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Manulife premium fund releases distribution sources

2019-08-30 16:48 ET - News Release

An anonymous director reports


John Hancock Premium Dividend Fund, a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Financial Corp.'s Manulife Investment Management (U.S.) LLC, has released the sources of its monthly distribution of 9.75 cents per share paid to all shareholders of record as of Aug. 12, 2019, 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 United States Securities and Exchange Commission.

Notification of sources of distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund with important information concerning the distribution declared on Aug. 1, 2019, and payable on Aug. 30, 2019. No action is required on the part of shareholders.

Distribution period:  August, 2019

Distribution amount per common share:  9.75 cents

The attached table sets forth the estimated sources of the current distribution, payable on Aug. 30, 2019, 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.

Shareholders 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 the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that was invested in the fund is paid back. 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 a Form 1099-DIV for the calendar year that will give instructions on how to report these distributions for federal income tax purposes.

The fund has declared the August, 2019, distribution pursuant to the fund's managed distribution plan. Under the plan, the fund makes fixed monthly distributions in the amount of 9.75 cents per share, which will continue to be paid monthly until further notice.

An investor should consider a fund's investment objectives, risks, charges and expenses carefully before investing.

About Manulife Financial Corp.

John Hancock is a division of Manulife Financial, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. The company operates primarily as John Hancock in the United States and as Manulife elsewhere.

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