John Hancock Funds Reveal New Monthly Distributions for Investors
Monthly Distributions Announced for John Hancock Funds
The John Hancock closed-end funds have made an important announcement regarding their monthly distributions. This decision is a part of their ongoing commitment to deliver value to their investors through consistent income generation.
Key Dates for Investors
The recent distribution announcement includes crucial dates that investors should note:
Declaration Date: Today
Ex-Date: Upcoming date
Record Date: Upcoming date
Payment Date: End of the month
Distribution Details
Here are the highlights of the funds and their respective monthly distributions:
Preferred Income Fund I (HPI)
This fund has declared a distribution of $0.1235 per share, reflecting a solid foundation for income stability. The fund's market price as of the last trading day was $15.79, with an annualized distribution rate of 9.39%.
Preferred Income Fund II (HPF)
Similar to its counterpart, this fund also declared a $0.1235 distribution per share. With a market price of $15.73, it stands at a distribution rate of 9.42% annually, signifying its attractiveness for income-focused investors.
Preferred Income Fund III (HPS)
Fund III announced a distribution of $0.1100 per share, maintaining a market price of $14.25 and an annualized rate of 9.26%. This fund continues to provide a reliable stream for holders.
Premium Dividend Fund (PDT)
The Premium Dividend Fund declared $0.0825 per share in accordance with its managed distribution plan. With a market price of $13.16, this fund offers a reported 7.52% annualized distribution rate. It aims to provide regular income while carefully managing capital.
Tax-Advantaged Dividend Income Fund (HTD)
This fund declared a distribution of $0.1380 per share. The market price currently stands at $23.06, yielding an annualized rate of 7.18%. This approach underscores the fund's commitment to providing tax advantages to investors.
Fund Distribution Plans
Both the Premium Dividend and Tax-Advantaged Dividend funds operate under specific managed distribution plans. These plans ensure that distributions are made consistently, often comprising a mix of investment income, capital gains, and sometimes a return of capital.
Investors should be aware that a portion of the distributions may not solely represent income generated by the funds, but can also include return of capital, which is not considered taxable income.
Furthermore, the distribution details will be communicated to shareholders, ensuring transparency regarding the components of each distribution.
About John Hancock Investments
John Hancock Investment Management stands apart in the industry due to its unique multimanager approach. They blend in-house capabilities with a robust network of specialized asset managers, creating a portfolio that caters to various investor needs.
As part of Manulife Financial Corporation, they are dedicated to delivering investment services and financial advice globally. Their mission revolves around empowering clients to invest wisely for their future while providing comprehensive retirement plan services.
Investor Communication
For investor inquiries, John Hancock provides a direct contact line to address questions and assist with further information regarding fund distributions and investment options.
Frequently Asked Questions
What are the monthly distributions announced by John Hancock funds?
The funds have declared various monthly distributions ranging from $0.0825 to $0.1380 per share depending on the specific fund.
How often can investors expect these distributions?
Distributions are made monthly as part of the managed distribution plans for each fund.
What factors contribute to the amount of the distributions?
Distributions may include net investment income, realized capital gains, and potentially a return of capital.
Is there a risk associated with return of capital in distributions?
Yes, a return of capital does not represent income or gains, and investors should document these amounts appropriately for tax purposes.
Where can I find more information about John Hancock funds?
Visit John Hancock's official website for detailed fund information, including distribution announcements and performance updates.
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