BTO John Hancock Financial Opportunities Fund

Prospectus Supplement

John Hancock Financial Opportunities Fund (the fund)

Supplement dated May 31, 2023 to the current Prospectus, as supplemented (the Prospectus)

The following replaces any references, contained either in the Prospectus or the Prospectus Supplement, with respect to the Fund’s: (i) last reported sale price; (ii) net asset value (“NAV”) per Common Share; and (iii) percentage premium to NAV per Common Share.

The last reported sale price, NAV per share and percentage premium to NAV per share of the Common Shares as of May 30, 2023 were $26.41, $23.85, and 10.7%, respectively.

You should read this supplement in conjunction with the Prospectus and retain it for your future reference.

Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.

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