#United States #Boston #John Hancock #Premium Dividend Fund #Preferred Income Fund

Overview

On June 2, 2025, John Hancock Investment Management announced the monthly distributions for several of their closed-end funds, shedding light on the financial landscape for investors. This timely declaration allows stakeholders to strategize their investment approaches as the month unfolds.

Details of the Distributions

The following funds have declared their monthly distributions:

• - Preferred Income Fund I (Ticker: HPI)

- Distribution Per Share: $0.1235
- Market Price as of May 30, 2025: $15.79
- Annualized Current Distribution Rate: 9.39%

• - Preferred Income Fund II (Ticker: HPF)

- Distribution Per Share: $0.1235
- Market Price: $15.73
- Annualized Current Distribution Rate: 9.42%

• - Preferred Income Fund III (Ticker: HPS)

- Distribution Per Share: $0.1100
- Market Price: $14.25
- Annualized Current Distribution Rate: 9.26%

• - Premium Dividend Fund (Ticker: PDT)

- Distribution Per Share: $0.0825
- Market Price: $13.16
- Annualized Current Distribution Rate: 7.52%

• - Tax-Advantaged Dividend Income Fund (Ticker: HTD)

- Distribution Per Share: $0.1380
- Market Price: $23.06
- Annualized Current Distribution Rate: 7.18%

These distributions are set to be paid to shareholders on June 30, 2025, with the record date for these distributions being June 12, 2025. It is crucial for investors to keep these dates in mind to maximize their investment returns.

Managed Distribution Plans Explained

The Premium Dividend Fund and the Tax-Advantaged Dividend Income Fund operate under specific managed distribution plans, which dictate their regular payout structures. For instance, the PDT Plan entails a monthly payment of $0.0825 per share, while the HTD Plan equally provides $0.1380 per share each month until any notices indicate otherwise.

Understanding the Components of the Distributions

It’s worth noting that the distributions could include various forms of income, such as:

• - Net investment income
• - Realized long-term and short-term capital gains
• - Return of capital, if necessary

While these components guide investors about the nature of their returns, they must understand that a return of capital does not reflect earnings or profits from these funds. For tax purposes, the specific elements of each distribution will be communicated to shareholders, ensuring they accurately report any earnings on their tax returns.

Important Investor Considerations

Investors are encouraged to carefully assess the investment objectives, risks, fees, and expenses of each fund before committing their capital. The financial landscape can be unpredictable, and understanding these nuances can aid in making informed decisions.

About John Hancock Investment Management

John Hancock Investment Management adopts a distinctive multimanager approach, combining comprehensive in-house capabilities with a network of specialized asset managers. This strategy seeks to provide a diverse array of historically reliable investment options, demonstrating a robust commitment to financial stewardship.

As part of Manulife Financial Corporation, the firm caters to investors globally, with a focus on simplifying decisions to enhance quality of life through informed investing. Their dedication extends beyond just providing investment opportunities; they aim to empower individuals in achieving a secure financial future.

Summary

As June 2025 approaches, John Hancock’s declaration of monthly distributions for its closed-end funds presents immediate opportunities for investors. The detailed payouts alongside the management plans are tailored to maximize shareholder returns while maintaining transparency regarding the sources of income. Stakeholders need to pay attention to distribution dates and plan accordingly to leverage these financial vehicles effectively.