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John Hancock Premium Dividend Fund Distribution Announcement

On March 31, 2026, the John Hancock Premium Dividend Fund (NYSE: PDT) updated its shareholders regarding the sources of its recent monthly distribution. Managed by John Hancock Investment Management LLC and supported by Manulife Investment Management (US) LLC, this closed-end fund continues to implement its managed distribution plan.

Monthly Distribution Details

The Fund has declared a monthly distribution of $0.0825 per share to be allocated to shareholders recorded as of March 12, 2026. This distribution has emerged as part of the structured strategy aimed at providing predictable payouts while ensuring transparency regarding the sources behind these distributions.

Important Dates

• - Declaration Date: March 2, 2026
• - Payment Date: March 31, 2026

Shareholders do not need to take any action in response to this notification, as it serves primarily to inform them of pertinent distribution details.

Breakdown of Distribution Sources

To give shareholders clarity, here's a summary of the sources contributing to the distribution amounts:

• - Net Investment Income: $0.0789 (96%)
• - Net Realized Short-Term Capital Gains: $0.0000 (0%)
• - Net Realized Long-Term Capital Gains: $0.0011 (1%)
• - Return of Capital or Other Capital Source: $0.0025 (3%)

This distribution is reflective of the ongoing investment strategy of the Fund, where a significant portion of the payouts derives from net investment income. As a result, shareholders should be aware that some distributions may involve a return of capital, which indicates that a segment of their investment is being reimbursed.

Fiscal Year Performance

The current fiscal year for the Fund commenced on November 1, 2025, and is projected to conclude on October 31, 2026. As of February 28, 2026, the Fund reported:

• - Average annual total return: 11.55%
• - Current distribution rate (as a percentage of NAV): 6.55%
• - Cumulative fiscal year-to-date distribution: 2.73%

These metrics illustrate the investment landscape in which shareholders are participating, providing context to the ongoing decision-making processes underlying the Fund’s operations.

Key Considerations for Shareholders

It’s crucial for investors to understand that while the distribution rates and performance figures are informative, they do not reflect the actual investment performance in totality. The declared distribution amounts and sources may evolve depending on the Fund's financial activities as the fiscal year continues.

The John Hancock Premium Dividend Fund will deliver a Form 1099-DIV at calendar year's end, which will stipulate how to report these distributions for federal tax purposes. As always, those with questions regarding their investments or wishing for more comprehensive insights are encouraged to connect with their financial representatives or the dedicated customer service lines.

Final Thoughts

As the financial environment continues to change, John Hancock remains committed to ensuring fiduciary responsibility and exceptional management of the assets within its funds. The diverse strategies implemented aim at catering to the varied needs of its investors while adapting to market fluctuations. The transparency provided in these documents highlights our commitment to keeping our shareholders informed and engaged, as we navigate the complex investment landscape together.

For further inquiries, shareholders may reach out via Manulife John Hancock's dedicated information line at 1-800-843-0090 during business hours.

Conclusion

In summary, the John Hancock Premium Dividend Fund continues its tradition of clear and consistent communication with its shareholders, providing useful insights into distribution strategies and performance metrics. By understanding the factors behind each distribution, investors can make more educated decisions regarding their financial futures.