JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND ANNOUNCES AMENDMENT TO MANAGED DISTRIBUTION PLAN AND DECLARES INCREASED QUARTERLY DISTRIBUTION

BOSTON, March 24, 2022 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC (the "Adviser") and subadvised by Manulife Investment Management (US) LLC (the "Subadviser"), announced today that its Board of Trustees voted to amend its current managed distribution plan (the "Plan"), increasing the amount of its quarterly distribution by 18 percent.