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Overview of the John Hancock Premium Dividend Fund's Distribution

The John Hancock Premium Dividend Fund (NYSE: PDT), managed by John Hancock Investment Management LLC in conjunction with Manulife Investment Management, has provided key insights into its monthly distribution to shareholders. On May 29, 2026, the Fund will pay a monthly distribution of $0.0825 per share to all shareholders on record as of May 11, 2026. This communication is made in accordance with the requirements set by the U.S. Securities and Exchange Commission under an exemptive order.

Details of the Distribution

The distribution announced represents an important aspect of the Fund's managed distribution plan, which aims to provide consistent returns to shareholders. For the month of May 2026, shareholders can expect this fixed monthly payment of $0.0825. No actions are required from shareholders regarding this distribution, ensuring a smooth benefit.

Breakdown of Distribution Sources

The sources of the distribution can be broken down as follows:

• - Net Investment Income: $0.0699 (85% of the distribution)
• - Net Realized Short-Term Capital Gains: $0.0007 (1% of the distribution)
• - Net Realized Long-Term Capital Gains: $0.0119 (14% of the distribution)
• - Return of Capital or Other Capital Sources: $0.0000 (0% of the distribution)

This structured source allocation illustrates the Fund's commitment to generating income for its shareholders. For the fiscal year-to-date, cumulative distributions are also noteworthy:

• - Total Cumulative Distributions: $0.5775
• - Percentage Breakdown:

- Net Investment Income: 72%
- Short-term Capital Gains: 4%
- Long-term Capital Gains: 24%
- Return of Capital: 0%

These percentages highlight the Fund's overall performance through the fiscal year, which began on November 1, 2025, and will conclude on October 31, 2026.

Fund Performance Metrics

Investors should be aware of the significant performance indicators released by the Fund:

• - Average annual total return over the past five years as of April 30, 2026: 8.67%
• - Annualized current distribution rate as a percentage of NAV as of April 30, 2026: 6.64%
• - Cumulative total return through April 30, 2026: 10.65%
• - Cumulative fiscal year to date distribution rate as a percentage of NAV: 3.87%

Each of these metrics provides a useful framework for evaluating the performance of the Fund, reflecting its ability to generate returns for investors.

Understanding Return of Capital

Investors should take note that the Fund has indicated it has distributed more than its income and net realized capital gains. Hence, part of the distribution may be categorized as a return of capital. It's crucial to understand that a return of capital means that some or all of the original investment may be returned to shareholders, and this should not be mistaken for yield or income.

Future distributions can be subject to fluctuations based on the Fund’s ongoing investment performance and tax regulations. A Form 1099-DIV will be provided for tax reporting purposes by the end of the calendar year.

Contact Information and Investor Support

For any inquiries or additional information regarding the Fund or distributions, investors are encouraged to connect with their financial advisors or utilize the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090, available Monday to Friday, 8 AM to 7 PM (Eastern Time).

Conclusion

In conclusion, the John Hancock Premium Dividend Fund remains a key player in attracting investor interest through its steady distribution strategy. With a comprehensive overview of its financial performance and the sources of distributions, shareholders are equipped with essential information to navigate their investments confidently. As always, potential investors should consider a Fund’s investment objectives, risks, charges, and expenses before making investment decisions.