Insights on John Hancock Dividend Income Fund's Latest Distribution
Overview of John Hancock Tax-Advantaged Dividend Income Fund
John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) has made significant strides in managing its financial responsibilities. This closed-end fund, powered by John Hancock Investment Management LLC and Manulife Investment Management (US) LLC, focuses on providing consistent dividend income to its shareholders.
Recent Distribution Announcement
The Fund announced a noteworthy monthly distribution amounting to $0.1380 per share directed to shareholders. This distribution is set for those on record as of May 12, ensuring that investors remain updated on their returns on investment.
Key Dates and Notification
This document serves to inform stakeholders about the distribution declared recently and how they will benefit from it. Shareholders need not act on this announcement, as it is intended purely for informational purposes.
Sources of Distribution
It is essential to understand where the current distributions are coming from. The amounts will be classified based on various sources including net investment income, and realized capital gains—both short-term and long-term—along with any return of capital. This helps investors foresee how the Fund maintains its distribution promises.
Details on Distribution Breakdown
During the distribution period from May 1 to May 31, 2025, the breakdown of sources is as follows:
- Net Investment Income: $0.1343 (97% of the current distribution)
- Net Realized Short-Term Capital Gains: $0.0037 (3% of the current distribution)
- Net Realized Long-Term Capital Gains: $0.0000 (0% of the current distribution)
- Return of Capital: $0.0000 (0% of the current distribution)
With a total distribution of $0.1380 per share, it shows the Fund's excellent management in balancing returns with responsibilities.
Understanding the Fund's Investment Approach
The Fund operates based on a managed distribution plan which aims to deliver predictable cash payouts to its investors. With the commitment to providing steady distributions, the Fund's approach strengthens its reputation in the financial markets.
Investing with Confidence
Investors need to recognize that while this distribution is a positive aspect, it is also fundamental to assess the overall performance of the Fund. Stakeholders are encouraged to consider the aggregate investment returns, expenses, and risks associated with investments in this Fund.
Investor Resources
For any inquiries or further information, stakeholders can reach out to their financial advisors or directly to the John Hancock Closed-End Fund Information Line at 1-800-843-0090 during business hours. This connection is beneficial for investors seeking clarity on their financial strategies.
Frequently Asked Questions
What is the current distribution amount for the Fund?
The current distribution amount is $0.1380 per share.
Who is eligible to receive the said distribution?
All shareholders on record as of May 12, 2025, are eligible for this distribution.
When is the distribution payout date?
The distribution payout date is scheduled for May 30, 2025.
What portions of the distribution come from net investment income?
The distribution includes approximately $0.1343 from net investment income, which constitutes 97% of the total distribution.
How can I find more information about the Fund?
For further information, contact their financial professional or call the provided information line.
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