John Hancock Fund Announces Monthly Dividend Distribution for November 2024
Monthly Distribution Announcement from John Hancock
The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), a closed-end fund overseen by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, has recently shared important updates regarding its monthly distribution for the month of November 2024. The fund has declared a distribution of $0.1380 per share, scheduled for payment on November 29, 2024, to all shareholders recorded as of November 12, 2024. This announcement aligns with the fund's managed distribution plan and adheres to regulations set by the U.S. Securities and Exchange Commission.
Key Information for Shareholders
This notice serves as essential communication for those holding shares in the John Hancock Tax-Advantaged Dividend Income Fund. Below are the critical details:
- - Distribution Period: November 2024
- - Distribution Amount per Common Share: $0.1380
Shareholders need not take any action following this announcement; the process is automatic under the established managed distribution plan.
Breakdown of Current Distribution Sources
A table outlining the sources contributing to the monthly distribution has also been provided. It includes the estimated figures for the current and cumulative distributions:
| Source of Distribution | Current Distribution ($) | % Breakdown of Current Distribution | Total Cumulative Distributions ($) | % Breakdown of Total Cumulative Distributions |
|---|---|---|---|---|
| ---------- | ------ | ------- | -------- | ----------- |
| Net Investment Income | 0.1368 | 99% | 0.1368 | 99% |
| Net Realized Short-Term Capital Gains | 0.0012 | 1% | 0.0012 | 1% |
| Net Realized Long-Term Capital Gains | 0.0000 | 0% | 0.0000 | 0% |
| Return of Capital or Other Capital Source | 0.0000 | 0% | 0.0000 | 0% |
| Total per Common Share | 0.1380 | 100% | 0.1380 | 100% |
Performance Indicators
As of October 31, 2024, the fund reported a five-year average annual total return relative to its NAV at 6.17%. The annualized current distribution rate expressed as a percentage of NAV is 6.70%. Additionally, cumulative total return for the fiscal year through the same date stands at 40.98%, with a cumulative fiscal year-to-date distribution rate at 0.56%.
Important Disclaimer
Investors are advised not to infer the fund's investment performance from the distribution amount or the specific terms of the managed distribution plan. The amounts and sources indicated are estimates and may fluctuate due to the fund’s investment performance and regulatory changes. The actual distribution figures that will be reported for tax purposes will be verified at the end of the fiscal year.
Conclusion
This monthly distribution declaration signifies John Hancock's commitment to providing consistent returns to its shareholders while maintaining transparency about its distribution processes. Investors seeking additional insights or assistance regarding their investments can reach out to their financial advisors or contact the John Hancock Investment Management information line at 1-800-843-0090, available weekdays from 8 AM to 7 PM ET.
Stay updated on further announcements and changes by following the fund's communications or visiting its official page.
For more information about John Hancock Investment Management and its strategic approach to asset management, visit the company's official website at manulife.com.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.