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John Hancock Closed-End Funds Declare Monthly Distributions

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BOSTON, Feb. 1, 2018 /PRNewswire/ — The five John Hancock closed-end funds listed below declared their monthly distributions today as follows:

Declaration Date:      

February  1, 2018

Ex Date:

February  9, 2018

Record Date:

February 12, 2018

Payment Date:

February 28, 2018

Ticker

Fund Name

Distribution
Per Share

Change From
Previous
Distribution

Market Price as
of 1/31/2018

Annualized Current
Distribution Rate at
Market

HPI

Preferred Income Fund

$0.1400

$20.36

8.25%

HPF

Preferred Income Fund II

$0.1400

$20.15

8.34%

HPS

Preferred Income Fund III

$0.1222

$17.59

8.34%

PDT

Premium Dividend Fund

$0.0975

$15.74

7.43%

HTD

Tax-Advantaged Dividend
Income Fund

$0.1380

$22.73

7.29%

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 $0.0975 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 (the “Fund”) declared its monthly distribution pursuant to the Fund’s managed distribution plan (the “HTD Plan”). Under the HTD Plan, the Fund makes monthly distributions of an amount equal to $0.1380 per share.

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