- John Hancock's Financial Opportunities Fund (BTO, Financial) reports a net investment income increase for Q1 2025.
- BTO's net asset value (NAV) and total managed assets also show significant growth year-over-year.
- The Hedged Equity & Income Fund (HEQ) experiences a modest increase in net investment income despite a slight decrease in NAV.
John Hancock has announced the Q1 2025 earnings for its closed-end funds, showcasing a strong performance for the Financial Opportunities Fund (BTO). The fund reported a net investment income of $2,216,652, translating to $0.112 per share. This marks an improvement from the $2,082,292 ($0.106 per share) reported in Q1 2024.
In addition to the income growth, BTO's net asset value (NAV) rose to $32.48, up from $29.34 year-over-year. The total managed assets for BTO increased significantly, reaching $771.9 million compared to $702.7 million in the previous year, indicating robust asset management and growth strategies.
Meanwhile, the Hedged Equity & Income Fund (HEQ) recorded a net investment income of $1,623,007 ($0.134 per share) in Q1 2025, showing a slight increase from $1,508,962 ($0.124 per share) in the same quarter of the previous year. However, HEQ's NAV experienced a small decline to $11.71 from $11.85, with total managed assets decreasing slightly to $141.6 million from $144.0 million.
