JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

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John Hancock has released earnings data for its closed-end funds for Q1 2025. The Financial Opportunities Fund (BTO) reported net investment income of $2,216,652 ($0.112 per share) with NAV of $32.48 and total managed assets of $771.9M. This represents an increase from Q1 2024's figures of $2,082,292 ($0.106 per share), NAV of $29.34, and managed assets of $702.7M.

The Hedged Equity & Income Fund (HEQ) showed net investment income of $1,623,007 ($0.134 per share) with NAV of $11.71 and total managed assets of $141.6M, compared to Q1 2024's $1,508,962 ($0.124 per share), NAV of $11.85, and managed assets of $144.0M.

BOSTON, April 24, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings¹ for the three months ended March 31, 2025. The same data for the comparable three-month period ended March 31, 2024 is also available below.

Three Months Ended 03/31/25
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	$1,623,007	$0.134	$11.71	$141,635,946		$141,635,946
BTO	Financial Opportunities Fund	12/31	$2,216,652	$0.112	$32.48	$771,929,173	*	$641,929,173
Three Months Ended 03/31/24
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	$1,508,962	$0.124	$11.85	$144,019,870		$144,019,870
BTO	Financial Opportunities Fund	12/31	$2,082,292	$0.106	$29.34	$702,658,627	*	$577,658,627
*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

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SOURCE John Hancock

FAQ

What are the Q1 2025 earnings for John Hancock BTO Financial Opportunities Fund?

BTO reported net investment income of $2,216,652 ($0.112 per share) for Q1 2025, with a NAV of $32.48.

How much did BTO's managed assets grow from Q1 2024 to Q1 2025?

BTO's total managed assets grew from $702.7M in Q1 2024 to $771.9M in Q1 2025, an increase of approximately $69.2M.

What is the current NAV for John Hancock BTO fund as of March 31, 2025?

The NAV for BTO fund as of March 31, 2025, is $32.48.

How did BTO's per share earnings change year-over-year in Q1 2025?

BTO's per share earnings increased from $0.106 in Q1 2024 to $0.112 in Q1 2025.

What is the difference between BTO's total managed assets and total net assets in Q1 2025?

The difference is $130M ($771.9M total managed assets minus $641.9M total net assets), which represents assets attributable to borrowings under a Liquidity Agreement.