John Hancock Closed-End Funds Announce Monthly Distributions for July 2025
John Hancock Closed-End Funds Declare Monthly Distributions
On July 1, 2025, John Hancock Investment Management announced its monthly distributions for several closed-end funds, reinforcing its commitment to providing investors with reliable returns. In this announcement, John Hancock has outlined the declaration date, ex date, record date, and payment date for its distributions.
Key Details of the Monthly Distributions
- - Declaration Date: July 1, 2025
- - Ex Date: July 11, 2025
- - Record Date: July 11, 2025
- - Payment Date: July 31, 2025
Distribution Breakdown
Below is a summary of the distributions declared by the various funds:
| Ticker | Fund Name | Distribution Per Share | Market Price as of 6/30/2025 | Annualized Current Distribution Rate |
|---|---|---|---|---|
| -- | ------ | ---- | ------- | ---------- |
| HPI | Preferred Income Fund I | $0.1235 | $15.99 | 9.27% |
| HPF | Preferred Income Fund II | $0.1235 | $15.81 | 9.37% |
| HPS | Preferred Income Fund III | $0.1100 | $14.26 | 9.26% |
| PDT | Premium Dividend Fund | $0.0825 | $13.17 | 7.52% |
Insights on Fund Operations
The Premium Dividend Fund, represented by the ticker PDT, follows a managed distribution plan that allows it to issue regular monthly payments. Under this plan, the fund will continue making distributions at the rate of $0.0825 per share until notified otherwise.
The components of these distributions can include net investment income, net realized long-term capital gains, and, if necessary, returns of capital. It is noteworthy for investors to understand that a return of capital does not represent an income distribution. Distributions are crafted to ensure the fund avoids federal taxation constraints on investment company taxable income and net capital gains not realized in regular distributions.
Important Considerations for Investors
Investors are cautioned to recognize that while these distributions reflect the fund's profitability, a segment may stem from sources beyond net investment income. In compliance with the Investment Company Act of 1940, John Hancock will issue a notice with the detailed breakdown of the distribution components, particularly when these do not derive solely from income. Investors will also receive a Form 1099-DIV at year-end, detailing how to report distributions on federal tax returns, ensuring transparency in communication with stakeholders.
Future Outlook and Risk Considerations
This announcement is part of a broader strategy by John Hancock to establish consistent distributions that appeal to investors seeking steady income streams. However, it is vital for investors to consider all objectives, risks, and expenses associated with the funds before making investment decisions. This initiative underscores John Hancock's commitment to prudent financial management and effective investment stewardship.
About John Hancock Investment Management
As part of Manulife Financial Corporation, John Hancock Investment Management prides itself on a diverse, multi-manager structure, which combines in-house expertise with specialized asset management resources. This approach aims to enhance the investment experience for clients worldwide while promoting responsible ownership of investor capital.
Conclusion
By declaring these regular monthly distributions, John Hancock continues to signal its reliability and commitment to its investors, fostering trust and encouraging smart investment practices throughout its fund offerings. Investors should monitor further communications from the fund to stay informed about any changes in distribution strategies or financial adjustments.
For more information on these funds and their performances, prospective and current investors can visit John Hancock's official website for the latest updates.
Topics Financial Services & Investing）
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