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John Hancock Premium Dividend Fund Distribution Notice

On May 29, 2026, the John Hancock Premium Dividend Fund (NYSE: PDT) published an important update for its shareholders regarding the sources of its monthly distribution. Managed by John Hancock Investment Management LLC and advised by Manulife Investment Management (US) LLC, the fund is known for its strategic approach to delivering returns to its investors.

Distribution Overview

The fund announced a distribution amount of $0.0825 per common share for all shareholders on record as of May 11, 2026. This distribution, part of the fund's managed distribution plan, is critical for investors to understand the breakdown of where their returns are coming from.

Financial Breakdown

The total distribution declared on May 1, 2026, is essential for assessing the fund's overall performance. The breakdown for this distribution is as follows:

1. Net Investment Income: $0.0699 (85%)
2. Net Realized Short-Term Capital Gains: $0.0007 (1%)
3. Net Realized Long-Term Capital Gains: $0.0119 (14%)
4. Return of Capital or Other Sources: $0.0000 (0%)

This indicates that the vast majority of the distribution comes from net investment income, contributing significantly to shareholder value.

Annual Performance Insights

The fund reported an average annual total return of 8.67% related to its net asset value (NAV) for the five years concluding on April 30, 2026, alongside a current annualized distribution rate of 6.64%. Moreover, it achieved a cumulative total return of 10.65%, reflecting a robust trajectory for the current fiscal year.

Future Implications

While the fund is continuing its monthly distribution of $0.0825 per share, investors should remain cognizant that the amounts could change based on the fund’s performance throughout the fiscal year, which concludes on October 31, 2026. Notably, the fund advises investors that some distributions may reflect a return of capital, a crucial point that differentiates this from regular income or yield, as these returns may involve reclaiming parts of the capital originally invested.

Important Note

The information provided in this notice is essential for shareholders as it sets expectations for income from the fund. Shareholders considering their financial strategies should review these updates carefully. The distributions highlighted here are not finalized for tax reporting, and actual amounts might vary based on investment outcomes and may be subject to tax regulations. A Form 1099-DIV will be sent to detail how to report these distributions.

Conclusion

The John Hancock Premium Dividend Fund remains committed to providing clear communication to its shareholders. For any questions or additional details, shareholders are encouraged to contact their financial professionals or call the dedicated information line. With a heritage of responsible investment management, John Hancock continues to focus on delivering value in a competitive market.