BOSTON, Dec. 15,
2022 /PRNewswire/ - The John Hancock Financial
Opportunities Fund (NYSE: BTO) (the "Fund"), advised by John
Hancock Investment Management LLC (the "Adviser") and subadvised by
Manulife Investment Management (US) LLC, announced today that the
Board of Trustees (the "Board") has approved a change to the Fund's
investment policies. This change provides additional flexibility
with respect to investments in investment grade securities, which
the Adviser believes is in the best interest of the Fund's
shareholders.
Under the revised investment policies, the Fund will be allowed
to invest in investment grade securities beyond defensive
purposes. The Fund will be allowed to invest in investment
grade securities for lower volatility and yields that potentially
meet or exceed the Fund's distribution.
The change announced today will become effective as of
December 15, 2022.
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 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