John Hancock Tax-Advantaged Dividend Income Fund Discloses Monthly Distribution Details for Shareholders

Monthly Distribution Notice for John Hancock Tax-Advantaged Dividend Income Fund

The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), which is managed by John Hancock Investment Management LLC, announced its monthly distribution details for December 2024, making it clear that investors can expect a consistent flow of dividends. As part of its managed distribution plan, the fund has declared a distribution of $0.1380 per share for all shareholders of record as of December 12, 2024. This notification serves to inform shareholders about the upcoming distribution as required by an exemptive order obtained from the U.S. Securities and Exchange Commission.

Distribution Breakdown

According to the recent announcement, the distribution will be paid on December 31, 2024, and it totals $0.1380 per common share. This release includes vital information regarding the estimated sources of the distribution. A detailed breakdown reveals that the distribution will stem from various income types, providing transparency to shareholders about what supports their returns. The following summarizes the estimated sources for distribution:

1. Net Investment Income: $0.1079 (78% of the distribution)
2. Net Realized Short-Term Capital Gains: $0.0236 (17% of the distribution)
3. Net Realized Long-Term Capital Gains: $0.0065 (5% of the distribution)
4. Return of Capital or Other Capital Source: $0.0000 (0% of the distribution)

Combined, these sources represent a significant allocation of the funds to ensure regular monthly payouts to investors. The report indicates that this structured approach to distribution is in line with the fund's management strategy, aiming to provide a stable income stream for its shareholders.

Performance Insights

To date, the fund has reported an average annual total return of 7.51%, which reflects solid performance over the past five years ending November 30, 2024. The annualized current distribution rate is positioned at 6.43% of the net asset value (NAV), demonstrating a commitment to delivering consistent returns.

As of the current fiscal year, which commenced on November 1, 2024, the goodwill of this approach is mirrored in a cumulative total return of 4.78% in relation to NAV. Although past performance can provide insights, it's essential for investors to not draw premature conclusions about future performance based solely on the distribution amounts or terms of the managed distribution plan.

Reporting and Tax Considerations

It's important to note that the amounts indicated in the distribution notice are preliminary estimates and should not be relied upon for tax reporting purposes. Actual figures will be determined based on the fund's investment activities for the remainder of the fiscal year and may be subject to changes based on relevant tax regulations. The fund will provide shareholders with Form 1099-DIV for the calendar year, outlining the necessary tax reporting requirements.

If shareholders have inquiries or require additional information on this distribution announcement or any other matters, they are encouraged to contact their financial advisors or reach out directly to the John Hancock Investment Management Closed-End Fund Information Line during business hours.

In summary, the John Hancock Tax-Advantaged Dividend Income Fund continues to uphold its mandate of delivering predictable income to its shareholders while navigating the complexities of investment strategies. This demonstrates their ongoing commitment to financial transparency and shareholder satisfaction as they progress through the fiscal year ahead.