John Hancock Closed-End Funds Announces March Monthly Distributions with Key Dates
On March 3, 2025, John Hancock Investment Management revealed its monthly distributions for its closed-end funds, marking a significant announcement for investors. The declaration date is set for March 3, with the ex-dividend date occurring on March 13. Shareholders should take note that this aligns with the record date, also on March 13, ensuring they are eligible to receive the distributions to be paid on March 31.
The closed-end funds and their respective distributions are detailed below:
These distributions are made in accordance with the funds' managed distribution plans. For the Premium Dividend Fund, the amount of $0.0825 per share will be paid monthly until further notice. The distributions can include net investment income, net realized long-term capital gains, and may also involve return of capital if necessary. It's crucial for investors to understand that not all distributions are derived from income or gains, as some might entail a return of capital.
The Tax-Advantaged Dividend Income Fund follows a similar distribution plan, delivering $0.1380 per share monthly under the same managed distribution strategy. This means that stakeholders will receive regular payouts, which are designed to mitigate taxes on unreported capital gains and allowable dividends, ensuring tax efficiency for their investments.
To keep investors informed, a notice will be dispatched to shareholders at the time of payment, outlining the estimated components of the distribution should it not consist solely of net investment income. Furthermore, this information will be made accessible through the funds' official website, www.jhinvestments.com. Investors are reminded that these notices should not be used solely for tax reporting, as the estimates might vary from the final federal income tax characterization of the distributions.
It’s advisable for potential and current investors to consider both the benefits and risks associated with these funds, keeping an eye on changes to the distribution plans as they can be amended or terminated by the Board at any time. This transparency is part of John Hancock's commitment to facilitating informed investment decisions among its clientele.
John Hancock is backed by Manulife Investment Management, leveraging a multi-manager approach to deliver a diverse array of investment options, exemplifying financial stewardship with a storied legacy. Their innovative frameworks position them as a key player in responsible investing, underlining their commitment to comprehensive investment strategies aimed at long-term financial well-being. Established in Toronto, John Hancock spans across 18 territories, emphasizing a robust foothold in the global investment landscape.
This comprehensive announcement signifies not just routine distributions, but emphasizes John Hancock's ongoing dedication to its investors through strategic financial planning and transparent communication of its investment endeavors.
Fund Details
The closed-end funds and their respective distributions are detailed below:
- - Preferred Income Fund I (Ticker: HPI): Distribution of $0.1235 per share, market price as of February 28, 2025, was $17.34, which reflects an annualized current distribution rate of 8.55%.
- - Preferred Income Fund II (Ticker: HPF): Similarly, this fund announced a distribution of $0.1235 per share, with a market value of $17.10 and an annualized distribution rate of 8.67%.
- - Preferred Income Fund III (Ticker: HPS): Offers a lower distribution amount of $0.1100 per share, valued at $15.39, yielding an 8.58% annualized rate.
- - Premium Dividend Fund (Ticker: PDT): With a distribution of $0.0825 per share, its market price stood at $12.97, equating to a 7.63% annualized rate.
- - Tax-Advantaged Dividend Income Fund (Ticker: HTD): This fund declared a higher distribution of $0.1380 per share, with an attractive market price of $23.50 and an annualized distribution rate of 7.05%.
Understanding Distributions
These distributions are made in accordance with the funds' managed distribution plans. For the Premium Dividend Fund, the amount of $0.0825 per share will be paid monthly until further notice. The distributions can include net investment income, net realized long-term capital gains, and may also involve return of capital if necessary. It's crucial for investors to understand that not all distributions are derived from income or gains, as some might entail a return of capital.
The Tax-Advantaged Dividend Income Fund follows a similar distribution plan, delivering $0.1380 per share monthly under the same managed distribution strategy. This means that stakeholders will receive regular payouts, which are designed to mitigate taxes on unreported capital gains and allowable dividends, ensuring tax efficiency for their investments.
Communication and Transparency
To keep investors informed, a notice will be dispatched to shareholders at the time of payment, outlining the estimated components of the distribution should it not consist solely of net investment income. Furthermore, this information will be made accessible through the funds' official website, www.jhinvestments.com. Investors are reminded that these notices should not be used solely for tax reporting, as the estimates might vary from the final federal income tax characterization of the distributions.
Looking Ahead
It’s advisable for potential and current investors to consider both the benefits and risks associated with these funds, keeping an eye on changes to the distribution plans as they can be amended or terminated by the Board at any time. This transparency is part of John Hancock's commitment to facilitating informed investment decisions among its clientele.
About John Hancock Investment Management
John Hancock is backed by Manulife Investment Management, leveraging a multi-manager approach to deliver a diverse array of investment options, exemplifying financial stewardship with a storied legacy. Their innovative frameworks position them as a key player in responsible investing, underlining their commitment to comprehensive investment strategies aimed at long-term financial well-being. Established in Toronto, John Hancock spans across 18 territories, emphasizing a robust foothold in the global investment landscape.
This comprehensive announcement signifies not just routine distributions, but emphasizes John Hancock's ongoing dedication to its investors through strategic financial planning and transparent communication of its investment endeavors.
Topics Financial Services & Investing）
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