John Hancock Financial Opportunities Fund

John Hancock Financial Opportunities Fund is a closed-end diversified management investment fund. Its objective is to provide a high level of total return consisting of long-term capital appreciation and current income. The company was founded on August 23, 1994 and is headquartered in Boston, MA.

John Hancock Hedged Equity & Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

John Hancock Premium Dividend Fund

BOSTON , Dec. 12, 2024 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), and John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (each a "Fund" and collectively, the "Funds") announced today that the Board of Trustees has renewed the Funds' share repurchase plans.  The Board of Trustees approved the renewal of the share repurchase plans as part of its ongoing evaluation of options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value per share ("NAV") of the Funds' common shares.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE RENEWAL OF SHARE REPURCHASE PLANS

Flaherty & Crumrine Dynamic Preferred & Income Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

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Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

Closed-End funds have been a source of significant upside and income in 2024. We have seen numerous distribution increases along with prices climbing. We look into the dynamics that have driven this strength.

CEFs Are Crushing It: How To Ride The 2024 Wave

BOSTON , Dec. 2, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their quarterly distributions today as follows: Declaration Date:         December 2, 2024 Ex Date:                       December 12, 2024 Record Date:                December 12, 2024 Payment Date:             December 31, 2024   Ticker     Fund Name     Distribution Per Share     Change FromPrevious Distribution     Market Price as of 11/29/2024     Annualized Current Distribution Rate at Market   HEQ Hedged Equity & Income  $0.2500 - $11.11 9.00 % JHS Income Securities Trust $0.2017 0.0885 $11.49 7.02 % JHI Investors Trust $0.3455 0.0321 $14.22 9.72 % BTO Financial Opportunities Fund $0.6500 - $39.40 6.60 % John Hancock Hedged Equity & Income Fund  Hedged Equity & Income Fund (the "Fund") declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "HEQ Plan"). Under the HEQ Plan, the Fund makes quarterly distributions in a fixed amount of $0.2500 per share, which will be paid quarterly until further notice.

JOHN HANCOCK CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS

Banks are outstandingly stronger than many assume. If you avoid them, you're missing out on massive income. Many worry about banking health, but those fears are often misplaced due to worries about the economy. Collect wonderful passive income. Consider BTO for bank exposure.

Need Income? Collect Paychecks From U.S. Banks: BTO

BOSTON , Sept. 30, 2024 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its quarterly distribution of $0.6500 per share paid to all shareholders of record as of September 13, 2024, pursuant to the Fund's managed distribution plan.

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

BOSTON, MA , Sept. 26, 2024 /PRNewswire/ - The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 18, 2025, at 2:00 p.m.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

BTO offers a compelling income investment with a 7.9% dividend yield, benefiting from potential interest rate cuts and a diversified financial sector portfolio. The fund's valuation is attractive, trading at a slight discount to NAV, but it carries sector-specific risks and relies heavily on realized gains. BTO's distribution history is strong, but recent earnings have not covered payouts, leading to potential NAV erosion from return of capital.

BTO: Ideal Circumstance For Growth

Bank of Nova Scotia

Interest rate cuts signal weakening economic fundamentals, aimed at stimulating the economy and improving affordability. Rate cuts benefit banks by reducing defaults, enabling them to release reserves and boost earnings. We capitalize on this environment by collecting substantial dividends.

Big Banks Set To Soar, I Am Loading Up On Up To 8% Yields

Banks' large loan portfolios are primed to benefit from falling rates. Current loans provide higher rates, and declining rates will spur new lending activity. Banks are tested heavily by regulators to ensure solvency and maintain lending through a harsh recession.

Forget CDs, I'm Earning At Least 8% From My Bank: BTO

Blackrock AAA CLO ETF

Janus Henderson AAA CLO ETF

The financial sector is still out of favor due to rate shock, income is pouring into the willings' coffers. You can invest in banks, bank-like institutions, or both. Don't neglect this sector. Lower risk, higher yields, a retiree's dream.

3 Bank Funds To Buy For Your Retirement Income

John Hancock Financial Opportunities Fund invests primarily in the banking sector, which historically has shown a positive correlation between interest rates and net interest margins. The fund has a high current yield of 9.33%, making it attractive for income-seeking investors compared to other sector-specific funds. The fund employs leverage but maintains a reasonable level of debt compared to its peers, reducing potential risk. However, it has struggled to cover its distributions and may need to reduce its payout in the future.

BTO: Continual Failure To Cover The Distribution Means That Caution Is In Order

Altria

Managing your retirement portfolio and finances shouldn't become a stressful full-time job. Can you always stay on top of market news and events? We discuss two picks with up to 9% yields for financial peace in your golden years.

Earn Income While You Sleep, 2 Dividends For A Retirement Dream

Too many investors walk about naked, blinded by their egos, without the necessary skill or temperament. The banking sector is highly attuned to extracting cash from the economy. We look for ways to tap into the cash flowing through the markets and siphon off what we need.

This Is How To Profit From U.S. Banks With Up To +8% Yield

BOSTON , March 28, 2024 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its quarterly distribution of $0.6500 per share paid to all shareholders of record as of March 11, 2024, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

John Hancock Financial Opportunities Fund is a closed-end fund that provides primarily equity exposure to the financial sector. BTO currently trades at a bit of a premium, but historically, this valuation suggests it actually isn't looking expensive. BTO has struggled over the last year due to having regional banking exposure.

BTO: Diversified Financial Exposure But Waiting For A Sale

Royce Value Trust

Building retirement wealth is like crafting intricate machinery - it starts with simple tools. The reliable engine of dividends helps turn retirement complexity into clarity. Nothing beats the dynamic duo of dividends and compounding.

Harness The Power Of Compounding With These Time-Tested CEFs

The John Hancock Financial Opportunities Fund aims for capital appreciation and income through investments in financial services stocks. The fund is characterized by a very high management fee and is trading at a premium to NAV. BTO has little exposure to non-bank financials, which make up a large part of financial sector ETFs such as XLF.

BTO: 4 Reasons Why I Would Avoid This CEF

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Blackrock Core Bond Trust

Brandywine Global Income Opportunities Fund Inc

Virtus Stone Harbor Emerging Markets Income Fund 

abrdn Life Sciences Investors 

CBRE Global Real Estate Income Fund

Nuveen Build America Bond Fund

For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 9% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+6.45%), for the second straight month, outpaced the other classifications in the equity CEF universe for December.

The Month In Closed-End Funds: December 2023

Cohen & Steers Reit And Preferred Income Fund Inc

I was introduced to the market at an early age by a popular Canadian board game. Retirement planning can feel like a dice-rolling adventure, but you can't leave your finances to chance. You can leverage portfolio managers to see outstanding income.

2 Must-Own Dividend Stocks For Your Retirement

Realty Income Corp

As the year comes to an end, it's important to button up your income stream for as much growth as possible. Holiday shopping trends create two clear winners within the market. Removing the volatility of a fickle consumer from income stream is a great benefit to your retirement.

2 Magnificent Yields Up To 9% You Don't Want To Miss

Atento

The Restructuring Effective Date in relation to Atento's financial restructuring implemented through a UK restructuring plan has occurred following approval by its creditors and the sanction of the English Court. Following the successful funding of the Exit Financing, the Company enters a new phase with a strong focus on technology investment to further enhance CX services, along with geographic expansion.

Atento announces the successful implementation of its financial restructuring and unveils new business strategy leading the way to BTO (Business Transformation Outsourcing)

John Hancock Financial Opportunities Fund has treaded water since our last coverage. The large jump from the late October bottom negated the losses. We examine the macro and what it will take for the Fed to ease on the interest rate front.

BTO: Breaking Bad And The Easy Fed

You need income you can bank on for your retirement. The financial services sector has a long storied history of providing strong returns. Earn 11% from a high-quality fund.

11% Income You Can Bank On: BTO

Warren Buffett has built his empire by scooping quality through market fears.

Buy The Fear Like Buffett: Big +8% Yields, Empower Your Retirement

The John Hancock Financial Opportunities Fund invests primarily in financial services companies and has a current yield of 10.14%. The fund has underperformed the S&P 500 Index and other financial ETFs, with shares down 24.40% year-to-date. The fund's performance has been impacted by the struggles in the banking sector, particularly regional banks, due to rising interest rates.

News for John Hancock Financial Opportunities Fund ETF (BTO)