John Hancock Financial Opportunities Fund Sets $0.65 Quarterly Distribution Yield 7.09%
BTO•John Hancock Financial Opportunities Fund declared a quarterly distribution of $0.65 per share with an ex-dividend and record date of June 11 and payment date of June 30. At the May 29 market price of $36.65, this distribution equates to a 7.09% annualized yield.
1. Distribution Details
The Financial Opportunities Fund declared a quarterly distribution of $0.65 per share with an ex-dividend and record date of June 11 and payment date of June 30 under its managed distribution plan.
2. Funding and Composition
Under the BTO Plan, distributions may consist of net investment income, net realized long-term and short-term capital gains and, if necessary, return of capital; the board may amend or terminate the plan at any time.
3. Yield and Market Context
Based on the market price of $36.65 as of May 29, the current quarterly distribution reflects a 7.09% annualized yield, and shareholders will receive a notice estimating the tax characterization of distribution components following payment.
