Monthly Distribution Announcements for John Hancock Funds
Overview of Monthly Distributions by John Hancock Funds
Today, the John Hancock closed-end funds announced their monthly distributions, providing important financial updates for investors interested in their offerings. These distributions are a key factor in understanding the performance and operational strategy of these funds.
Distribution Details
As part of their commitment to investors, John Hancock has declared specific monthly distributions for several funds. These distributions are integral to supporting investors' expectations, allowing them to plan financially for the future.
Distributions Announced
The following are the details regarding the upcoming distributions for the listed funds:
- Ticker: HPF - Fund Name: Preferred Income Fund II - Distribution per share: $0.1235 - Market Price: $17.35 - Annualized Current Distribution Rate: 8.54%
- Ticker: HPS - Fund Name: Preferred Income Fund III - Distribution per share: $0.1100 - Market Price: $15.76 - Annualized Current Distribution Rate: 8.38%
- Ticker: PDT - Fund Name: Premium Dividend Fund - Distribution per share: $0.0825 - Market Price: $13.23 - Annualized Current Distribution Rate: 7.48%
- Ticker: HTD - Fund Name: Tax-Advantaged Dividend Income Fund - Distribution per share: $0.1380 - Market Price: $23.64 - Annualized Current Distribution Rate: 7.01%
Understanding the Distribution Plans
The Premium Dividend Fund, commonly referred to as PDT, has initiated a managed distribution plan. Under this plan, the fund is committed to distributing $0.0825 per share monthly until further notice. This systematic approach helps investors anticipate returns regularly.
Details of the Distribution Plan
Distributions from the Premium Dividend Fund may include various sources such as:
- Net investment income
- Net realized long-term capital gains
- Net realized short-term capital gains
- Return of capital if necessary
Insights into the Tax-Advantaged Dividend Income Fund
The Tax-Advantaged Dividend Income Fund (HTD) has a similar distribution strategy, declaring its monthly share distribution amounting to $0.1380. This plan ensures that investors receive funds consistently, enhancing their investment strategies.
Components of Distributions
Just like the PDT plan, the HTD plan may distribute several elements, including:
- Net investment income
- Realized capital gains
- Other required distributions to manage tax implications
Investor Awareness
For those investing in John Hancock funds, it's important to recognize that a portion of the declared distribution may include sources beyond net investment income, which may involve a return of capital. Investors should understand what this signifies for their overall investment strategy and tax planning.
Company Background
John Hancock Investment Management, part of Manulife Investment Management, uses a multimanager approach to service investors effectively. This includes leveraging in-house capabilities along with a diverse network of specialized asset managers. Through rigorous oversight, the company curates a varied lineup of investments, ensuring that each investor can find suitable opportunities.
Commitment to Sustainable Investing
Manulife Investment Management, the overarching brand for their asset management services, operates in multiple markets and emphasizes responsible investment. With a commitment to sustainable investing practices, they engage with companies hold in their portfolios and promote financial well-being through their retirement plans.
Frequently Asked Questions
What are the distribution amounts for each fund?
The distribution amounts vary by fund, with the Preferred Income Fund II at $0.1235 and the Tax-Advantaged Dividend Income Fund at $0.1380 per share, among others.
How frequently will distributions be paid?
Distributions are scheduled monthly for each of the funds mentioned, giving investors regular access to returns on their investments.
What is the purpose of the distribution plans?
These plans are designed to provide predictable income to investors and manage tax liabilities effectively while adhering to the fund's investment strategies.
Can distributions include return of capital?
Yes, a portion of the distributions may consist of a return of capital, which is not derived from the fund's income or gains, and should be understood by investors.
Who manages John Hancock's investment strategies?
John Hancock employs a unique multimanager approach, integrating in-house expertise with specialized asset managers to optimize investment outcomes for their clients.
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