John Hancock Investors Trust (the Fund) is a closed-end diversified management investment company. The Fund's primary investment objective is to generate income for distribution to its shareholders, with capital appreciation as a secondary objective. Its assets are invested in a diversified portfolio of debt securities, some of which may carry equity features. Up to 50% of the value of the Fund's assets may be invested in restricted securities acquired through direct placement. The Fund may also invest in repurchase agreements. It invests in sectors, such as the United States Government & Agency Obligations, consumer discretionary, financials, industrials, energy, materials, telecommunication services, mortgage bonds, utilities, consumer staples, health care, foreign government obligations, information technology and short-term investments. The Fund's investment advisor is John Hancock Advisers, LLC, a wholly owned indirect subsidiary of Manulife Financial Corporation (MFC).