JOHN HANCOCK PREMIUM DIVIDEND FUND
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NOTICE TO SHAREHOLDERS – SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on June 30, 2023, and payable on July 31, 2023. No action is required on your part.
Distribution Period: | July 2023 |
Distribution Amount Per Common Share: |
The following table sets forth the estimated sources of the current distribution, payable July 31, 2023, 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 07/1/2023-07/31/2023
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For the fiscal year-to-date period
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Source | Current | % Breakdown | Total Cumulative | % Breakdown | ||||
Net Investment Income | 0.0202 | 24 % | 0.4074 | 47 % | ||||
Net Realized Short- | 0.0000 | 0 % | 0.0000 | 0 % | ||||
Net Realized Long- | 0.0000 | 0 % | 0.0000 | 0 % | ||||
Return of Capital or | 0.0623 | 76 % | 0.4545 |
53 % | ||||
Total per common share | 0.0825 | 100 % | 0.8619 | 100 % | ||||
Average annual total return (in relation to NAV) for the 5 years ended on June 30, 2023 | 3.35 % | |||||||
Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2023 | 8.45 % | |||||||
Cumulative total return (in relation to NAV) for the fiscal year through June 30, 2023 | -1.05 % | |||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 2023 | 7.36 % |
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1 | The Fund's current fiscal year began on November 1, 2022 and will end on October 31, 2023. |
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 July 2023 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.
Statements in this press release that are not historical facts are forward-looking statements as defined by
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
About John Hancock Investment Management
A company of Manulife Investment Management, we serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in
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SOURCE John Hancock Investment Management
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