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John Hancock Closed-End Funds Announce January 2025 Distributions

John Hancock Investment Management has officially declared monthly distributions for several of its closed-end funds today, January 2, 2025. These distributions are an important financial event for investors, and the details provide insights into how these funds are managing their income generation efforts.

Key Distribution Dates and Info

The following are key dates related to the distributions of the John Hancock closed-end funds:

• - Declaration Date: January 2, 2025
• - Ex Date: January 13, 2025
• - Record Date: January 13, 2025
• - Payment Date: January 31, 2025

These dates are crucial for investors to understand when they will receive distributions and when they need to be shareholders in order to qualify for those payments.

Monthly Distribution Details

This announcement includes several closed-end funds, each with their respective distribution amounts and performance metrics. Here are some highlights:

• - Preferred Income Fund II (HPF):

- Distribution per Share: $0.1235
- Market Price (as of 12/31/2024): $16.55
- Annualized Current Distribution Rate: 8.95%

• - Preferred Income Fund III (HPS):

- Distribution per Share: $0.1100
- Market Price: $15.03
- Annualized Current Distribution Rate: 8.78%

• - Premium Dividend Fund (PDT):

- Distribution per Share: $0.0825
- Market Price: $12.74
- Annualized Current Distribution Rate: 7.77%

• - Tax-Advantaged Dividend Income Fund (HTD):

- Distribution per Share: $0.1380
- Market Price: $22.02
- Annualized Current Distribution Rate: 7.52%

These distributions are part of the managed distribution plans these funds operate under to ensure a steady income stream to investors.

Understanding the Managed Distribution Plans

Both the Premium Dividend Fund and Tax-Advantaged Dividend Income Fund follow managed distribution plans. The Premium Dividend Fund, for instance, commits to a monthly payment of $0.0825 per share under its PDT Plan. Similarly, the Tax-Advantaged Dividend Income Fund distributes $0.1380 per share under its HTD Plan. These distributions are anticipated to last until further notice but can be adjusted or terminated by the Board if necessary.

Additional Insights into Distributions

The distributions can include more than just income from investments. In some cases, they may comprise net realized capital gains, short-term gains, and even returns of capital. It’s vital for investors to be aware that a return of capital is not considered a profit from the fund’s operations and should be treated differently regarding tax implications.

As part of compliance with the Investment Company Act of 1940, shareholders will receive notifications detailing the estimated components of any distribution that does not consist solely of net investment income. These details can aid investors in accurately preparing their tax returns and understanding the nature of their financial returns from these funds.

Conclusion

Investors looking into John Hancock's closed-end funds should carefully consider the distribution announcements, as they offer insight into ongoing financial performance and investment management strategies. By keeping up to date with these declarations, shareholders can effectively position themselves in their investment strategies to maximize returns and maintain compliance with tax regulations.

For more information, shareholders and potential investors can visit the John Hancock Investments website or connect with their financial advisors for personalized advice.