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John Hancock Closed-End Funds Declare Monthly Distributions

BOSTON, Oct. 1, 2024 /PRNewswire/ – The John Hancock closed-end funds listed below declared their monthly distributions today as follows:

Declaration Date: October 1, 2024

Ex Date: October 11, 2024

Record Date: October 11, 2024

Payment Date: October 31, 2024

Tickers | Fund Name | Distribution Per Share | Change From Previous Distribution | Market Price as of 9/30/2024 | Annualized Current Distribution Rate at Market

HPI | Preferred Income Fund | $0.1235 | – | $18.95 | 7.82 %

HPF | Preferred Income Fund II | $0.1235 | – | $18.65 | 7.95 %

HPS | Preferred Income Fund III | $0.1100 | – | $17.24 | 7.66 %

PDT | Premium Dividend Fund | $0.0825 | – | $13.22 | 7.49 %

HTD | Tax-Advantaged Dividend Income Fund | $0.1380 | – | $23.22 | 7.13 %

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 $0.0825 per share.

Now let’s dive into what this all means and how it may impact you and the world!

How Does This Affect Me?

As an investor, the monthly distributions declared by the John Hancock closed-end funds offer you the opportunity to earn a steady income from your investments. Depending on the fund you are invested in, you can expect to receive a certain amount per share on a monthly basis. This can be a great way to supplement your existing income or save for future goals.

How Does This Affect the World?

While the impact of these monthly distributions may not be immediately apparent on a global scale, they do contribute to the overall functioning of the financial markets. By providing investors with regular income streams, the John Hancock closed-end funds help to support economic growth and stability. Additionally, the funds’ managed distribution plans ensure that distributions are made in a controlled and sustainable manner.

Conclusion

In conclusion, the monthly distributions declared by the John Hancock closed-end funds offer investors the opportunity to earn a steady income while contributing to the stability of the financial markets. Whether you are a seasoned investor or just starting out, these funds provide a valuable way to grow your wealth and achieve your financial goals.