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John Hancock Closed-End Funds Declare Monthly Distributions

On May 1, 2025, John Hancock Investment Management announced the latest monthly distributions for its closed-end funds, highlighting their commitment to provide regular income for investors. The specific funds declaring distributions include the Preferred Income Fund I (HPI), Preferred Income Fund II (HPF), Preferred Income Fund III (HPS), the Premium Dividend Fund (PDT), and the Tax-Advantaged Dividend Income Fund (HTD). Here’s a closer look at the details:

Distribution Details

• - Declaration Date: May 1, 2025
• - Ex Date: May 12, 2025
• - Record Date: May 12, 2025
• - Payment Date: May 30, 2025

Fund Breakdown

1. Preferred Income Fund I (HPI)
- Distribution Per Share: $0.1235
- Market Price as of 4/30/2025: $15.90
- Annualized Current Distribution Rate: 9.32%

2. Preferred Income Fund II (HPF)
- Distribution Per Share: $0.1235
- Market Price as of 4/30/2025: $15.89
- Annualized Current Distribution Rate: 9.33%

3. Preferred Income Fund III (HPS)
- Distribution Per Share: $0.1100
- Market Price as of 4/30/2025: $14.45
- Annualized Current Distribution Rate: 9.13%

4. Premium Dividend Fund (PDT)
- Distribution Per Share: $0.0825
- Market Price as of 4/30/2025: $12.64
- Annualized Current Distribution Rate: 7.83%

5. Tax-Advantaged Dividend Income Fund (HTD)
- Distribution Per Share: $0.1380
- Market Price as of 4/30/2025: $22.91
- Annualized Current Distribution Rate: 7.23%

These distributions are part of each fund’s managed distribution plan. The Premium Dividend Fund (PDT) and Tax-Advantaged Dividend Income Fund (HTD) are expected to continue monthly payouts unless notified otherwise.

Components of Distributions

It’s important to note that distributions may consist of various components, such as net investment income, realized long-term capital gains, and in some cases, return of capital. Investors will receive a notice of the estimated components of any distribution that does not solely consist of net investment income when the payment is made. This information will also be published on the funds’ website.

Investor Considerations

While these distributions provide regular income opportunities, investors should carefully assess the funds’ investment goals, risks, fees, and expenses prior to making investment decisions. Forward-looking statements made by the company suggest potential risks and uncertainties that may influence actual outcomes. It is wise for investors to consult with financial advisors to align these investments with their personal financial goals.

About John Hancock Investment Management

John Hancock Investment Management operates under Manulife Financial Corporation, boasting a rich history of financial stewardship. As a globally recognized brand, it emphasizes a multi-manager approach to asset management, leveraging both in-house resources and a wide network of specialized asset managers for diverse investment options. Their commitment extends toward sustainable investing practices and enhancing financial well-being for individuals and institutions alike.

For more detailed information about the funds and the investment strategies employed, investors can visit John Hancock's official website or reach out to their investor service contacts.

In conclusion, John Hancock’s consistent and structured payment of distributions indicates a strong commitment to its investors, helping them generate reliable income in the ever-evolving market landscape.