John Hancock Funds Announce Monthly Distributions Details
John Hancock Funds Declare Monthly Distributions
John Hancock has recently announced the monthly distributions for several of its closed-end funds. This decision aims to provide investors with timely income opportunities through systematic monthly payments. The distributions have been declared as part of the funds’ ongoing managed distribution plans, ensuring that shareholders receive a consistent income stream while investing in these funds.
Key Distribution Dates for Investors
The key dates associated with these distributions are crucial for investors. The announcement includes critical dates that can affect investment decisions, including the declaration date and ex-dividend dates.
Distribution Overview
Details regarding the distributions include:
- **Declaration Date**: This is when the fund officially announces the distributions.
- **Ex-Dividend Date**: This is the date after which new buyers will not receive the declared dividend, thus existing shareholders are eligible for payment only if they own the stock before this date.
- **Record Date**: This is the date by which you must be on the books of the company as a shareholder to receive the distribution.
- **Payment Date**: This is when the actual payments are processed and received by shareholders.
Details of Monthly Distributions
The following is the summary of the monthly distributions for the John Hancock funds:
| Ticker | Fund Name | Distribution Per Share | Previous Distribution Change | Market Price | Annualized Distribution Rate |
|---|---|---|---|---|---|
| HPI | Preferred Income Fund I | $0.1235 | - | $16.06 | 9.23% |
| HPF | Preferred Income Fund II | $0.1235 | - | $16.04 | 9.24% |
| HPS | Preferred Income Fund III | $0.1100 | - | $14.38 | 9.18% |
| PDT | Premium Dividend Fund | $0.0825 | - | $13.34 | 7.42% |
| HTD | Tax-Advantaged Dividend Income Fund | $0.1580 | - | $24.27 | 7.81% |
Understanding the Distribution Plans
Each fund follows a set distribution plan aimed at delivering consistent payments to shareholders. The Premium Dividend Fund, for instance, engages in a managed distribution plan that determines the monthly distribution amount, which is expected to be paid consistently moving forward.
Distribution Composition
Distributions can originate from various sources, including:
- **Net Investment Income**: The income generated from the underlying investments of the fund.
- **Capital Gains**: This includes both realized long-term and short-term capital gains.
- **Return of Capital**: A portion of the distribution may represent a return on your investment, not earnings.
Amendments to Distribution Plans
The Board retains the authority to amend or terminate the distribution plans should they find it necessary, allowing flexibility based on market conditions and fund performance.
Contact Information and Further Inquiries
For further information regarding these distributions, investors can reach out to the media contact:
Gordon Haight
Phone: (617) 572-0034
For investor inquiries, the contact number is (800) 843-0090. This ensures all investors have access to up-to-date information regarding their investments, allowing for informed decision-making.
Frequently Asked Questions
What are the declared monthly distributions?
The John Hancock funds have various distribution amounts, typically paid monthly. For instance, the Preferred Income Fund I has a monthly distribution of $0.1235.
How does the Ex-Dividend date affect my investment?
The Ex-Dividend date determines whether you qualify for the declared distribution based on your ownership of the shares prior to this date.
What is a managed distribution plan?
A managed distribution plan outlines a fund's strategy for distributing income to shareholders periodically, ensuring regular income flow.
How often are distributions paid out?
Distributions are typically paid out monthly, ensuring shareholders receive consistent income.
Who should I contact for more information?
For media inquiries, contact Gordon Haight at (617) 572-0034 or reach out to the investor contact at (800) 843-0090.
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