JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

Rhea-AI Summary

John Hancock Financial Opportunities Fund (NYSE:BTO) and Hedged Equity & Income Fund reported earnings for Q2 2025. BTO showed significant growth with net investment income of $3.22M ($0.163 per share), up from $2.35M ($0.119 per share) in Q2 2024. The fund's NAV increased to $33.84 from $28.49 year-over-year.

BTO's total managed assets grew to $799.44M, compared to $691.78M in the previous year, including assets from borrowings under a Liquidity Agreement. The fund's total net assets reached $669.44M, showing substantial growth from $561.78M in Q2 2024.

Positive

• Net investment income increased 37.3% year-over-year to $3.22M
• NAV improved significantly by 18.8% to $33.84
• Total managed assets grew by 15.6% to $799.44M
• Total net assets increased by 19.2% to $669.44M

Negative

• Increased reliance on borrowings under Liquidity Agreement
• Higher total managed assets but lower proportional net investment income per share

BOSTON, July 17, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings¹ for the three months ended June 30, 2025. The same data for the comparable three-month period ended June 30, 2024 is also available below.

Three Months Ended 06/30/25
Ticker	Fund Name	Current Fiscal Year End	Net Investment Income	Per Common Share	NAV	Total Managed Assets		Total Net Assets
HEQ	Hedged Equity & Income Fund	12/31	$2,504,429	$0.207	$11.86	$143,401,034		$143,401,034
BTO	Financial Opportunities Fund	12/31	$3,223,929	$0.163	$33.84	$799,439,623	*	$669,439,623
Three Months Ended 06/30/24
Ticker	Fund Name	Current Fiscal Year End	Net Investment Income	Per Common Share	NAV	Total Managed Assets		Total Net Assets
HEQ	Hedged Equity & Income Fund	12/31	$2,233,787	$0.185	$11.67	$141,255,610		$141,255,610
BTO	Financial Opportunities Fund	12/31	$2,348,212	$0.119	$28.49	$691,776,817	*	$561,776,817
*Total managed assets include assets attributable to borrowings under a Liquidity Agreement.

¹ Earnings refer to net investment income, which is comprised of the Fund's interest and dividend income, less expenses. Earnings presented represent past earnings and there is no guarantee of future results.

Amounts distributed by the Funds may vary from the earnings shown above and will be announced in separate press releases. Up-to-date distribution rate information is available on John Hancock Investment Management's web site at www.jhinvestments.com  by clicking on "Closed-End Funds" under the "Daily Prices" tab.

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 Manulife John Hancock Investments 
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 manulife.com.

Media Contact:	Gordon Haight
	(617) 572-0034
Investor Contact:	(800) 843-0090

View original content:https://www.prnewswire.com/news-releases/john-hancock-closed-end-funds-release-earnings-data-302508305.html

SOURCE John Hancock Investment Management

FAQ

What was BTO's net investment income for Q2 2025?

BTO reported net investment income of $3,223,929 ($0.163 per share) for Q2 2025, up from $2,348,212 ($0.119 per share) in Q2 2024.

How much did BTO's NAV increase in Q2 2025 compared to Q2 2024?

BTO's NAV increased to $33.84 in Q2 2025, up 18.8% from $28.49 in Q2 2024.

What are BTO's total managed assets as of Q2 2025?

BTO's total managed assets reached $799,439,623 in Q2 2025, including assets attributable to borrowings under a Liquidity Agreement.

How did BTO's total net assets change year-over-year?

BTO's total net assets grew to $669,439,623 in Q2 2025, up 19.2% from $561,776,817 in Q2 2024.

What was BTO's earnings per share for Q2 2025?

BTO reported earnings of $0.163 per common share for Q2 2025, compared to $0.119 per share in Q2 2024.