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

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John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share, payable on October 31, 2024, to shareholders of record as of October 11, 2024. The distribution sources include: 21% from net investment income, 21% from short-term capital gains, and 58% from long-term capital gains. The fund's average annual total return for the past 5 years was 5.84%, with a current distribution rate of 7.19% of NAV. The fund's cumulative total return for the fiscal year through September 30, 2024, stands at 40.47%.

Il John Hancock Premium Dividend Fund (NYSE: PDT) ha annunciato la distribuzione mensile di $0.0825 per azione, che sarà pagata il 31 ottobre 2024, agli azionisti registrati al 11 ottobre 2024. Le fonti della distribuzione includono: 21% da reddito da investimento netto, 21% da guadagni di capitale a breve termine e 58% da guadagni di capitale a lungo termine. Il ritorno totale medio annuale del fondo negli ultimi 5 anni è stato del 5.84%, con un attuale tasso di distribuzione del 7.19% del NAV. Il ritorno totale cumulativo del fondo per l'anno fiscale fino al 30 settembre 2024 è pari al 40.47%.

El John Hancock Premium Dividend Fund (NYSE: PDT) anunció su distribución mensual de $0.0825 por acción, que se pagará el 31 de octubre de 2024, a los accionistas registrados hasta el 11 de octubre de 2024. Las fuentes de la distribución incluyen: 21% de ingresos netos de inversión, 21% de ganancias de capital a corto plazo y 58% de ganancias de capital a largo plazo. El rendimiento total promedio anual del fondo durante los últimos 5 años fue de 5.84%, con una tasa de distribución actual del 7.19% del NAV. El rendimiento total acumulado del fondo para el año fiscal hasta el 30 de septiembre de 2024 es 40.47%.

존 핸콕 프리미엄 배당 펀드(NYSE: PDT)는 2024년 10월 31일에 $0.0825 주당 배당금을 지급한다고 발표했으며, 2024년 10월 11일 기준 주주에게 지급됩니다. 배당금 출처는 다음과 같습니다: 21%는 순투자수익, 21%는 단기 자본 이득, 58%는 장기 자본 이득입니다. 지난 5년 동안 펀드의 평균 연간 총 수익률은 5.84%였으며, 현재 배당률은 NAV의 7.19%입니다. 2024년 9월 30일까지의 회계연도 동안 펀드의 누적 총 수익률은 40.47%입니다.

Le John Hancock Premium Dividend Fund (NYSE: PDT) a annoncé sa distribution mensuelle de $0.0825 par action, qui sera payable le 31 octobre 2024, aux actionnaires enregistrés au 11 octobre 2024. Les sources de distribution comprennent : 21% provenant des revenus nets d'investissement, 21% des plus-values à court terme, et 58% des plus-values à long terme. Le rendement total annuel moyen du fonds au cours des 5 dernières années était de 5.84%, avec un taux de distribution actuel de 7.19% de la NAV. Le rendement total cumulé du fonds pour l'exercice jusqu'au 30 septembre 2024 s'élève à 40.47%.

Der John Hancock Premium Dividend Fund (NYSE: PDT) hat seine monatliche Ausschüttung von $0.0825 pro Aktie bekannt gegeben, die am 31. Oktober 2024 an Aktionäre ausgezahlt wird, die am 11. Oktober 2024 registriert sind. Die Quellen der Ausschüttung umfassen: 21% aus Netto-Anlageerträgen, 21% aus kurzfristigen Kapitalgewinnen und 58% aus langfristigen Kapitalgewinnen. Der durchschnittliche jährliche Gesamtertrag des Fonds in den letzten 5 Jahren betrug 5.84%, mit einer aktuellen Ausschüttungsquote von 7.19% des NAV. Der kumulierte Gesamtertrag des Fonds für das Geschäftsjahr bis zum 30. September 2024 beträgt 40.47%.

Positive
  • Strong cumulative total return of 40.47% for the fiscal year
  • Distribution fully covered by earnings with no return of capital in current period
  • Maintained stable monthly distribution of $0.0825 per share
  • Attractive current distribution rate of 7.19% based on NAV
Negative
  • Average annual total return of 5.84% over 5 years is relatively modest
  • 22% of fiscal year-to-date distributions came from return of capital

BOSTON, Oct. 31, 2024 /PRNewswire/ - John Hancock Premium Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.0825 per share paid to all shareholders of record as of October 11, 2024, 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 Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on October 1, 2024, and payable on October 31, 2024. No action is required on your part.

Distribution Period:                                      October 2024

Distribution Amount Per Common Share:    $0.0825

The following table sets forth the estimated sources of the current distribution, payable October 31, 2024, 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 10/1/2024-10/31/2024


For the fiscal year-to-date period 11/1/2023-10/31/2024 1

Source


Current
Distribution ($)


% Breakdown of the
Current Distribution


Total Cumulative
Distributions ($)


% Breakdown of the Total
Cumulative Distributions

Net Investment Income


0.0177


21 %


0.5463


55 %

Net Realized Short- Term Capital Gains


0.0172


21 %


0.1697


17 %

Net Realized Long- Term Capital Gains


0.0476


58 %


0.0556


6 %

Return of Capital or Other Capital Source


0.0000


0 %


0.2184


22 %

Total per common share


0.0825


100 %


0.9900


100 %










Average annual total return (in relation to NAV) for the 5 years ended on September 30, 2024


5.84 %




Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2024


7.19 %




Cumulative total return (in relation to NAV) for the fiscal year through September 30, 2024


40.47 %




Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 2024


7.19 %

________________________________________

1  The Fund's current fiscal year began on November 1, 2023 and will end on October 31, 2024.

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 October 2024 distribution pursuant to the Fund's managed distribution plan (the "Plan").  Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0825 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.

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 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 Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

Cision View original content:https://www.prnewswire.com/news-releases/john-hancock-premium-dividend-fund-notice-to-shareholders--sources-of-distribution-under-section-19a-302293407.html

SOURCE John Hancock Investment Management

FAQ

What is PDT's current monthly distribution amount?

PDT's current monthly distribution is $0.0825 per share.

What is PDT's distribution rate as of September 30, 2024?

PDT's annualized distribution rate is 7.19% of NAV as of September 30, 2024.

What was PDT's fiscal year-to-date total return through September 2024?

PDT achieved a cumulative total return of 40.47% for the fiscal year through September 30, 2024.

What are the sources of PDT's October 2024 distribution?

The October 2024 distribution consists of 21% net investment income, 21% short-term capital gains, and 58% long-term capital gains.

John Hancock Premium Dividend Fund

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