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John Hancock Closed-End Funds Declare Quarterly Distributions

John Hancock Closed-End Funds Declare Quarterly Distributions

QSY: A High-Quality Approach to Shareholder Yield

QSY: A High-Quality Approach to Shareholder Yield
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The QSY ETF: A Better Way to Shareholder Yield?

The QSY ETF: A Better Way to Shareholder Yield? April 16, 2021 Investors typically enjoy shareholder rewards, such as dividends and buybacks, but both have a way of sparking debate. That is particularly true of share repurchase programs, many of which are initiated when a company’s stock has already rallied. Some exchange traded funds focus solely on dividends while others emphasize buybacks. There are also broader shareholder yield strategies, including the Often lost in the shareholder yield conversation is that it’s a value factor, and a potent one at that. “Despite these recent value factor trends, it would be remiss to neglect the past,” writes WisdomTree analyst Kara Marciscano. “In the last 10 years, shareholder yield was the only value factor that ‘worked’ meaning it was the only effective way to screen the Russell 1000 Index for the least expensive stocks and outperform not only the expensive stocks, but also the benchmark index itself.”

John Hancock Closed-End Funds Declare Quarterly Distributions

John Hancock Hedged Equity & Income Fund Hedged Equity & Income Fund (the Fund ) declared its quarterly distribution pursuant to the Fund s managed distribution plan (the HEQ Plan ). Under the HEQ Plan, the Fund makes quarterly distributions in a fixed amount of $0.2900 per share, which will be paid quarterly until further notice. Distributions under the HEQ Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. The Fund may also make additional distributions (i) for purposes of not incurring federal income tax on investment company taxable income and net capital gain of the Fund, if any, not included in such regular distributions and (ii) for purposes of not incurring federal excise tax on ordinary income and capital gain net income, if any, not included in such regular quarterly distributions. The Board may amend the terms of the HEQ Plan or terminate the HEQ Plan at

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