BOSTON, December 31, 2021 / PRNewswire / – John Hancock Premium Dividend Fund (NYSE: PDT) (the “Fund”), a closed-end fund managed by John Hancock Investment Management LLC and sub-advised by Manulife Investment Management (US) LLC, announced today hui the sources of its distribution of $ 0.0975 per share paid to all shareholders of record December 13, 2021, in accordance with the Fund’s managed distribution plan. This press release is issued pursuant to an exemption order granted to the Fund by the United States Securities and Exchange Commission.
Notification of distribution sources
This notice provides the shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information regarding the distribution declared on December 1, 2021, and payable on December 31, 2021. No action is required on your part.
Distribution amount per ordinary share:
The following table presents the estimated sources of the current distribution, payable December 31, 2021, and cumulative distributions paid during the year to date from the following sources: net investment income; net capital gains realized in the short term; long-term net realized capital gains; and repayment of capital or other source of capital. All amounts are expressed per common share and as a percentage of the amount of the distribution.
For the period 01/12 / 2021-12 / 31/2021
For the cumulative period of the fiscal year
Net investment income
Net realized short-
Net realized long-
Repayment of capital or
Total per common share
Average annual total return (relative to the net asset value) for the 5 years ended November 30, 2021
Current annualized payout rate expressed as a percentage of NAV as of November 30,
Total cumulative return (relative to net asset value) for the year ended November 30, 2021
Cumulated payout rate since the start of the financial year expressed as a percentage of NAV as of
You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Fund’s managed distribution plan.
The Fund considers that it has distributed more than its income and net realized capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “return” or “income”.
The amounts and sources of distributions shown in this notice are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.
The Fund declared on december 2021 distribution in accordance with the Fund’s managed distribution plan (the “Plan”). Under the plan, the Fund pays fixed monthly distributions in the amount of $ 0.0975 per share, which will continue to be paid monthly until further notice.
If you have any questions or need additional information, please contact your financial professional or call the John Hancock Investment Management Closed-End Fund Information Line at 1-800-843-0090, Monday through Friday. 8:00 a.m. to 7:00 p.m. Eastern Time.
Effective October 1, 2021, copies of all notices informing shareholders of distributions made by the fund in excess of the accumulated net investment income will be posted on the public website of John Hancock Investment Management (jhinvestments.com) and on the Legal Notice System (LENS) , a service offering from the Depository Trust Company (DTC) accessible by brokerage firms. To the extent necessary, notice may also be provided by means of a press release. John Hancock Investment Management will continue to distribute hard copies of these notices by mail until March 30, 2022, after which the notices will be issued exclusively in the manner described above.
Statements contained 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, charges 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 somewhere else. 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 terminated $ 1.4 trillion Canadian (US $ 1.1 trillion) from the September 30, 2021. Manulife Financial company trades as MFC on the TSX, NYSE and EPS, and under 945 on the SEHK. Manulife can be found 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.
1 The current financial year of the Fund began on November 1, 2021 and will end on October 31, 2022.
SOURCE John Hancock Investment Management