An anonymous director reports
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
The five John Hancock closed-end funds listed herein, each advised by John Hancock Advisers LLC and subadvised by John Hancock Asset Management (U.S.) LLC, a division of Manulife Financial Corp.'s Manulife Asset Management, have declared their monthly distributions.
DATES
Declaration date March 2, 2015
Ex date March 10, 2015
Record date March 12, 2015
Payment date March 31, 2015
DISTRIBUTIONS
Annualized
current
Ticker Fund name Distribution Change from Market price as of distribution rate
per share previous distribution Feb. 27, 2015 at market
HPI Preferred Income Fund $0.1400 -- $20.98 8.01%
HPF Preferred Income Fund II $0.1400 -- $20.99 8.00%
HPS Preferred Income Fund III $0.1222 -- $18.63 7.87%
PDT Premium Dividend Fund $0.0900 -- $14.14 7.64%
HTD Tax-Advantaged Dividend
Income Fund $0.1210 -- $21.81 6.66%
John Hancock Premium Dividend Fund
Premium Dividend Fund declared its monthly distribution pursuant to the fund's managed distribution plan. Under the PDT plan, the fund makes monthly distributions of an amount equal to nine cents 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. 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.
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, it managed $126-billion in assets as of Dec. 31, 2014, across mutual funds, college savings plans and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financials.
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