John Hancock Closed-End Funds Announce Monthly Share Distributions in February 2025
Monthly Distribution Updates from John Hancock Closed-End Funds
On February 3, 2025, John Hancock Investment Management declared its latest monthly distributions for several of its closed-end funds. Known for its prudent management, John Hancock continues to demonstrate its commitment to delivering value to its investors through systematic payouts. Here’s a closer look at the distribution details for key funds this month.
Important Dates to Note
- - Declaration Date: February 3, 2025
- - Ex Date: February 13, 2025
- - Record Date: February 13, 2025
- - Payment Date: February 28, 2025
Fund Distribution Breakdown
Below are the details of monthly distributions for the listed funds:
| Ticker | Fund Name | Distribution Per Share | Change From Previous Distribution | Market Price (as of 1/31/2025) | Annualized Current Distribution Rate at Market |
|---|---|---|---|---|---|
| -- | ------- | ---- | ------ | ------ | --------- |
| HPI | Preferred Income Fund I | $0.1235 | - | $17.35 | 8.54% |
| HPF | Preferred Income Fund II | $0.1235 | - | $16.86 | 8.79% |
| HPS | Preferred Income Fund III | $0.1100 | - | $14.97 | 8.82% |
| PDT | Premium Dividend Fund | $0.0825 | - | $12.81 | 7.73% |
| HTD | Tax-Advantaged Dividend Income Fund | $0.1380 | - | $22.63 | 7.32% |
Details on Distribution Plans
Both the Premium Dividend Fund (PDT) and the Tax-Advantaged Dividend Income Fund (HTD) implement managed distribution plans. Under these plans, the funds will provide consistent monthly distributions:
- - Premium Dividend Fund (PDT): A fixed monthly payment of $0.0825 per share is declared under the PDT Plan. These distributions could consist of various components, including net investment income, long-term capital gains, and necessary return of capital, with the aim to avoid federal income taxes on taxable income and gains.
- - Tax-Advantaged Dividend Income Fund (HTD): Similar to the PDT Plan, the HTD Plan will deliver $0.1380 per share in monthly distributions. This fund also aims to efficiently manage its tax liabilities while providing returns to its shareholders.
Investor Advisory
It’s important for investors to recognize that the distributions from these funds may partially consist of capital returns, which are not derived from the fund’s earnings. Shareholders will receive a notification detailing the distribution components, which should not be solely relied upon for tax reporting purposes. Instead, a comprehensive Form 1099-DIV will be issued at year-end to summarize taxable income.
Long-Term Outlook
As a forward-looking company, John Hancock emphasizes the importance of investors understanding the nature of these distributions, particularly under fluctuating market conditions. Investors are strongly encouraged to evaluate each fund’s objectives, risks, and associated expenses before making investment decisions.
About John Hancock Investment Management
As part of Manulife Investment Management, John Hancock prides itself on an investment approach that leverages multiple managers to provide a diverse portfolio of investment choices. Their extensive Financial stewardship aims to cater to varied investor needs, from individual to institutional clients. By blending rigorous oversight with specialized asset managers, John Hancock remains a vital player in the investment management landscape, helping investors navigate the complexities of the financial markets today.
For more information, visit John Hancock Investments.
Topics Financial Services & Investing）
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