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John Hancock Bank and Thrift Opportunity Fund Reports Increased Net Investment Income

Strategic Insights

— 1 min read

John Hancock Bank and Thrift Opportunity Fund, a closed-end fund managed by John Hancock Advisers, LLC, reported a significant increase in net investment income for the third quarter ended July 31, 2005. According to the fund's announcement, net investment income was $3,147,138, a 12.6% increase from the comparable period in 2004, which was $2,796,520. As of July 31, 2005, the net asset value per share was $10.94, with total net assets of $923,054,633 and 84,400,000 shares outstanding.

Key Takeaways:

  • The John Hancock Bank and Thrift Opportunity Fund saw a 12.6% increase in net investment income for the third quarter ended July 31, 2005, reaching $3,147,138.
  • The comparable period in 2004 reported net investment income of $2,796,520.
  • As of July 31, 2005, the net asset value per share was $10.94, with total net assets of $923,054,633 and 84,400,000 shares outstanding.
  • Additionally, the fund's management company, John Hancock Funds, managed over $33.4 billion in assets as of June 30, 2005.
  • John Hancock Funds is a subsidiary of Manulife Financial Corporation, which operates in 19 countries and territories worldwide.
  • Manulife Financial's funds under management were Cdn$364 billion (US$297 billion) as at June 30, 2005.

Statistics:

  • Net investment income for the third quarter ended July 31, 2005: $3,147,138
  • Comparable net investment income for the third quarter ended July 31, 2004: $2,796,520
  • Increase in net investment income: 12.6%
  • Net asset value per share as of July 31, 2005: $10.94
  • Total net assets as of July 31, 2005: $923,054,633
  • Shares outstanding as of July 31, 2005: 84,400,000
  • Manulife Financial's funds under management as at June 30, 2005: Cdn$364 billion (US$297 billion)

Sources:

  • PRNewswire-FirstCall, "John Hancock Bank and Thrift Opportunity Fund Reports Third Quarter Results", August 29, 2005
  • http://www.jhfunds.com/ (John Hancock Funds website)
  • http://www.manulife.com/ (Manulife Financial website)

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