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Overview of the John Hancock Tax-Advantaged Dividend Income Fund

The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end fund managed by John Hancock Investment Management LLC. As of April 30, 2025, the fund announced its monthly distribution of $0.1380 per share to shareholders recorded as of April 11, 2025. This distribution is part of the fund’s managed distribution plan, which allows for a consistent payment schedule for its investors.

Distribution Details

The recent distribution notice outlines important details for shareholders regarding the payment due on April 30, 2025. Shareholders are contacted directly involving no required actions on their part to receive their dividends.

Breakdown of the Distribution

The distribution comprises several key elements of income sources. Below is a detailed analysis of how the raised funds will be allocated:

• - Net Investment Income: This segment contributes $0.0481 per share which accounts for 35% of the total distribution. The net investment income has cumulated to $0.5850 per share for the fiscal year.

• - Net Realized Short-Term Capital Gains: With a contribution of $0.0129 per share, this portion represents 9% of the current distribution. Cumulatively, this section has yielded $0.1347 for the fiscal year-to-date.

• - Net Realized Long-Term Capital Gains: At $0.0320 per share, this part amounts to 23% of the total distribution for the current month. The total for this category stands at $0.1083 per share for the current fiscal year.

• - Return of Capital or Other Capital Sources: This component is particularly notable as it contributes $0.0450 or 33% of the current distribution. This segment has not produced any cumulative distribution thus far this fiscal year.

Summary of Current and Cumulative Distributions

In summary, the total per common share distribution for April is $0.1380, with an overall cumulative distribution of $0.8280 thus far into the fiscal year, which reflects the fund's strategy under its managed distribution plan.

Performance Metrics

The fund reported an average annual total return (based on NAV) of 14.54% for the five years leading to March 31, 2025. Additionally, the annualized current distribution rate expressed as a percentage of NAV stands at 6.50%. Through March 31, 2025, this reflects a cumulative total return of 6.05% based on NAV, indicating the fund's robust investment performance within that timeframe.

Importance of the Distribution Notice

Both shareholders and potential investors should approach these distribution figures with careful consideration. Importantly, an investor should recognize that a portion of such distributions could represent a return of capital, which does not signify income or yield. Actual distributions for tax reporting will vary and will be delineated comprehensively in a future Form 1099-DIV.

Accessibility of Information

For any shareholder inquiries, it is suggested to reach out to your financial advisor or contact the Manulife John Hancock Closed-End Fund Information Line during standard business hours. It is crucial for investors to comprehend their investment objectives along with risks and expenses as they pertain to the fund before making commitments.

Conclusion

The structured strategy of the John Hancock Tax-Advantaged Dividend Income Fund signifies its commitment to deliver regular income to its shareholders while navigating through current market conditions. The distributions outlined highlight the effectiveness of its managed distribution plan and the importance of shareholder notifications in maintaining transparency.