John Hancock Closed-End Funds Declare Monthly Distributions

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Posted: October 1, 2021 at 3:41 p.m. CDT|Update: 9 hours ago

BOSTON, MA, October 1, 2021 / PRNewswire / – The Five John hancock the closed-end funds listed below have declared their monthly distributions today as follows:

Declaration date: October 1, 2021
Date of departure : October 8, 2021
Registration Date : 12 October 2021
Payment date: October 29, 2021

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Fund name

Distribution
Per share

Change
Previous
Distribution

Market price as
of 09/30/2021

annualized
Running
Distribution rate
at the market

HPI

Preferred Income Fund

$ 0.1235

$ 21.50

6.89%

HPF

Preferred Income Fund II

$ 0.1235

$ 21.70

6.83%

HPS

Preferred Income Fund III

$ 0.1100

$ 18.73

7.05%

PDT

Premium dividend fund

$ 0.0975

$ 16.62

7.04%

HTD

Tax-efficient dividend
Income Fund

$ 0.1380

$ 22.88

7.24%

John Hancock Premium Dividend Fund
Premium Dividend Fund (the “Fund”) has declared its monthly distribution in accordance with the Fund’s managed distribution plan (the “PDT Plan”). Under the PDT Plan, the Fund pays monthly distributions in an amount equal to $ 0.0975 per share. This amount will be paid monthly until further notice.

Distributions under the PDT Plan may consist of net investment income, long-term net realized capital gains, short-term net realized capital gains and, to the extent necessary, return of capital.

The Fund may also make additional distributions (i) so as not to incur federal tax on the taxable income of investment companies and the net capital gain of the Fund, if any, not included in such regular distributions and ( ii) for the purpose of not incurring excise tax on ordinary income and net capital gains income, if any, not included in such regular monthly distributions.

The Board may change the terms of the PDT Plan or terminate the PDT Plan at any time.

John Hancock Tax Advantageous Dividend Income Fund
The Tax Advantageous Dividend Income Fund (the “Fund”) has declared its monthly distribution in accordance with the Fund’s managed distribution plan (the “HTD Plan”). Under the HTD Plan, the Fund pays monthly distributions in an amount equal to $ 0.1380 per share. This amount will be paid monthly until further notice.

Distributions under the HTD Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital.

The Fund may also make additional distributions (i) so as not to incur federal tax on the taxable income of investment companies and the net capital gain of the Fund, if any, not included in such regular distributions and ( ii) for the purpose of not incurring excise tax on ordinary income and net capital gains income, if any, not included in such regular monthly distributions.

The Board may change the terms of the HTD Plan or terminate the HTD Plan at any time.

Part of a Fund’s current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution of the income or gains of a Fund. As required by the Investment Company Act of 1940, a notice containing the estimated elements of the distribution will be sent to shareholders at the time of payment if it is not just net investment income. This notice will also be posted on the Funds’ website at www.jhinvestments.com. The notice should not be used to prepare income tax returns because the estimates shown in the notice may differ from the final characterization of federal income tax distributions. After the end of each calendar year, investors will receive a Form 1099-DIV informing them of how to report distributions received in that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements, as they are subject to uncertainties and other factors which, in some cases, are beyond the control of the Fund and could cause actual results to differ. substantially from those set forth in forward-looking statements. statements.

An investor should carefully consider the investment objectives, risks, fees and expenses of a Fund before investing.

About John Hancock Financial and Manulife Financial
John hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting clients’ needs first and providing them with the right advice and solutions. We mainly operate as John hancock in United States and like Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions to individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were exceeded 1.3 trillion Canadian dollars (US $ 1.1 trillion) from the June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE and PSE, and as 945 on SEHK. You can find Manulife at manulife.com.

One of the largest life insurers in United States, John hancock supports approximately 10 million Americans with a wide range of financial products, including life insurance, annuities, investments, 401 (k) plans, and education savings plans. Additional information on John hancock can be found at johnhancock.com.

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SOURCE John Hancock Investment Management

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