John Hancock Tax-Advantaged Dividend Income Fund Notice to Shareholders - Sources of Distribution Under Section 19(a)
On September 30, 2021, John Hancock Tax-Advantaged Dividend Income Fund (HTD) announced a monthly distribution of $0.1380 per share, payable to shareholders of record as of September 13, 2021. This distribution is part of the Fund's managed distribution plan and is categorized into sources including net investment income (82%) and return of capital (18%). As of August 31, 2021, the annualized current distribution rate was 6.58%, with a cumulative total return of 23.49% for the fiscal year. The Fund has distributed more than its income and net realized capital gains, indicating a portion may be a return of capital.
- Monthly distribution of $0.1380 per share reinforces income stability for shareholders.
- 82% of the distribution is sourced from net investment income, indicating healthy performance.
- Annualized current distribution rate stands at 6.58%, suggesting competitive returns.
- A portion of the distribution is a return of capital, indicating potential concerns regarding sustainability.
BOSTON, Sept. 30, 2021 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by both Manulife Investment Management (US) LLC, and Wells Capital Management Incorporated, announced today sources of its monthly distribution of
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) with important information concerning the distribution declared on September 1, 2021, and payable on September 30, 2021. No action is required on your part.
Distribution Period: | September 2021 |
Distribution Amount Per Common Share: |
The following table sets forth the estimated sources of the current distribution, payable September 30, 2021, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.
For the period 9/1/2021-9/30/2021 | For the fiscal year-to-date period | |||||||
Source | Current Distribution ($) | % Breakdown of the Current Distribution | Total Cumulative Distributions ($) | % Breakdown of the Total Cumulative Distributions | ||||
Net Investment Income | 0.1127 | 1.3218 | ||||||
Net Realized Short- | 0.0000 | 0.0000 | ||||||
Term Capital Gains | ||||||||
Net Realized Long- | 0.0000 | 0.1959 | ||||||
Term Capital Gains | ||||||||
Return of Capital or | 0.0253 | 0.0000 |
| |||||
Other Capital | ||||||||
Total per common | 0.1380 | 1.5177 | ||||||
Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2021 | ||||||||
Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2021 | ||||||||
Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2021 | ||||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 2021 | ||||||||
___________________ |
1 The Fund's current fiscal year began on November 1, 2020 and will end on October 31, 2021. |
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 Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
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 September 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
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
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.
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SOURCE John Hancock Investment Management
FAQ
What is the monthly distribution amount for HTD in September 2021?
When was the record date for the September 2021 distribution for HTD?
What percentage of the September distribution for HTD comes from net investment income?
What is the annualized current distribution rate for HTD as of August 31, 2021?
Are there any returns of capital in HTD's September 2021 distribution?
