John Hancock Financial Opportunities Fund director acquires $11,169 in shares

Thomas Rowe Wright, a director at John Hancock Financial Opportunities Fund (NYSE:BTO), recently purchased 378 common shares of beneficial interest in the company. The timing is notable as the stock has declined nearly 17% over the past week, according to InvestingPro data. The acquisition, executed on April 8, 2025, was made at a price of $29.548 per share, bringing the total transaction value to approximately $11,169. This purchase increases Wright's direct ownership of the fund's shares to 378 following the transaction. The fund, currently valued at $612 million, offers an attractive 9.14% dividend yield and has maintained dividend payments for 32 consecutive years. InvestingPro subscribers can access additional insider trading patterns and 8 more key insights about BTO's financial health and valuation.

In other recent news, B2Gold Corp (TSX:BTO). has announced a $350 million offering of convertible senior unsecured notes due in 2030. The company may provide initial purchasers with a 15-day option to acquire an additional $52.5 million in notes. The proceeds are intended for general corporate purposes and working capital, initially aimed at reducing the outstanding balance under B2Gold (NYSE:BTG)'s revolving credit facility. The interest and conversion rates for these notes will be determined based on market conditions at the time of the offering. Noteholders will have the option to convert their notes into common shares, while B2Gold retains the right to redeem the notes under specific circumstances. Additionally, B2Gold plans to enter a cash-settled total return swap for approximately $50 million of its shares with one of the initial purchasers, providing economic exposure to its shares for about a month. The notes offering will not be registered under the U.S. Securities Act of 1933 and will be available only to qualified institutional buyers in the United States and through exemptions in Canada.

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