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John Hancock Diversified Income Fund Announces Q1 Distribution to Shareholders

Overview of John Hancock Diversified Income Fund's Q1 Distribution

In a recent announcement, the John Hancock Diversified Income Fund (NYSE: HEQ), a prominent closed-end fund managed by John Hancock Investment Management LLC, has provided significant updates regarding its quarterly distribution for shareholders. This announcement is particularly of interest for investors keen to understand the distribution dynamics within closed-end funds and those specifically observing the performance of HEQ.

Key Highlights of the Announcement

On March 31, 2025, the fund declared a distribution of $0.2500 per share. This payout is due to be paid to all shareholders who held shares as of March 13, 2025, in accordance with the fund’s managed distribution plan.

The essential details of the quarterly distribution are as follows:

- Distribution Period: March 2025
- Distribution Amount: $0.2500 per common share

Sources of Distribution

This notice includes critical information concerning the sources from which this distribution is made, simplifying understanding for investors. Notably, the current distribution and cumulative distributions within this fiscal year are categorized into several sources:

Source	Current Distribution ($)	% Breakdown of Current Distribution	Total Cumulative Distributions ($)	% Breakdown of Cumulative Distributions
--------	------	--------	-------	-----------
Net Investment Income	0.1318	53%	0.1318	53%
Net Realized Short-Term Gains	0.0000	0%	0.0000	0%
Net Realized Long-Term Gains	0.0000	0%	0.0000	0%
Return of Capital	0.1182	47%	0.1182	47%

Performance Metrics and Expectations

The distribution for March 2025 signifies important metrics relevant to the fund's ongoing performance:

- Average Annual Total Return (for the 5 years to Feb 28, 2025): 7.78%
- Annualized Current Distribution Rate expressed as a percentage of NAV: 8.31%
- Cumulative Total Return for the fiscal year through February 28, 2025: 3.44%
- Cumulative Distribution Rate expressed as a percentage of NAV up to the same date: 2.08%

Investors must note that the disclosed amount may reflect a return of capital, hence suggesting that some of their initial investment could be refunded through this distribution. Therefore, it's essential to differentiate such elements from traditional yield or income, especially in the context of investment performance.

Future Considerations

The announced distribution reflects the management's strategy of ensuring consistent returns while navigating through various market conditions. Nevertheless, the exact amounts and sources may shift in line with the Fund's investment experiences during the remaining fiscal year. Investors can expect communication from the fund regarding tax reporting purposes as the year progresses.

John Hancock emphasizes the importance of understanding these distributions in the context of individual investment objectives, risks, and the broader financial environment. The managed distribution plan assures fixed quarterly disbursements, while still reminding shareholders of the inherent market uncertainties that could affect overall fund performance.

Contact Information

For further inquiries, shareholders are encouraged to reach out to their financial advisors or directly contact the John Hancock Investment Management Closed-End Fund Information Line at 1-800-843-0090, available Monday through Friday.

Conclusion

The John Hancock Diversified Income Fund's recent announcement serves as a pivotal moment for current and prospective shareholders to gauge anticipated returns. With ongoing market fluctuations, investors are urged to remain informed and aligned with their investment strategies as they navigate their portfolios through varying economic landscapes.