John Hancock Tax-Advantaged Dividend Income Fund Announces June 2025 Distribution Sources
John Hancock Tax-Advantaged Dividend Income Fund: June 2025 Distribution Notification
Overview
The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) has issued an announcement for its shareholders regarding the distribution details for June 2025. Managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, this closed-end fund is known for its tax-advantaged offerings.
On June 30, 2025, the fund plans to distribute $0.1380 per share to all eligible shareholders recorded as of June 12, 2025, under the guidelines of its managed distribution plan. This press release is part of the compliance requirements set by the U.S. Securities and Exchange Commission.
Key Distribution Information
The fund's distribution for June 2025 is part of a regular schedule, continuing its efforts to provide consistent returns to its investors. The breakdown of the distribution is as follows:
- - Distribution Amount: $0.1380 per common share
- - Distribution Period: June 2025
The distribution for this period entails various sources, which include net investment income, short-term and long-term capital gains, and a return of capital. The distribution details are important for shareholders to understand how their dividends are generated.
Breakdown of Distribution Sources
| Source | Current Distribution ($) | % Breakdown of Current Distribution | Cumulative Distributions ($) | % Breakdown of Cumulative Distributions |
|---|---|---|---|---|
| ------- | ------ | ------- | ------- | --------- |
| Net Investment Income | 0.1093 | 79% | 0.8311 | 75% |
| Net Realized Short-Term Gains | 0.0039 | 3% | 0.1868 | 17% |
| Net Realized Long-Term Gains | 0.0000 | 0% | 0.0861 | 8% |
| Return of Capital | 0.0248 | 18% | 0.0000 | 0% |
| Total | 0.1380 | 100% | 1.1040 | 100% |
Investment Performance Context
It's vital for shareholders to consider the context of these distributions. The fund indicates that it has distributed more than its income and net realized capital gains, which suggests part of the current distribution may be a return of capital. A return of capital occurs when funds invested in the fund are returned to the investors, and it's crucial for shareholders to differentiate this from traditional income or yield.
Annual Return Insights
As of May 31, 2025, the fund's average annual total return relative to NAV stood at an impressive 11.37%. Furthermore, the annualized current distribution rate as a percentage of NAV was noted at 6.66%, emphasizing the fund's commitment to delivering reliable income streams to its shareholders.
Conclusion
The John Hancock Tax-Advantaged Dividend Income Fund has reaffirmed its commitment to shareholder returns through consistent distributions derived from various sources. Those interested should stay abreast of their financial professional for further clarification on how these figures might impact their taxes and overall investment strategy. For inquiries, investors can connect with the Manulife John Hancock Closed-End Fund Information Line during business hours.
In summary, the June 2025 distribution report highlights the fund's active management and strategic efforts to generate income for its investors, while also adhering to regulatory and compliance standards set by the SEC.
Topics Financial Services & Investing）
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