John Hancock Announces Monthly Distributions for Closed-End Funds in May 2025
In a recent announcement from John Hancock Investment Management, two of its closed-end funds have declared their monthly distributions for May 2025. The declaration was made on May 1, with the funds scheduled to pay out their distributions later in the month. The John Hancock Premium Dividend Fund has set its distribution at $0.0825 per share under its managed distribution plan called the PDT Plan. This rate will continue monthly until further notice. The premium dividend fund's distributions may include various components such as net investment income, net realized capital gains, and potentially a return of capital.
The crucial dates related to these distributions are as follows:
For the John Hancock Tax-Advantaged Dividend Income Fund, the declared monthly distribution is $0.1380 per share under the HTD Plan. This also will be sustained until further notice and may consist of similar components as mentioned for the Premium Dividend Fund.
The foundation for these managed distribution plans allows the funds to make monthly payouts that could include a mix of net investment income and capital gains, along with a return of capital when necessary. Additional distributions may be made as well, primarily to avoid federal income tax implications related to taxable income and capital gains not captured in the regular distributions.
It's important for investors to recognize that a portion of any distribution could come from sources aside from just net investment income. This could include a return of capital, which is not derived from the fund's earnings or gains. Consequently, shareholders will receive notifications detailing the estimated components of their distributions, particularly if it includes non-income sources, at the time of payment. These details will also be published on the funds' website, ensuring transparency.
Additionally, for tax reporting purposes, after the close of each year, investors will receive a Form 1099-DIV that will guide them on how to report these distributions for federal income tax. It is imperative that investors carefully consider the fund’s investment objectives, risks, and expenses prior to investing.
John Hancock Investments operates under the larger umbrella of Manulife Financial Corporation and exemplifies a partnership that combines an in-house management capability with an extensive array of specialized asset managers. The firm aims to deliver a diverse portfolio of investments that reflects both tradition and innovation in financial stewardship, serving both individual and institutional investors globally.
By maintaining a commitment to responsible investing, John Hancock Investment Management not only focuses on its clients' financial growth but also on tailoring strategies that promote sustainability and social responsibility across its investment programs. With headquarters in Toronto, the firm’s reach extends across 18 geographical areas, providing valuable expertise in both public and private markets.
As John Hancock continues to inform its investors of monthly distributions and maintain its high standards of communication, stakeholders can be assured of a steady flow of information that enhances their understanding of their investments.
Key Dates and Details
The crucial dates related to these distributions are as follows:
- - Declaration Date: May 1, 2025
- - Ex Dividend Date: May 12, 2025
- - Record Date: May 12, 2025
- - Payment Date: May 30, 2025
For the John Hancock Tax-Advantaged Dividend Income Fund, the declared monthly distribution is $0.1380 per share under the HTD Plan. This also will be sustained until further notice and may consist of similar components as mentioned for the Premium Dividend Fund.
The foundation for these managed distribution plans allows the funds to make monthly payouts that could include a mix of net investment income and capital gains, along with a return of capital when necessary. Additional distributions may be made as well, primarily to avoid federal income tax implications related to taxable income and capital gains not captured in the regular distributions.
Investors Should Note
It's important for investors to recognize that a portion of any distribution could come from sources aside from just net investment income. This could include a return of capital, which is not derived from the fund's earnings or gains. Consequently, shareholders will receive notifications detailing the estimated components of their distributions, particularly if it includes non-income sources, at the time of payment. These details will also be published on the funds' website, ensuring transparency.
Additionally, for tax reporting purposes, after the close of each year, investors will receive a Form 1099-DIV that will guide them on how to report these distributions for federal income tax. It is imperative that investors carefully consider the fund’s investment objectives, risks, and expenses prior to investing.
About John Hancock Investments
John Hancock Investments operates under the larger umbrella of Manulife Financial Corporation and exemplifies a partnership that combines an in-house management capability with an extensive array of specialized asset managers. The firm aims to deliver a diverse portfolio of investments that reflects both tradition and innovation in financial stewardship, serving both individual and institutional investors globally.
By maintaining a commitment to responsible investing, John Hancock Investment Management not only focuses on its clients' financial growth but also on tailoring strategies that promote sustainability and social responsibility across its investment programs. With headquarters in Toronto, the firm’s reach extends across 18 geographical areas, providing valuable expertise in both public and private markets.
As John Hancock continues to inform its investors of monthly distributions and maintain its high standards of communication, stakeholders can be assured of a steady flow of information that enhances their understanding of their investments.
Topics Financial Services & Investing）
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