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John Hancock Premium Dividend Fund Distribution Update

In a recent announcement, the John Hancock Premium Dividend Fund (NYSE: PDT), managed by John Hancock Investment Management LLC, updated its shareholders regarding the monthly distribution. On May 30, 2025, the Fund will distribute $0.0825 per common share for the month of May 2025, a vital update for its shareholders. This payment is aligned with the Fund’s ongoing managed distribution plan, which aims to provide regular income to investors.

Important Details About the Distribution

The announcement specifies that all shareholders registered as of May 12, 2025, will be eligible to receive this distribution. This move is in compliance with the requirements set out in an exemptive order issued by the U.S. Securities and Exchange Commission, ensuring clarity and transparency for investors.

Breakdown of Distribution Sources

The estimated sources of this month's distribution are outlined as follows:

• - Net Investment Income: $0.0701 (85% of the current distribution)
• - Net Realized Short-Term Capital Gains: $0.0124 (15% of the current distribution)
• - Net Realized Long-Term Capital Gains: $0.0000 (0% of the current distribution)
• - Return of Capital or Other: $0.0000 (0% of the current distribution)

Cumulatively, for the fiscal year to date (from November 1, 2024, to May 31, 2025), the breakdown is as follows:

• - Net Investment Income: $0.3817 (66%)
• - Net Realized Short-Term Capital Gains: $0.0822 (14%)
• - Net Realized Long-Term Capital Gains: $0.0210 (4%)
• - Return of Capital or Other: $0.0926 (16%)

These figures indicate that a significant portion of the distributions comes from net investment income, which reflects the Fund's overall performance and financial health.

Fund Performance and Investment Strategy

Regarding the Fund’s investment performance, the average annual total return in relation to Net Asset Value (NAV) for the five-year period, ending April 30, 2025, stood at an impressive 10.88%. As of the same date, the annualized current distribution rate was reported at 7.42%. These metrics symbolize a commitment to providing shareholders with reliable returns.

Moreover, the cumulative total return for the fiscal year through April 30, 2025, is 2.06%, while the distribution rate year-to-date is noted at 4.33% of NAV.

Disclaimer on Distributions

It is important for investors to note that the Fund has indicated it has distributed more than its earned income and realized capital gains. Consequently, part of the distributions may constitute a return of capital. A return of capital indicates that some or all of the initial investment is being returned to shareholders, which is crucial for them to understand, as it does not reflect the investment performance.

Investors are encouraged to consult their financial professionals or contact the Manulife John Hancock Closed-End Fund Information Line if they have questions or need further information.

Reiterating the Value of Transparency

In all communications, the Fund aims to maintain transparency with its shareholders, aligning with best practices of investor relations. By issuing such timely notices and annual updates, John Hancock Investment Management emphasizes its commitment to providing informed financial solutions.

For the latest information, interested investors can visit manulifeim.com to access further details concerning their investment and the Fund’s operational strategies. This approach not only ensures clarity but also empowers shareholders to make informed decisions regarding their financial futures.

In conclusion, shareholders of the John Hancock Premium Dividend Fund can expect continued transparency regarding distributions as the Fund strives to uphold its performance standards and fulfill its fiduciary responsibilities toward its investors.