JOHN HANCOCK HEDGED EQUITY & INCOME FUND ANNOUNCES AMENDMENT TO MANAGED DISTRIBUTION PLAN AND DECLARES DECREASED QUARTERLY DISTRIBUTION

BOSTON, June 30, 2023 /PRNewswire/ - The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC (the "Adviser") and subadvised by Wellington Management Company LLP (the "Subadviser"), announced today that its Board of Trustees voted to amend its current managed distribution plan (the "Plan"), decreasing the amount of its quarterly distribution by 14 percent.

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