JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGE FOR HEDGED EQUITY & INCOME FUND

Rhea-AI Summary

John Hancock Investment Management has announced a change in the portfolio management team for the John Hancock Hedged Equity & Income Fund (NYSE: HEQ). Effective July 30, 2024, Gregg Thomas, CFA, Co-Head of Investment Strategy at Wellington Management, will no longer serve as a portfolio manager for HEQ. Roberto Isch, CFA, Senior Managing Director at Wellington Management, will continue as the sole portfolio manager for the fund.

Mr. Isch has been involved in managing HEQ since 2012 and was officially named a portfolio manager in February 2019. The fund is advised by John Hancock Investment Management and subadvised by Wellington Management Company, LLP.

Positive

• Continuity in management with Roberto Isch remaining as portfolio manager
• Roberto Isch has long-term experience with the fund, managing it since 2012

Negative

• Loss of Gregg Thomas as co-portfolio manager may impact fund management strategy

BOSTON, July 30, 2024 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management team for John Hancock Hedged Equity & Income Fund (NYSE: HEQ). The Fund is advised by the Adviser and subadvised by Wellington Management Company, LLP (the "Subadviser").

Effective July 30, 2024, Gregg Thomas, CFA, Co-Head of Investment Strategy, Wellington Management will no longer serve as a portfolio manager on HEQ. Roberto Isch, CFA, Senior Managing Director, Wellington Management, will continue to serve as portfolio manager on the Fund. Mr. Isch has been involved in the management of HEQ since 2012 and was named a portfolio manager in February 2019.

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. Investing involves risks, including the potential loss of principal.

About John Hancock Investment Management

A company of Manulife Investment Management, 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 manulifeim.com.

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SOURCE John Hancock Investment Management

FAQ

What changes were announced for the John Hancock Hedged Equity & Income Fund (HEQ)?

John Hancock announced that Gregg Thomas will no longer serve as a portfolio manager for the Hedged Equity & Income Fund (HEQ) effective July 30, 2024. Roberto Isch will continue as the sole portfolio manager for the fund.

Who is the new portfolio manager for John Hancock Hedged Equity & Income Fund (HEQ)?

Roberto Isch, CFA, Senior Managing Director at Wellington Management, will continue as the sole portfolio manager for the John Hancock Hedged Equity & Income Fund (HEQ).

How long has Roberto Isch been involved with managing the HEQ fund?

Roberto Isch has been involved in managing the John Hancock Hedged Equity & Income Fund (HEQ) since 2012 and was officially named a portfolio manager in February 2019.

When does the portfolio manager change for HEQ take effect?

The portfolio manager change for the John Hancock Hedged Equity & Income Fund (HEQ) takes effect on July 30, 2024.