BOSTON, Dec. 31,
2021 /PRNewswire/ - John Hancock Hedged Equity &
Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by
John Hancock Investment Management LLC (the "Adviser") and
subadvised by Wellington Management Company LLP (the "Subadviser"),
announced today sources of its quarterly distribution of
$0.2900 per share paid to all
shareholders of record as of December 13,
2021, 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 Hedged Equity & Income Fund
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock Hedged
Equity & Income Fund (NYSE: HEQ) with important information
concerning the distribution declared on December 1, 2021, and payable on December 31, 2021. No action is required on your
part.
Distribution
Period:
|
December
2021
|
Distribution Amount Per
Common Share:
|
$0.2900
|
The following table sets forth the estimated sources of the
current distribution, payable December 31,
2021, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income; net
realized short term capital gains; net realized long term capital
gains; and return of capital or other capital source. All amounts
are expressed on a per common share basis and as a percentage of
the distribution amount.
|
|
For the period
10/1/2021-12/31/2021
|
|
For the fiscal
year-to-date period
1/1/2021-12/31/2021 1
|
Source
|
|
Current
Distribution ($)
|
|
% Breakdown
of the Current
Distribution
|
|
Total Cumulative
Distributions ($)
|
|
% Breakdown
of the Total
Cumulative
Distributions
|
Net Investment
Income
|
|
0.1121
|
|
39%
|
|
0.5495
|
|
47%
|
Net Realized Short-
Term Capital Gains
|
|
0.0026
|
|
1%
|
|
0.0000
|
|
0%
|
Net Realized Long-
Term Capital Gains
|
|
0.1287
|
|
44%
|
|
0.6105
|
|
53%
|
Return of Capital
or
Other Capital Source
|
|
0.0466
|
|
16%
|
|
0.0000
|
|
0%
|
Total per common
share
|
|
0.2900
|
|
100%
|
|
1.1600
|
|
100%
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on November 30,
2021
|
|
4.74%
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of November
30,
2021
|
|
9.08%
|
|
|
|
Cumulative total return
(in relation to NAV) for the fiscal year through November 30,
2021
|
|
7.01%
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of
November 30, 2021
|
|
9.08%
|
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution or from the terms
of the Fund's managed distribution plan.
The Fund estimates that it has distributed more than its income
and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital
may occur, for example, when some or all of the money that you
invested in the Fund is paid back to you. A return of capital
distribution does not necessarily reflect the Fund's investment
performance and should not be confused with "yield" or
"income."
The amounts and sources of distributions reported in this Notice
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund's investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
The Fund has declared the December
2021 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund makes
fixed quarterly distributions in the amount of $0.2900 per share, which will continue to be paid
quarterly until further notice.
If you have questions or need additional information, please
contact your financial professional or call the John Hancock
Investment Management Closed-End Fund Information Line at
1-800-843-0090, Monday through Friday between 8:00 a.m. and 7:00 p.m., Eastern
Time.
Effective October 1, 2021,
copies of all notices informing shareholders of distributions made
by the fund in excess of accumulated net investment income will be
posted on John Hancock Investment Management's public website
(jhinvestments.com) and on the Legal Notice System (LENS), a
service offering of the Depository Trust Company (DTC) accessible
by broker-dealer firms. To the extent required, notice may also be
provided via press release. John Hancock Investment Management will
continue to distribute paper copies of these notices by mail until
March 30, 2022, after which date the
notices will be delivered exclusively via the methods described
above.
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.
Wellington Management Company LLP is an independent and
unaffiliated investment subadviser to John Hancock Hedged Equity
& Income Fund.
About John Hancock Financial and Manulife
Financial
John Hancock
is a division of Manulife Financial Corporation, a
leading international financial services group that helps people
achieve their dreams and aspirations by putting customers' needs
first and providing the right advice and solutions. We operate
primarily as John Hancock in
the United States and as
Manulife elsewhere. We provide financial advice, insurance,
and wealth and asset management solutions for individuals, groups,
and institutions. Assets under management and administration
by Manulife and its subsidiaries were over
CAD$1.4 trillion (US$1.1 trillion) as of September 30, 2021. Manulife
Financial Corporation trades as MFC on
the TSX, NYSE, and PSE, and under 945 on
the SEHK. Manulife can be found at
manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
_____________________________
|
1 The
Fund's current fiscal year began on January 1, 2021 and will end on
December 31, 2021.
|
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SOURCE John Hancock Investment Management