JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

Rhea-AI Summary

John Hancock Tax-Advantaged Dividend Income Fund (HTD) announced a monthly distribution of $0.1380 per share payable on December 31, 2021, to shareholders of record as of December 13, 2021. This payment stems from the Fund's managed distribution plan. For December 2021, the distribution sources include 92% from net investment income and 8% from net realized long-term capital gains. Notably, the average annual total return over five years is 7.95%, with a current distribution rate of 6.94% as of November 30, 2021.

Positive

• Monthly distribution of $0.1380 per share indicates consistent income for shareholders.
• 92% of the distribution in December sourced from net investment income, reflecting strong fund performance.
• Five-year average annual total return of 7.95% demonstrates effective fund management.

Negative

• Cumulative total return for the fiscal year through November 30, 2021, is -4.43%, indicating potential performance concerns.

BOSTON, Dec. 31, 2021 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by both Manulife Investment Management (US) LLC, and Wells Capital Management Incorporated, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of December 13, 2021, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.   

Notification of Sources of Distribution                                                       

This notice provides shareholders of the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) with important information concerning the distribution declared on December 1, 2021, and payable on December 31, 2021. No action is required on your part.

Distribution Period:	December 2021
Distribution Amount Per Common Share:	$0.1380

The following table sets forth the estimated sources of the current distribution, payable December 31, 2021, and the cumulative distributions paid this fiscal year to date from the following sources:  net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

		For the period 12/1/2021-12/31/2021				For the fiscal year-to-date period 11/1/2021-12/31/2021 1
Source		Current Distribution ($)		% Breakdown of the Current Distribution		Total Cumulative Distributions ($)		% Breakdown of the Total Cumulative Distributions
Net Investment Income		0.1268		92%		0.2760		100%
Net Realized Short-		0.0000		0%		0.0000		0%
Term Capital Gains
Net Realized Long-		0.0112		8%		0.0000		0%
Term Capital Gains
Return of Capital or		0.0000		0%		0.0000		0%
Other Capital Source
Total per common share		0.1380		100%		0.2760		100%
Average annual total return (in relation to NAV) for the 5 years ended on November 30, 2021									7.95%
Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2021									6.94%
Cumulative total return (in relation to NAV) for the fiscal year through November 30, 2021									-4.43%
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 2021									1.16%

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the December 2021 distribution pursuant to the Fund's managed distribution plan (the "Plan").  Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.1380 per share, which will continue to be paid monthly until further notice.

If you have 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 between 8:00 a.m. and 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 accumulated net investment income will be posted on John Hancock Investment Management's public website (jhinvestments.com) and on the Legal Notice System (LENS), a service offering of the Depository Trust Company (DTC) accessible by broker-dealer firms. To the extent required, notice may also be provided via press release. John Hancock Investment Management will continue to distribute paper copies of these notices by mail until March 30, 2022, after which date the notices will be delivered exclusively via the methods described above.

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

An investor should consider a Fund's investment objectives, risks, charges and expenses carefully 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 customers' needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and as Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.4 trillion (US$1.1 trillion) as of September 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

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

1 The Fund's current fiscal year began on November 1, 2021 and will end on October 31, 2022.

 

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SOURCE John Hancock Investment Management

FAQ

What is the upcoming dividend amount for HTD?

The upcoming dividend amount for John Hancock Tax-Advantaged Dividend Income Fund (HTD) is $0.1380 per share.

When will HTD's dividend be paid?

The dividend for HTD will be paid on December 31, 2021.

What percentage of the HTD distribution is from net investment income?

In December 2021, 92% of the HTD distribution is sourced from net investment income.

How much has HTD returned over the last five years?

HTD has achieved an average annual total return of 7.95% over the five years ended November 30, 2021.

What is the current distribution rate for HTD?

The current distribution rate for HTD is 6.94% of NAV as of November 30, 2021.