John Hancock Funds Declare Monthly Dividends

Strategic Insights -

John Hancock Funds, a premier investment management company, has declared monthly dividends for nine of its closed-end funds. As of June 30, 2005, the company managed more than $33.4 billion in open-end funds, closed-end funds, private accounts, retirement plans, and related party assets for individual and institutional investors. This announcement comes as the company continues to grow its financial products and services, including life insurance, college savings products, mutual funds, and annuities.

Key Takeaways:

  • John Hancock Funds declared monthly dividends for nine of its closed-end funds, with dividend amounts ranging from $0.15 to $0.35 per share.
  • The company managed more than $33.4 billion in assets as of June 30, 2005, across open-end funds, closed-end funds, private accounts, retirement plans, and related party assets.
  • John Hancock Funds is a subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation.
  • Manulife Financial, a leading Canadian-based financial services group, had funds under management totaling Cdn$364 billion (US$297 billion) as at June 30, 2005.
  • John Hancock Financial Services, Inc. was founded in 1862 and offers a broad range of financial products and services.
  • The company's parent, Manulife Financial Corporation, trades as 'MFC' on the TSX, NYSE, and PSE, and under '0945' on the SEHK.

Statistics:

  • $33.4 billion: Total assets managed by John Hancock Funds as of June 30, 2005.
  • Cdn$364 billion (US$297 billion): Funds under management by Manulife Financial and its subsidiaries as at June 30, 2005.
  • 19: Countries and territories where Manulife Financial serves millions of customers.
  • 1862: Founding year of John Hancock Financial Services and its subsidiaries.
  • 9: Number of closed-end funds for which John Hancock Funds declared monthly dividends.

Sources:

  • PRNewswire, September 1: John Hancock Funds Declare Monthly Dividends
  • John Hancock Funds website: http://www.jhfunds.com/
  • Manulife Financial website: http://www.manulife.com/