Understanding John Hancock Financial Opportunities Fund Distributions
Overview of John Hancock Financial Opportunities Fund
The John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end fund managed by John Hancock Investment Management LLC. This fund focuses on delivering consistent income to its shareholders through a managed distribution plan. In this article, we will explore the recent distributions announced by the fund and what they mean for investors.
Recent Distribution Announcement
Recently, the fund declared a distribution of $0.6500 per share. This distribution is payable to all shareholders of record, reflecting the fund's commitment to providing its investors with regular income. The fund has established a managed distribution plan that facilitates these quarterly payments, ensuring that investors receive a predictable flow of income.
Details on the Distribution Sources
Shareholders can take note of the estimated sources contributing to the current distribution. The primary sources include net investment income, net realized capital gains, and a return of capital. Distributions for the period have been reported on a per-common share basis, allowing investors to understand how their returns are structured.
Breakdown of Distribution Sources
Here's a detailed breakdown of the estimated distribution sources for this reporting period:
- Net Investment Income: $0.1533 (24%)
- Net Realized Short-Term Capital Gains: $0.0091 (1%)
- Net Realized Long-Term Capital Gains: $0.3521 (54%)
- Return of Capital: $0.1355 (21%)
- Total Distribution: $0.6500 (100%)
Investment Performance Considerations
Investors should not draw conclusions solely from the amount of this distribution. A portion of the distribution may reflect a return of capital, which occurs when part of the invested capital is paid back to investors. It is essential to differentiate between yield or income and a return of capital when evaluating the fund's performance.
The amounts and sources outlined in the distribution notice are estimates, and actual amounts may vary based on the fund's future investment results and tax regulations. The fund will provide a Form 1099-DIV at the end of the calendar year to assist shareholders with tax reporting.
Long-Term Investment Outlook
Over the past five years, the fund has delivered an average annual total return in relation to net asset value (NAV). This is vital information for investors assessing the long-term viability of their investments with John Hancock Financial Opportunities Fund (NYSE: BTO). As of the latest reports, the average annual return stands at 18.33%.
Contact Details and Support
If you have any questions or need further information regarding your investment, it's advisable to reach out to your financial professional or contact the Manulife John Hancock Closed-End Fund Information Line. Investors can call at 1-800-843-0090 during business hours for assistance.
Investor Resources
John Hancock Investment Management operates with a well-established multimanager approach, blending in-house investment capabilities with external asset managers. This diverse strategy creates a robust lineup of investment opportunities designed to cater to various investor needs.
About Manulife John Hancock Investments
Manulife John Hancock Investments provides individual and institutional investors with management and financial planning services. With a legacy of over 100 years, the firm is dedicated to financial stewardship and responsible investing. It emphasizes sustainable investing principles and provides a broad spectrum of investment options tailored to meet clients’ diverse needs.
Frequently Asked Questions
What is the current distribution amount for BTO?
The current distribution amount for the John Hancock Financial Opportunities Fund (NYSE: BTO) is $0.6500 per share.
What sources contribute to the fund's distributions?
Distributions are sourced from net investment income, realized short-term and long-term capital gains, and returns of capital.
How are distributions reported for tax purposes?
Actual amounts and sources for tax reporting will be provided by the fund during the calendar year, and investors will receive a Form 1099-DIV.
What is the fund's average annual return?
The fund's average annual total return in relation to NAV for the past five years is 18.33%.
How can I get more information about the fund?
Investors can contact their financial advisors or call the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090.
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