JOHN HANCOCK PREMIUM DIVIDEND FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share for May 2024, payable on May 31, 2024. The distribution sources include 90% net investment income and 10% return of capital, with no short or long-term capital gains. Year-to-date figures show 62% from net investment income, 4% from short-term gains, and 34% from return of capital. The 5-year average annual total return is 4.00%, with an annualized current distribution rate of 8.13% as of April 30, 2024. The cumulative fiscal return through April 30, 2024, is 20.30%, and the year-to-date distribution rate is 4.74%.
- Monthly distribution of $0.0825 per share declared for May 2024.
- 90% of the current monthly distribution sourced from net investment income.
- 5-year average annual total return stands at 4.00%.
- Annualized current distribution rate is 8.13% as of April 30, 2024.
- Cumulative total return for the fiscal year through April 30, 2024, is 20.30%.
- 10% of the current monthly distribution sourced from return of capital.
- Year-to-date sources of distribution include 34% from return of capital.
- No realized short-term or long-term capital gains in the current distribution.
- The Fund has distributed more than its income and net realized capital gains.
This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on May 1, 2024, and payable on May 31, 2024. No action is required on your part.
Distribution Period: | May 2024 |
Distribution Amount Per Common Share: |
The following table sets forth the estimated sources of the current distribution, payable May 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 05/1/2024-05/31/2024
|
For the fiscal year-to-date period
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Source | Current | % Breakdown | Total Cumulative | % Breakdown | ||||
Net Investment Income | 0.0740 | 90 % | 0.3561 | 62 % | ||||
Net Realized Short- Term Capital Gains | 0.0000 | 0 % | 0.0243 | 4 % | ||||
Net Realized Long- Term Capital Gains | 0.0000 | 0 % | 0.0000 | 0 % | ||||
Return of Capital or Other Capital Source | 0.0085 | 10 % | 0.1971 |
34 % | ||||
Total per common share | 0.0825 | 100 % | 0.5775 | 100 % | ||||
1 The Fund's current fiscal year began on November 1, 2023 and will end on October 31, 2024. | ||||||||
Average annual total return (in relation to NAV) for the 5 years ended on April 30, 2024 | 4.00 % | |||||||
Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2024 | 8.13 % | |||||||
Cumulative total return (in relation to NAV) for the fiscal year through April 30, 2024 | 20.30 % | |||||||
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 2024 | 4.74 % |
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 May 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
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.
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SOURCE John Hancock Investment Management
FAQ
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