John Hancock Tax-Advantaged Dividend Income Fund Announces March Distribution
Boston, MA – March 31, 2025
John Hancock Investment Management LLC, an affiliate of Manulife Financial Corporation, and its sub-advisor, Manulife Investment Management (US) LLC, announced today the sources of the monthly distribution of $0.1380 per share paid to all shareholders of record as of March 13, 2025, for John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD). This distribution is pursuant to the Fund’s Managed Distribution Plan.
Sources of Distribution
The following table represents the estimated sources of the most recent distribution and the percentages of the distribution from income and capital gains. These estimates are based on the Fund’s investment experience and historical trends. Actual sources of income may vary in future periods:
- Net investment income: 56.5%
- Short-term capital gains: 19.3%
- Long-term capital gains: 24.2%
Impact on Individual Investors
For individual investors, the distribution from the John Hancock Tax-Advantaged Dividend Income Fund may impact their tax liability. Distributions from the fund that consist of net investment income (NII) and short-term capital gains (STCG) are subject to federal income tax, while long-term capital gains (LTCG) are taxed at a lower rate. The tax treatment of these distributions depends on the investor’s tax situation and individual circumstances.
Impact on the World
The announcement of the March distribution from the John Hancock Tax-Advantaged Dividend Income Fund may not have a significant impact on the global economy. Closed-end funds like HTD primarily serve institutional and individual investors, and their distributions are not typically large enough to influence broader economic trends. However, the fund’s investment strategy and performance may be of interest to other investors and financial analysts.
Conclusion
John Hancock Investment Management LLC and Manulife Investment Management (US) LLC have announced the sources of the monthly distribution of $0.1380 per share for the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD). The distribution is comprised of net investment income, short-term capital gains, and long-term capital gains. Individual investors should be aware of the tax implications of these distributions based on their specific circumstances. The impact of this announcement on the global economy is expected to be minimal.
For more information about the John Hancock Tax-Advantaged Dividend Income Fund, please visit the fund’s website or contact your financial advisor.
