24Business

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE MONTHLY DISTRIBUTIONS Investing.com

BOSTON, January 2, 2025 /PRNewswire/ – The John Hancock closed-end funds listed below announced their monthly distributions today as follows:

Declaration date:

January 2, 2025

Ex Date:

January 13, 2025

Recording date:

January 13, 2025

Date of payment:

January 31, 2025

Ticker

Fund Name

Distribution
Per share

Change from
Prior distribution

Market price as
of 31.12.2024

Annual electricity
Distribution rate at
Market

HPF

Privileged income fund II

$0.1235

$16.55

8.95%

HPS

Privileged Income Fund III

$0.1100

$15.03

8.78%

PDT

Premium Dividend Fund

$0.0825

$12.74

7.77%

HTD

Tax-advantaged dividend income fund

$0.1380

$22.02

7.52%

John Hancock Premium Dividend Fund

Premium Dividend Fund (the “Fund”) announced its monthly distribution in accordance with the Fund’s managed distribution plan (the “PDT Plan”). According to the PDT plan, the Fund makes monthly distributions of an amount equal to $0.0825 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, returns of capital.

The Fund may also make additional distributions (i) for the purpose of avoiding federal income tax on the taxable income of the investment company and the net capital gain of the Fund, if any, not included in such regular distributions and (ii) for the purpose of avoiding federal excise tax on ordinary income and net capital gains income, if any, not included in such regular monthly distributions.

The Board may modify 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”) announced its monthly distribution in accordance with the Fund’s managed distribution plan (the “HTD Plan”). According to 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 the purpose of avoiding federal income tax on the taxable income of the investment company and the net capital gain of the Fund, if any, not included in such regular distributions and (ii) for the purpose of avoiding federal excise tax on ordinary income and net capital gains income, if any, not included in such regular monthly distributions.

The Board may modify the terms of the HTD Plan or terminate the HTD Plan at any time.

A portion of the fund’s current distribution may include sources other than net investment income, including returns of capital. Investors should understand that return of capital is not a distribution of income or profit of the fund. As required by the Investment Company Act of 1940, notice of the estimated distribution components 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 on the Funds’ website at www.jhinvestments.com. The notice should not be used to prepare tax returns because the estimates provided in the notice may differ from the final characterization of the income tax distribution. After each calendar year ends, investors will be sent a Form 1099-DIV that tells 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 by definition forward-looking statements 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 that are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those indicated in the future. statements.

An investor should carefully consider the fund’s investment objectives, risks, fees and expenses before investing.

About John Hancock Investment Management
Company of Manulife Investment Managementwe serve investors through a unique multi-manager approach, complementing our extensive in-house capabilities with an unrivaled network of specialist asset managers, backed by some of the strictest investment oversight in the industry. The result is a diverse array of time-tested investments from a premier asset manager with a legacy of financial management.

About Manulife Investment Management
Manulife Investment Management is a global brand for the global wealth and asset management segment Manulife Financial Corporation (NYSE:). We draw on more than a century of financial management and all the resources of our parent company to serve individuals, institutions and pension plan members around the world. Headquarters in Torontoour leading capabilities in public and private markets are reinforced by an investment footprint spanning 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We are committed to responsible investment in our business. We develop innovative global sustainable investment frameworks, partner with companies in our securities portfolios and maintain a high standard of governance where we own and manage assets, and believe in supporting financial well-being through our workplace pension plans. Today, plan sponsors around the world rely on our pension plan administration and investment expertise to help their employees plan, save and live better in retirement. Not all offers are available in all jurisdictions. For additional information, visit manulifeim.com





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button