John Hancock Tax-Advantaged Dividend Income Fund Distribution Notice
The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) has provided crucial updates regarding its monthly distribution of $0.1580 per share. This distribution is available to all shareholders who are on record as of September 12, 2025, as part of the Fund's managed distribution plan. This communication follows the guidelines required by an order granted by the Securities and Exchange Commission.
Overview of Distribution Sources
This announcement elaborates on the sources of the distribution declared recently. The fund aims to inform its shareholders about how the distribution is sourced and the cumulative figures for this fiscal year so far. Here are some key insights:
Monthly Distribution Amount
The distribution amount for September 2025 is confirmed to be $0.1580 per common share. Understanding this figure is essential for shareholders as it reflects the Foundation's effort to provide steady returns to its investors.
Sources of Distribution Breakdown
The following breakdown highlights the estimated sources contributing to the upcoming distribution:
- Net Investment Income: $0.1274 (81% of current distribution)
- Net Realized Short-Term Capital Gains: $0.0000 (0% of current distribution)
- Net Realized Long-Term Capital Gains: $0.0000 (0% of current distribution)
- Return of Capital: $0.0306 (19% of current distribution)
This breakdown serves as an essential guide for understanding where the distribution funds originate, and helps steer investment perspectives regarding potential returns.
Investor Guidance and Considerations
It is important for investors not to draw definitive conclusions regarding the Fund's performance merely based on the distribution amount. The Fund anticipates that it may have distributed more than its income and net capital gains, meaning that a portion of each distribution could be returned capital. Such returns should not be interpreted as income or yield.
Tax Reporting Considerations
The estimates and sources of the distributions mentioned are preliminary and subject to adjustments based on the Fund’s performance during the remaining fiscal year. For tax reporting purposes, shareholders will receive Form 1099-DIV, which will detail how distributions should be filed when reporting federal income tax.
Managed Distribution Plan Overview
Under the current managed distribution plan, the Fund has committed to making consistent distributions to its shareholders, currently set at $0.1580 per share. This strategy aims to ensure shareholders can rely on their Fund returns being paid out monthly, without interruption.
Contact Information for Shareholders
If you have any questions or require further details regarding your investment, you are encouraged to reach out to your financial advisor. Alternatively, assistance can be sought by calling the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090, available Monday to Friday from 8:00 a.m. to 7:00 p.m. Eastern Time.
Frequently Asked Questions
What is the distribution amount for September 2025?
The distribution amount is confirmed at $0.1580 per share for September 2025.
What sources contribute to the distribution?
The main sources include net investment income, capital gains, and return of capital.
How is the return of capital defined?
A return of capital may occur when part of the invested money is paid back to shareholders and does not portray the investment's performance.
When will shareholders receive Form 1099-DIV?
Form 1099-DIV will be sent at year-end to provide necessary tax reporting details.
How can I get more information about my investment?
Shareholders can contact their financial advisor or call the Manulife information line at 1-800-843-0090 for assistance.