BOSTON, April 28, 2017 /PRNewswire/ -- John Hancock
Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a
closed-end fund managed by John Hancock Advisers, LLC and
subadvised by both John Hancock Asset Management a division of
Manulife Asset Management (US) LLC, and Analytic Investors, LLC,
announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of
record as of April 13, 2017, pursuant
to the Fund's managed distribution plan. This press release is
issued as required by an exemptive order granted to the Fund by the
U.S. Securities and Exchange Commission.
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock
Tax-Advantaged Dividend Income Fund (NYSE: HTD) with important
information concerning the distribution declared on April 03, 2017, and payable on April 28, 2017. No action is required on your
part.
Distribution
Period:
|
April 2017
|
Distribution Amount
Per Common
Share:
|
$0.1380
|
The following table sets forth the estimated sources of the
current distribution, payable April 28,
2017, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income;
net realized short term capital gains; net realized long term
capital gains; and return of capital or other capital source. All
amounts are expressed on a per common share basis and as a
percentage of the distribution amount.
Source
|
|
Current
Distribution($)
|
|
% Breakdown
of the Current
Distribution
|
|
Total Cumulative
Distributions for
the Fiscal Year to
Date ($)1
|
|
% Breakdown
of the Total
Cumulative
Distributions
for the Fiscal
Year to Date1
|
Net Investment
Income
|
|
0.0805
|
|
58%
|
|
0.8280
|
|
100%
|
Net Realized
Short-
Term Capital
Gains
|
|
0.0025
|
|
2%
|
|
0.0000
|
|
0%
|
Net Realized
Long-
Term Capital
Gains
|
|
0.0010
|
|
1%
|
|
0.0000
|
|
0%
|
Return of Capital
or
Other Capital
Source
|
|
0.0540
|
|
39%
|
|
0.0000
|
|
0%
|
Total per common
share
|
|
0.1380
|
|
100%
|
|
0.8280
|
|
100%
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on March 31,
2017
|
|
13.75%
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of
March 31, 2017
|
|
6.33%
|
|
|
|
Cumulative total
return (in relation to NAV) for the fiscal year through March 31,
2017
|
|
5.60%
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of March 31, 2017
|
|
3.17%
|
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution or from the terms
of the Fund's managed distribution plan.
The Fund estimates that it has distributed more than its income
and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital
may occur, for example, when some or all of the money that you
invested in the Fund is paid back to you. A return of capital
distribution does not necessarily reflect the Fund's investment
performance and should not be confused with "yield" or
"income."
The amounts and sources of distributions reported in this Notice
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for
tax reporting purposes will depend upon the Fund's investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report these distributions for federal income tax
purposes.
The Fund has declared the April
2017 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund
makes fixed monthly distributions in the amount of $0.1380 per share, which will continue to be paid
monthly until further notice.
If you have questions or need additional information, please
contact your financial professional or call the John Hancock
Investments Closed-End Fund Information Line at 1-800-843-0090,
Monday through Friday between 8:00 a.m. and
7:00 p.m., Eastern Time.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before investing.
About John Hancock Investments
John Hancock
Investments provides asset management services to individuals and
institutions through a unique manager-of-managers approach. A
wealth management business of John Hancock Financial, we managed
more than $135 billion in assets as
of December 31, 2016 across mutual
funds, college savings plans, and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a
leading Canada-based financial
services group with principal operations in Asia, Canada
and the United States. Operating
as Manulife Financial in Canada
and Asia, and primarily as John
Hancock in the United States, the
Company offers clients a diverse range of financial protection
products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were
C$977 billion (US$728 billion) as of December 31, 2016. Manulife Financial Corporation
trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the
SEHK. Manulife Financial can be found on the Internet at
manulife.com.
The John Hancock unit, through its insurance companies,
comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range
of financial products, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, college savings, and other
forms of business insurance. Additional information about John
Hancock may be found at johnhancock.com.
1 The Fund's current fiscal year began on
November 1, 2016, and will end on
October 31, 2017.
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SOURCE John Hancock Tax-Advantaged Dividend Income Fund