John Hancock Closed-End Funds Announce Monthly Distribution Details for April 2025
On April 1, 2025, John Hancock Investment Management announced the monthly distributions for its closed-end funds, outlining the amounts for each fund, declaration dates, and payment schedules. This initiative emphasizes the firm's commitment to providing consistent returns to investors while maintaining transparency regarding the components of these distributions.
The funds included in this announcement are:
1. Preferred Income Fund I (Ticker: HPI)
- Distribution Per Share: $0.1235
- Market Price as of March 31, 2025: $16.59
- Annualized Current Distribution Rate: 8.93%
2. Preferred Income Fund II (Ticker: HPF)
- Distribution Per Share: $0.1235
- Market Price as of March 31, 2025: $16.62
- Annualized Current Distribution Rate: 8.92%
3. Preferred Income Fund III (Ticker: HPS)
- Distribution Per Share: $0.1100
- Market Price as of March 31, 2025: $15.00
- Annualized Current Distribution Rate: 8.80%
4. Premium Dividend Fund (Ticker: PDT)
- Distribution Per Share: $0.0825
- Market Price as of March 31, 2025: $13.08
- Annualized Current Distribution Rate: 7.57%
5. Tax-Advantaged Dividend Income Fund (Ticker: HTD)
- Distribution Per Share: $0.1380
- Market Price as of March 31, 2025: $23.93
- Annualized Current Distribution Rate: 6.92%
The ex-dividend date for all funds is set for April 11, 2025, while the record date also falls on the same date. Payments will be made on April 30, 2025. This set schedule allows investors to plan their financial strategies around these predictable income distributions.
John Hancock follows a managed distribution plan which varies based on each fund, involving net investment income, realized short-term and long-term capital gains, and potentially a return of capital. Such transparency is vital, as investors need to be aware that returns may not solely originate from income or gains generated by the funds. It is advised that shareholders should pay particular attention to notices issued at the time of distribution regarding the estimated components.
The announcement also serves to remind investors of the vital information regarding taxation. John Hancock is committed to ensuring investors receive clear guidelines on how to report distributions for tax purposes, which is particularly crucial when distributions include returns of capital that differ from regular income flows.
Investors are encouraged to review the investment objectives, risks, fees, and expenses associated with each fund before making investment decisions. By equipping investors with comprehensive information, John Hancock ensures they can navigate their financial paths with greater confidence.
This dedication to transparency and investor education highlights John Hancock's commitment to financial stewardship and responsible investment management. The firm stands firm in its approach to enhance the financial well-being of its clients by offering robust investment options backed by management expertise and market knowledge.
The funds included in this announcement are:
1. Preferred Income Fund I (Ticker: HPI)
- Distribution Per Share: $0.1235
- Market Price as of March 31, 2025: $16.59
- Annualized Current Distribution Rate: 8.93%
2. Preferred Income Fund II (Ticker: HPF)
- Distribution Per Share: $0.1235
- Market Price as of March 31, 2025: $16.62
- Annualized Current Distribution Rate: 8.92%
3. Preferred Income Fund III (Ticker: HPS)
- Distribution Per Share: $0.1100
- Market Price as of March 31, 2025: $15.00
- Annualized Current Distribution Rate: 8.80%
4. Premium Dividend Fund (Ticker: PDT)
- Distribution Per Share: $0.0825
- Market Price as of March 31, 2025: $13.08
- Annualized Current Distribution Rate: 7.57%
5. Tax-Advantaged Dividend Income Fund (Ticker: HTD)
- Distribution Per Share: $0.1380
- Market Price as of March 31, 2025: $23.93
- Annualized Current Distribution Rate: 6.92%
The ex-dividend date for all funds is set for April 11, 2025, while the record date also falls on the same date. Payments will be made on April 30, 2025. This set schedule allows investors to plan their financial strategies around these predictable income distributions.
John Hancock follows a managed distribution plan which varies based on each fund, involving net investment income, realized short-term and long-term capital gains, and potentially a return of capital. Such transparency is vital, as investors need to be aware that returns may not solely originate from income or gains generated by the funds. It is advised that shareholders should pay particular attention to notices issued at the time of distribution regarding the estimated components.
The announcement also serves to remind investors of the vital information regarding taxation. John Hancock is committed to ensuring investors receive clear guidelines on how to report distributions for tax purposes, which is particularly crucial when distributions include returns of capital that differ from regular income flows.
Investors are encouraged to review the investment objectives, risks, fees, and expenses associated with each fund before making investment decisions. By equipping investors with comprehensive information, John Hancock ensures they can navigate their financial paths with greater confidence.
This dedication to transparency and investor education highlights John Hancock's commitment to financial stewardship and responsible investment management. The firm stands firm in its approach to enhance the financial well-being of its clients by offering robust investment options backed by management expertise and market knowledge.
Topics Financial Services & Investing）
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