BOSTON, Dec. 1, 2011 /PRNewswire/ -- The four John
Hancock closed-end funds listed below declared their monthly
distributions today as follows:
Declaration Date:
|
December
1, 2011
|
Ex
Date:
|
December
8, 2011
|
Record
Date:
|
December
12, 2011
|
Payment
Date:
|
December
19, 2011
|
Ticker
|
Fund
Name
|
Amount
|
Change
From
Previous
Month
|
Market
Price
as
of
11/30/2011
|
Annualized
Current
Distribution
Rate at
Market
|
HPI
|
Preferred
Income Fund
|
$0.1400
|
-
|
$21.15
|
7.94%
|
HPF
|
Preferred
Income Fund II
|
$0.1400
|
-
|
$20.74
|
8.10%
|
HPS
|
Preferred
Income Fund III
|
$0.1122
|
-
|
$17.22
|
7.82%
|
PDT
|
Premium
Dividend Fund
|
$0.0755
|
-
|
$12.77
|
7.09%
|
At this time, it is anticipated that the above four Funds will
accelerate the declaration of their January
2012 monthly distributions in order for the Funds to meet
their 2011 distribution requirements for federal excise tax
purposes. The Funds' January distributions are expected to be
payable in late January 2012 to
shareholders of record on December 30th,
2011. In February 2012, each
of the above Funds expects to resume its regular monthly
distribution and payment schedule.
A portion of a Fund's current distribution may include sources
other than net investment income, including a return of capital.
Investors should understand that a return of capital is not a
distribution from income or gains of a Fund. As required under the
Investment Company Act of 1940, a notice with the estimated
components of the distribution will be sent to shareholders at the
time of payment if it does not consist solely of net investment
income. Such notice will also be posted to the Funds' website at
www.jhfunds.com. The notice should not be used to prepare tax
returns as the estimates indicated in the notice may differ from
the ultimate federal income tax characterization of distributions.
After the end of each calendar year, investors will be sent a Form
1099-DIV informing them how to report distributions received during
that year for federal income tax purposes.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before investing.
About John Hancock Funds
The Boston-based mutual
fund business unit of John Hancock Financial, John Hancock Funds,
manages more than $62.3 billion in
open-end funds, closed-end funds, private accounts, retirement
plans and related party assets for individual and institutional
investors at September 30, 2011.
About John Hancock Financial and Manulife Financial
Corporation
John Hancock Financial is a unit of Manulife Financial
Corporation, a leading Canadian-based financial services group
serving millions of customers in 22 countries and territories
worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in
the United States, Manulife
Financial Corporation offers clients a diverse range of financial
protection products and wealth management services through its
extensive network of employees, agents and distribution partners.
Funds under management by Manulife Financial and its subsidiaries
were Cdn$492 billion (US$473 billion) at September 30, 2011.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE
and PSE, and under '945' on the SEHK. Manulife Financial can be
found on the Internet at www.manulife.com.
The John Hancock unit, through its insurance companies,
comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial
products and services, including life insurance, fixed and variable
annuities, fixed products, mutual funds, 401(k) plans, long-term
care insurance, college savings, and other forms of business
insurance. Additional information about John Hancock may be found
at www.johnhancock.com.
SOURCE John Hancock Funds