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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 investment fund that is managed by John Hancock Investment Management LLC, with additional advisory services provided by Manulife Investment Management (US) LLC. This Fund primarily aims to deliver favorable tax-adjusted returns through a managed distribution plan.

January 2026 Distribution Announcement

On January 30, 2026, the Fund will distribute $0.1580 per share to all shareholders recorded as of January 12, 2026. This distribution is a part of the Fund’s ongoing managed distribution strategy. The announcement is crucial for shareholders as it provides insights into how their dividends are sourced.

Breakdown of Distribution Sources

These distributed funds are derived from multiple sources, ensuring a steady flow of income while adhering to U.S. Securities and Exchange Commission regulations. Here’s a breakdown of the current distribution sources for January:

• - Net Investment Income: Shares will receive $0.0385, which accounts for approximately 24% of the total distribution.
• - Net Realized Short-Term Capital Gains: A nominal amount of $0.0003 is anticipated, making up less than 1% of the distribution.
• - Net Realized Long-Term Capital Gains: This source contributes $0.0015 or about 1% of the overall distribution.
• - Return of Capital or Other Capital Source: The major portion of the distribution, $0.1177, stems from this source, making up 75% of the total distribution amount.

The estimates highlight that 70% of cumulative distributions paid this fiscal year to date derive from net investment income. This information is significant as it reflects the Fund's sustainability and operational efficiency in generating shareholder returns.

Annual Returns and Financial Health

The average annual total return relative to the Net Asset Value (NAV) for the five years ending December 31, 2025, stands impressively at 10.19%. Additionally, as of December 31, 2025, the annualized current distribution rate is 7.45%, showcasing the Fund's robust income generation capabilities. However, it's also vital to note that the cumulative total return through the fiscal year was -0.69%—a signal for shareholders to remain mindful of market fluctuations.

Further Guidance for Shareholders

Investors are encouraged not to interpret the announced distribution amounts as definitive indicators of investment performance, as these figures are estimates and subject to changes, particularly regarding tax implications. For any tax reporting, the Fund will provide a Form 1099-DIV at year-end to assist shareholders in reporting distributions accurately for federal income tax purposes.

The Fund's Commitment to Investors

The ongoing distributions reflect the Fund’s commitment to its investors and its intent to provide reliable income streams. As per its managed distribution plan, fixed monthly distributions are set at $0.1580 per share and will continue until further notice.

For any inquiries or further information, shareholders are advised to contact their financial advisers or call the Manulife John Hancock Closed-End Fund Information Line. Maintaining engagement with financial professionals can help investors navigate their investments strategically and effectively.

About John Hancock Investment Management

As part of the broader Manulife Financial Corporation, John Hancock Investment Management prides itself on delivering tailored investment solutions to a diverse client base—including individuals, institutions, and retirement plan members. By merging extensive in-house capabilities with an extensive network of specialized asset managers, the Fund aims to deliver a balanced approach to investment stewardship and risk management.

Conclusion

The announcement of the January 2026 distribution serves as a reminder of the enduring opportunities within the John Hancock Tax-Advantaged Dividend Income Fund. Shareholders should remain proactive and informed about the financial updates to maximize their investment experiences.