John Hancock Premium Dividend Fund Updates Monthly Distribution

John Hancock Premium Dividend Fund Announces Monthly Distribution

John Hancock Premium Dividend Fund (NYSE: PDT), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, is pleased to inform its shareholders about the ongoing distribution payments. The fund has declared a monthly distribution of $0.0825 per share, as per its managed distribution plan.

Distribution Notification to Shareholders

This notification serves to update shareholders about the distribution declared as part of the fund's managed plan. Shareholders will receive important details regarding the funds’ performance and distribution status.

Estimated Sources of Current Distribution

As the distribution date approaches, the fund provides its stakeholders with a breakdown of the estimated sources contributing to the current distribution amount. All amounts are calculated on a per common share basis, giving shareholders a clear view of where their benefits are sourced.

Current Distribution Breakdown

The sources contributing to the current monthly distribution of $0.0825 are categorized, including net investment income and capital gains. Below are the details:

• Net Investment Income: $0.0672 (81%)
• Net Realized Short-Term Capital Gains: $0.0038 (5%)
• Net Realized Long-Term Capital Gains: $0.0115 (14%)
• Return of Capital or Other Capital Source: $0.0000 (0%)

This summary emphasizes the reliance on net investment income as the primary source of shareholder distributions. The total distribution for this period is indicative of the fund's ongoing strategy to return profit to its investors while maintaining a balanced approach in fund management.

Performance Metrics and Annual Returns

The average annual total return (in relation to NAV) for the last five years stands impressively at 5.76%. Furthermore, the annualized current distribution rate expressed as a percentage of NAV as of the most recent assessment is 7.28%. This performance reflects the fund's commitment to delivering strong returns relative to its net asset value, which is crucial for maintaining investor confidence.

Cumulative Returns for Investors

Year-to-date, the cumulative total return in relation to NAV for the fiscal year is an impressive 39.63%. These returns illustrate not only the resilience of the fund but also its proactive management strategy in fostering growth and stability within the investment portfolio.

Understanding Distributions for Tax Purposes

It is essential for shareholders to understand that the amounts and sources of the distributions provided in this notification are estimates. For tax reporting purposes, these distributions will be accounted for at the end of the fiscal year. Shareholders can expect a Form 1099-DIV which will help clarify their reporting requirements for federal income tax purposes.

Long-term investors are encouraged to review their financial strategies with their advisors to align with the fund’s distribution model effectively. Knowing the nature of the returns and distributions will assist in making informed investment decisions.

Contact Information for Shareholders

For any questions or additional information regarding the fund's distributions or general inquiries, shareholders can reach out to their financial professionals or directly contact the John Hancock Investment Management Closed-End Fund Information Line at 1-800-843-0090. Their dedicated team is available Monday through Friday, providing assistance and ensuring that shareholders have all the information they need.

Frequently Asked Questions

What is the monthly distribution amount for shareholders?

The monthly distribution amount declared by the fund is $0.0825 per share.

How is the current distribution funded?

The current distribution is primarily funded through net investment income, with contributions from net realized short- and long-term capital gains.

What is the average annual return for the fund?

The average annual total return in relation to NAV for the past five years is 5.76%.

How can I learn more about the fund's performance?

Shareholders can review performance details in the fund’s regular updates or contact the fund’s information line for personalized insights.

Where can I find tax reporting information for the distributions?

A Form 1099-DIV will be provided at the end of the fiscal year to assist shareholders with their tax reporting related to distributions.

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