct managed distribution plan, which ensures predictable income for shareholders.
HEQ Plan Overview
Under the Hedged Equity & Income Fund (HEQ Plan), a distribution of $0.2500 per share is managed quarterly. This distribution can include net investment income, long- and short-term capital gains, and, if necessary, a return of capital. The board retains the authority to amend or terminate the plan anytime.
BTO Plan Overview
Similarly, the Financial Opportunities Fund (BTO Plan) offers a quarterly distribution of $0.6500 per share. The aim here is to fund distributions in a tax-advantaged manner primarily through long-term capital gains while ensuring responsibilities under federal regulations are met.
Commitment to Responsible Investing
John Hancock Investment Management, a part of Manulife Investment Management, emphasizes a multi-manager approach. With a strong focus on investment stewardship, the company offers a good mix of in-house capabilities and specialized asset managers.
Insights on Manulife Investment Management
With more than a century of rich experience, Manulife operates globally while prioritizing responsible investment practices. Their overarching goal is to foster financial well-being through retirement planning and sustainable investing. Investors can expect transparency about the funds' distribution components, particularly if these include returns of capital, ensuring compliance with investment laws.
Frequently Asked Questions
What are the key distribution dates for the John Hancock funds?
The key distribution dates include declaration, ex, record, and payment dates. These are crucial for investors to track their share ownership.
How much will each fund distribute this quarter?
The funds have set varying distribution amounts; for example, Hedged Equity & Income distributes $0.2500, while Financial Opportunities Fund distributes $0.6500.
What is a managed distribution plan?
A managed distribution plan allows funds to make regular, fixed distributions to shareholders while managing potential tax implications and capital gains optimization.
How does John Hancock ensure responsible investing?
John Hancock emphasizes a multi-manager approach and sustainable investing practices, complemented by rigorous investment oversight.
Where can I find more information about these distributions?
Investors may access detailed distribution information and updates on John Hancock’s official website.
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