John Hancock Closed-End Funds Declare Monthly Distributions
BOSTON, Feb. 3, 2025 /PRNewswire/ –
The John Hancock closed-end funds listed below declared their monthly distributions today as follows:
Declaration Date:
February 3, 2025
Ex Date:
February 13, 2025
Record Date:
February 13, 2025
Payment Date:
February 28, 2025
| Ticker | Fund Name | Distribution Per Share | Change From Previous Distribution | Market Price as of 1/31/2025 | Annualized Current Distribution Rate at Market |
|---|---|---|---|---|---|
| HPI | Preferred Income Fund I | $0.1235 | – | $17.35 | 8.54% |
| HPF | Preferred Income Fund II | $0.1235 | – | $16.87 | 8.79% |
| HPS | Preferred Income Fund III | $0.1100 | – | $14.97 | 8.82% |
| PDT | Premium Dividend Fund | $0.0825 | – | $12.81 | 7.73% |
| HTD | Tax-Advantaged Dividend Income Fund | $0.1380 | – | $22.63 | 7.32% |
John Hancock Premium Dividend 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 $0.0825 per share.
Impact on Individuals
Individual investors who hold shares in these John Hancock closed-end funds can expect to receive monthly distributions on the specified payment date. This can provide a source of regular income for investors who rely on dividends for cash flow.
Global Impact
Overall, the declaration of monthly distributions by these closed-end funds can have a positive impact on the financial markets. It demonstrates the fund’s commitment to providing returns to investors and can attract more investors looking for stable income opportunities.
Conclusion
In conclusion, the declaration of monthly distributions by the John Hancock closed-end funds is a positive sign for investors and the financial markets. It provides a steady source of income for individual investors and contributes to the overall stability of the global financial system.
