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Overview of the February 2025 Distribution

On February 28, 2025, the John Hancock Tax-Advantaged Dividend Income Fund (NYC: HTD) will disburse its monthly dividend of $0.1380 per share to shareholders who were on record as of February 13, 2025. This fund, managed by John Hancock Investment Management LLC and sub-advised by Manulife Investment Management (US) LLC, operates under a managed distribution plan. This latest notice serves to bring important distribution details to investors, fulfilling requirements set forth by the U.S. Securities and Exchange Commission.

Distribution Breakdown

The distribution for February 2025 amounts to $0.1380 per common share, comprising several different sources as detailed below:

Estimated Sources of Distribution

• - Net Investment Income: $0.1289 (93% of the current distribution)
• - Net Realized Short-Term Capital Gains: $0.0000 (0%)
• - Net Realized Long-Term Capital Gains: $0.0000 (0%)
• - Return of Capital or Other Capital Sources: $0.0091 (7%)

This information gives shareholders clear visibility into the origins of their distributions, helping them understand the financial performance of the fund. The percentage breakdown offers a helpful lens through which to assess the reliability and stability of the income generated by this investment.

Cumulative Distribution Insights

Fiscal Year-to-Date Breakdown

• - Total Cumulative Distributions: $0.5520

- Net Investment Income: $0.4220 (76%)
- Net Realized Short-Term Capital Gains: $0.0702 (13%)
- Net Realized Long-Term Capital Gains: $0.0598 (11%)
- Return of Capital: $0.0000 (0%)

These figures suggest that the fund has been distributing more than its income and net realized capital gains, indicating that portions of its distributions could be considered a return of capital. This highlights the importance of careful consideration for investors in understanding how their returns are sourced, especially in economic climates conducive to capital preservation versus income generation.

Performance Metrics

As of January 31, 2025, the fund boasts an average annual total return of 5.06% based on Net Asset Value (NAV). Moreover, the annualized current distribution rate is positioned at 6.83%, which offers a solid yield compared to current market benchmarks. However, it's worth noting that the cumulative total return for the fiscal year stands at -0.24% through January 31, reflecting market volatility and potential risks faced by the fund's portfolio. For any prospective or current investor, these metrics should inform their decision-making processes around their investment in the fund.

Managed Distribution Plan

Under the managed distribution plan, shareholders can expect continued monthly distributions of $0.1380 per share, which will be maintained until further notice. This approach ensures that investors have a predictable income source, further enhancing the fund's appeal as a financial instrument for both individual and institutional investors.

Conclusion

In an investment landscape characterized by fluctuations and uncertainties, the The John Hancock Tax-Advantaged Dividend Income Fund offers a structured methodology in its distributions that aim to benefit shareholders by providing transparency. Investors are encouraged to engage with their financial advisors to further comprehend the implications of this distribution and how it aligns with their broader investment strategies. The John Hancock Investment Management team stands ready to assist, ensuring that shareholders have access to requisite information and support. Should you have any queries, connect with their dedicated investor services line for further clarification.

Contact Information

For additional inquiries about your investments, reach out via the John Hancock Investment Management Closed-End Fund Information Line at 1-800-843-0090, available Monday through Friday, from 8:00 AM to 7:00 PM Eastern Time.

This report serves as a notification and offers insights into the fund's distribution strategy. Shareholders should look out for future updates on the fund's performance and distribution information, as adjustments may arise depending on market conditions and investment returns.