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Exploring the Details of the Recent Dividend Distribution from John Hancock Tax-Advantaged Income Fund

Understanding the John Hancock Tax-Advantaged Dividend Income Fund's Latest Distribution

On July 31, 2025, the John Hancock Tax-Advantaged Dividend Income Fund, traded on the NYSE under the ticker HTD, issued an important announcement regarding its monthly dividend distribution. Managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, this closed-end fund provides shareholders with valuable insights into the sources of their distribution payments.

Key Distribution Information

The fund declared a monthly distribution of $0.1580 per share for shareholders who were on record by July 11, 2025. This press release is a requirement stemming from an exemptive order that the fund received from the U.S. Securities and Exchange Commission.

Breakdown of the Sources of Distribution

According to the notice, dated July 1, 2025, the fund provided a comprehensive view of how the distribution amount was sourced. Here is a summarized breakdown of the estimated sources for the current distribution, as well as the fiscal year-to-date statistics:

Source	Current Distribution ($)	% of Current	Total Cumulative ($)	% of Total Cumulative
-------	------	--	-----	-----
Net Investment Income	0.0507	32%	0.8802	70%
Net Realized Short-Term Capital Gains	0.0359	23%	0.2263	18%
Net Realized Long-Term Capital Gains	0.0000	0%	0.1555	12%
Return of Capital or Other Capital Source	0.0714	45%	0.0000	0%
Total per Common Share	0.1580	100%	1.2620	100%

Implications for Shareholders

This table illustrates that a significant portion of this month's distribution comes from net investment income and a notable return of capital, which constitutes 45% of the current distribution. It is crucial for investors to recognize that returns of capital represent the return of the original investment rather than profit earned. Therefore, this distribution should not be viewed solely as yield or income.

For the fund's current fiscal year, which kicked off on November 1, 2024, until July 31, 2025, shareholders have received a cumulative total return of 6.39%, with an annualized current distribution rate of 7.56% as of June 30, 2025. Such figures highlight the fund's commitment to providing consistent payouts to its investors while navigating market conditions.

Important Considerations

Investors are advised to remain cautious when interpreting these figures. The one-month distribution may not adequately reflect the fund's overall investment performance. The actual amounts of the distributions will rely heavily on the performance of the fund’s portfolio and investment experience in the upcoming months. Consequently, distributions and their sources may vary based on changing tax regulations and fund performance.

Future Outlook

As per the fund's managed distribution plan, the fixed monthly distribution of $0.1580 per share will continue until further notice. Shareholders who have questions regarding their investments or require more detailed information are encouraged to reach out to their financial advisors or contact the Manulife John Hancock Closed-End Fund Information Line.

In conclusion, the John Hancock Tax-Advantaged Dividend Income Fund maintains a robust strategy to reward its shareholders, emphasizing the importance of understanding the sources of their dividends within the framework of the broader market context. As always, personal investment decisions should align with an individual’s financial goals and risk tolerance. With the ever-changing dynamics of investment, keeping abreast of such updates is essential for informed investment practices.