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Manulife Financial Corp
Symbol MFC
Shares Issued 1,948,859,681
Close 2019-12-20 C$ 26.41
Recent Sedar Documents

Manulife's John Hancock to pay distributions Jan. 31

2019-12-20 16:37 ET - News Release

An anonymous director reports

JOHN HANCOCK CLOSED-END FUNDS DECLARE EARLY MONTHLY DISTRIBUTIONS

Manulife Financial Corp.'s John Hancock closed-end funds listed herein today declared their monthly distributions for January, 2020.

Declaration date:  Dec. 20, 2019

Ex date:  Dec. 27, 2019

Record date:  Dec. 30, 2019

Payment date:  Jan. 31, 2020

The funds listed herein have accelerated the declaration, ex date and record date of the regularly scheduled January, 2020, distribution in order for the funds to meet their 2019 distribution requirements for federal excise tax purposes. In February, 2020, each of the funds expects to resume its regular monthly declaration, distribution and payment schedule.

                                                                                                    Annualized current
                                             Distribution            Change from   Market price as        distribution
Ticker                            Fund name     per share  previous distribution  of Dec. 19, 2019      rate at market

HPI                   Preferred Income Fund       $0.1235                      -            $22.52               6.58%
PDT                   Premium Dividend Fund       $0.0975                      -            $17.73               6.60%
HTD     Tax-Advantaged Dividend Income Fund       $0.1380                      -            $27.51               6.02%

John Hancock Premium Dividend Fund

Premium Dividend Fund declared its monthly distribution pursuant to the fund's managed distribution plan (PDT plan). Under the PDT plan, the fund makes monthly distributions of an amount equal to 9.75 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.

John Hancock Tax-Advantaged Dividend Income Fund

Tax-Advantaged Dividend Income Fund declared its monthly distribution pursuant to the fund's managed distribution plan (HTD plan). Under the HTD plan, the fund makes monthly distributions of an amount equal to 13.8 cents per share. This amount will be paid monthly until further notice.

Distributions under the HTD 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 HTD plan or terminate the HTD 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 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.

We seek Safe Harbor.

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