BOSTON, Sept. 1, 2016 /PRNewswire/ -- The five John
Hancock closed-end funds listed below declared their monthly
distributions today as follows:
Declaration
Date:
|
September 1,
2016
|
Ex
Date:
|
September 8,
2016
|
Record
Date:
|
September 12,
2016
|
Payment
Date:
|
September 30,
2016
|
Ticker
|
Fund
Name
|
Distribution
Per Share
|
Change From
Previous
Distribution
|
Market Price
as
of 8/31/2016
|
Annualized
Current
Distribution Rate at
Market
|
HPI
|
Preferred Income
Fund
|
$0.1400
|
-
|
$22.63
|
7.42%
|
HPF
|
Preferred Income Fund
II
|
$0.1400
|
-
|
$22.82
|
7.36%
|
HPS
|
Preferred Income Fund
III
|
$0.1222
|
-
|
$20.13
|
7.28%
|
PDT
|
Premium Dividend
Fund
|
$0.0975
|
-
|
$17.24
|
6.79%
|
HTD
|
Tax-Advantaged
Dividend
Income Fund
|
$0.1210
|
-
|
$24.41
|
5.95%
|
John Hancock Premium Dividend Fund
Premium Dividend
Fund (the "Fund") declared its monthly distribution pursuant to the
Fund's managed distribution plan (the "PDT Plan"). Under the PDT
Plan, the Fund makes monthly distributions of an amount equal to
$0.0975 per share. This amount will
be paid monthly until further notice.
Distributions under the PDT Plan may consist of net investment
income, net realized long-term capital gains, net realized
short-term capital gains and, to the extent necessary, return of
capital.
The Fund may also make additional distributions (i) for purposes
of not incurring federal income tax on investment company taxable
income and net capital gain of the Fund, if any, not included in
such regular distributions and (ii) for purposes of not incurring
federal excise tax on ordinary income and capital gain net income,
if any, not included in such regular monthly distributions.
The Board may amend the terms of the PDT Plan or terminate the
PDT Plan at any time.
A portion of a Fund's current distribution may include sources
other than net investment income, including a return of capital.
Investors should understand that a return of capital is not a
distribution from income or gains of a Fund. As required under the
Investment Company Act of 1940, a notice with the estimated
components of the distribution will be sent to shareholders at the
time of payment if it does not consist solely of net investment
income. Such notice will also be posted to the Funds' website at
www.jhinvestments.com. The notice should not be used to prepare tax
returns as the estimates indicated in the notice may differ from
the ultimate federal income tax characterization of distributions.
After the end of each calendar year, investors will be sent a Form
1099-DIV informing them how to report distributions received during
that year for federal income tax purposes.
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 Investments
John Hancock
Investments provides asset management services to individuals and
institutions through a unique manager-of-managers approach. A
wealth management business of John Hancock Financial, we managed
more than $133 billion in assets as
of June 30, 2016, across mutual
funds, college savings plans, and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a
leading Canada-based financial
services group with principal operations in Asia, Canada
and the United States. Operating
as Manulife Financial in Canada
and Asia, and primarily as John
Hancock in the United States, the
Company offers clients a diverse range of financial protection
products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were
C$934 billion (US$718 billion) as of June
30, 2016. Manulife Financial Corporation trades as 'MFC' on
the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife
Financial can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies,
comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range
of financial products, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, long-term care insurance,
college savings, and other forms of business insurance. Additional
information about John Hancock may be found at johnhancock.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/john-hancock-closed-end-funds-declare-monthly-distributions-300321822.html
SOURCE John Hancock Investments