John Hancock Funds Announce Monthly Distributions for Investors
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John Hancock Funds Monthly Distributions Announced
Today, the John Hancock closed-end funds made headlines by declaring their monthly distributions. This announcement is important for investors looking to understand the current landscape of income generation from their investments.
Key Distribution Dates and Details
Understanding the distribution timeline is essential for shareholders. The recent declarations include essential dates:
Declaration Date
The distribution was declared recently, marking a significant moment for investors.
Ex Date
The ex-dividend date is when the funds will start trading without the value of their upcoming distributions, an important detail for potential investors.
Record Date
The record date is also crucial, as it defines who is eligible to receive the upcoming distributions.
Payment Date
Finally, the payment date will indicate when investors can expect to see these distributions in their accounts.
Distribution Overview for Various Funds
Each fund under John Hancock offers its own unique distribution characteristics:
Preferred Income Fund (Ticker: HPI)
This fund declared a monthly distribution of $0.1235 per share, with a strong annualized current distribution rate of 8.45% based on market price. It's appealing for income-focused investors.
Preferred Income Fund II (Ticker: HPF)
Offering the same monthly distribution of $0.1235 per share as its predecessor, the Fund II has a slightly higher annualized distribution rate of 8.68%. This makes it attractive for those seeking reliable income.
Preferred Income Fund III (Ticker: HPS)
With a monthly distribution set at $0.1100 per share, the HPS fund provides an annualized distribution rate of 8.06%, indicating its steady performance in the market.
Premium Dividend Fund (Ticker: PDT)
Declared monthly distributions amount to $0.0825 per share, with a notable annualized current distribution rate of 7.55%. This fund remains a solid choice for conservative investors looking for income.
Tax-Advantaged Dividend Income Fund (Ticker: HTD)
This fund's monthly distribution is set at $0.1380 per share, complemented by a strong annualized distribution rate of 7.65%. It focuses on tax efficiency for shareholders, making it an interesting option for tax-conscious investors.
Understanding Fund Distributions
Each distribution may include several sources, not limited to net investment income. It's important for investors to comprehend that a return of capital does not equate to a distribution of profits. The firm sends out notices providing clarity on the distribution components, ensuring transparency for its shareholders.
About John Hancock Investment Management
As part of Manulife Investment Management, John Hancock adopts a unique multimanager strategy, combining robust in-house capabilities with expert asset management networks. This ensures a diverse range of high-quality investment options that cater to various investor needs.
Learn More About Manulife Investment Management
With its global presence, Manulife Investment Management boasts an experienced history that spans over a century. Their commitment to investment stewardship and responsible management sets them apart in meeting the needs of individuals and institutions alike. They continuously delve into sustainable investing, ensuring a comprehensive approach to their investment practices.
Frequently Asked Questions
What are the declared monthly distributions for John Hancock Funds?
The monthly distributions vary by fund, with amounts such as $0.1380 for the Tax-Advantaged Dividend Income Fund.
What is the significance of the ex-date?
The ex-date is crucial as it determines which shareholders will receive the forthcoming distribution.
How can investors check the composition of their distributions?
Investors will receive notices detailing the estimated components of distributions sent at the time of payment.
What is the payment frequency for these distributions?
Distributions are paid monthly until further notice.
Who manages the investments for John Hancock Funds?
John Hancock Investment Management is part of Manulife Investment Management, utilizing a multimanager approach for investors.
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