BOSTON, July 1, 2021 /PRNewswire/ - The five
John Hancock closed-end funds listed
below declared their monthly distributions today as follows:
Declaration
Date:
|
July 1,
2021
|
Ex
Date:
|
July 9,
2021
|
Record
Date:
|
July 12,
2021
|
Payment
Date:
|
July 30,
2021
|
Ticker
|
Fund
Name
|
Distribution
Per Share
|
Change From
Previous
Distribution
|
Market Price
as
of 06/30/2021
|
Annualized
Current
Distribution Rate
at Market
|
HPI
|
Preferred Income
Fund
|
$0.1235
|
-
|
$21.60
|
6.86%
|
HPF
|
Preferred Income Fund
II
|
$0.1235
|
-
|
$21.60
|
6.86%
|
HPS
|
Preferred Income Fund
III
|
$0.1100
|
-
|
$19.21
|
6.87%
|
PDT
|
Premium Dividend
Fund
|
$0.0975
|
-
|
$16.94
|
6.91%
|
HTD
|
Tax-Advantaged
Dividend
Income Fund
|
$0.1380
|
-
|
$24.90
|
6.65%
|
John Hancock Premium Dividend Fund
Premium Dividend
Fund (the "Fund") declared its monthly distribution pursuant to the
Fund's managed distribution plan (the "PDT Plan"). Under the PDT
Plan, the Fund makes monthly distributions of an amount equal to
$0.0975 per share. This amount will
be paid monthly until further notice.
Distributions under the PDT Plan may consist of net investment
income, net realized long-term capital gains, net realized
short-term capital gains and, to the extent necessary, return of
capital. The Fund may also make additional distributions (i) for
purposes of not incurring federal income tax on investment company
taxable income and net capital gain of the Fund, if any, not
included in such regular distributions and (ii) for purposes of not
incurring federal excise tax on ordinary income and capital gain
net income, if any, not included in such regular monthly
distributions. The Board may amend the terms of the PDT Plan or
terminate the PDT Plan at any time.
John Hancock Tax-Advantaged Dividend Income Fund
Tax-Advantaged Dividend Income Fund (the "Fund") declared its
monthly distribution pursuant to the Fund's managed distribution
plan (the "HTD Plan"). Under the HTD Plan, the Fund makes monthly
distributions of an amount equal to $0.1380 per share. This amount will be paid
monthly until further notice.
Distributions under the HTD Plan may consist of net investment
income, net realized long-term capital gains, net realized
short-term capital gains and, to the extent necessary, return of
capital. The Fund may also make additional distributions (i) for
purposes of not incurring federal income tax on investment company
taxable income and net capital gain of the Fund, if any, not
included in such regular distributions and (ii) for purposes of not
incurring federal excise tax on ordinary income and capital gain
net income, if any, not included in such regular monthly
distributions. The Board may amend the terms of the HTD Plan or
terminate the HTD Plan at any time.
*****
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.jhinvestments.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 Financial and Manulife
Financial
John Hancock
is a division of Manulife Financial Corporation, a leading
international financial services group that helps people achieve
their dreams and aspirations by putting customers' needs first and
providing the right advice and solutions. We operate primarily as
John Hancock in the United States and as Manulife elsewhere.
We provide financial advice, insurance, and wealth and asset
management solutions for individuals, groups, and institutions.
Assets under management and administration by Manulife and its
subsidiaries were over CAD$1.3
trillion (US$1.0 trillion) as
of March 31, 2021. Manulife Financial
Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945
on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
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SOURCE John Hancock Investment Management