FLC - 'Hunkering Down' To Weather The Storm With John Hancock's Financial Opportunity Fund

I have been a big fan of the John Hancock Financial Opportunity Fund (BTO) for many years, but its distribution yield, around 6%, never excited me all that much. But the fund, currently beaten-down in price but looking strong in terms of its portfolio and-cash generating ability, is still making the same distribution payment it always has. Except, now it represents a 10% distribution yield at its current price.

BTO, whose symbol used to stand for "Bank & Thrift Opportunities," started out years ago investing in smaller regional banks and thrift institutions and

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