JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE MONTHLY DISTRIBUTIONS Investing.com
Declaration date: |
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Ex Date: |
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Recording date: |
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Date of payment: |
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Ticker |
Fund Name |
Distribution |
Change from |
Market price as |
Annual electricity |
HPF |
Privileged income fund II |
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– |
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8.95% |
HPS |
Privileged Income Fund III |
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– |
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8.78% |
PDT |
Premium Dividend Fund |
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– |
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7.77% |
HTD |
Tax-advantaged dividend income fund |
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– |
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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
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
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
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