John Hancock Tax-Advantaged Dividend Income Fund Shareholder Update
On May 30, 2025, John Hancock Investment Management LLC released a significant notice regarding the Tax-Advantaged Dividend Income Fund (NYSE: HTD), informing all shareholders about the latest monthly distribution. This pertains to the amount of $0.1380 per share, aimed at shareholders on record as of May 12, 2025. This announcement adheres to the regulations established by an exemptive order from the U.S. Securities and Exchange Commission.
Distribution Highlights
The distribution is part of a managed distribution plan implemented by the Fund, through which fixed monthly distributions are provided to shareholders. In accordance with this plan, the announcement provides critical insights into the sources of the current distribution, set to be paid on May 30, 2025.
Key Distribution Details:
- - Distribution Period: May 2025
- - Amount Per Common Share: $0.1380
The press release compiles vital information organized into tabular format, outlining the current distribution's estimated sources, which include net investment income, net realized capital gains, and return of capital. It’s essential for shareholders to be aware of the breakdown to understand where their distribution is coming from.
Estimated Sources of Distribution
The Fund has provided a detailed table that breaks down the sources of its current distribution, payable on May 30, 2025. Below are the relevant figures for the current distribution along with cumulative distributions for the fiscal year-to-date:
Source | Current Distribution ($) | % Breakdown of Current Distribution | Total Cumulative Distributions ($) | % Breakdown of Total Cumulative Distributions |
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-------- | ------ | --------- | --------- | ---------- |
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Net Investment Income | 0.1343 | 97% | 0.7192 | 74% |
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Net Realized Short-Term Capital Gains | 0.0037 | 3% | 0.1809 | 19% |
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Net Realized Long-Term Capital Gains | 0.0000 | 0% | 0.0659 | 7% |
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Return of Capital or Other Capital Source | 0.0000 | 0% | 0.0000 | 0% |
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Total per Common Share: 0.1380 (100%)
Cumulative Total Return: The average annual total return (in relation to NAV) for the five years ending April 30, 2025, is reported at 11.95%, and the annualized current distribution rate as a percentage of NAV is noted at 6.72%.
Forward-Looking Statements & Investment Considerations
Shareholders are encouraged to exercise caution when interpreting this announcement that includes forward-looking statements. The actual outcomes may vary due to several factors beyond the Fund's control. Also, prior to investing, it is crucial to consider the Fund's investment objectives, risks, and other pertinent factors.
How to Obtain Further Information
For those seeking clarification or needing additional details, reaching out to a financial professional is advisable. Alternatively, inquiries can also be directed to the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090 during business hours.
Just as an important reminder, shareholders will receive a Form 1099-DIV at the end of the calendar year, elucidating how to report these distributions for federal income tax purposes.
In conclusion, the John Hancock Tax-Advantaged Dividend Income Fund continues to uphold its commitment to shareholders through regular and well-structured distributions, ensuring transparency and providing a roadmap of expectations moving forward.