BOSTON, Nov. 30, 2015 /PRNewswire/ -- John Hancock
Premium Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund
managed by John Hancock Advisers, LLC and subadvised by John
Hancock Asset Management a division of Manulife Asset Management
(US) LLC, announced today sources of its monthly distribution of
$0.0900 per share paid to all
shareholders of record as of November 12,
2015, pursuant to the Fund's managed distribution plan.
Notification of Sources of Distribution
This notice provides shareholders of the John Hancock Premium
Dividend Fund (NYSE: PDT) with important information concerning the
distribution declared on November 2,
2015, and payable on November 30,
2015. No action is required on your part.
|
Distribution
Period:
|
November
2015
|
|
|
|
Distribution Amount
Per Common
Share:
|
$0.0900
|
The following table sets forth the estimated sources of the
current distribution, payable November 30,
2015, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income;
net realized short term capital gains; net realized long term
capital gains; and return of capital or other capital source. All
amounts are expressed on a per common share basis and as a
percentage of the distribution amount.
|
Source
|
|
Current Distribution
($)
|
|
% 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
|
|
0.0900
|
|
100%
|
|
0.0900
|
|
100%
|
|
Net Realized
Short-
Term Capital Gains
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
|
Net Realized
Long-
Term Capital Gains
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
|
Return of Capital
or
Other Capital Source
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
|
Total per common
share
|
|
0.0900
|
|
100%
|
|
0.0900
|
|
100%
|
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on October 31,
2015
|
|
12.97%
|
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of
October 31, 2015
|
|
7.13%
|
|
|
|
|
Cumulative total
return (in relation to NAV) for the fiscal year through October 31,
2015
|
|
6.18%
|
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of October 31, 2015
|
|
0.59%
|
|
|
1
The Fund's current fiscal year began on November 1, 2015, and will
end on October 31, 2016.
|
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 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 November
2015 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund
makes fixed monthly distributions in the amount of $0.0900 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 $127 billion in
assets as of September 30, 2015,
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$888 billion (US$663 billion) as of September 30, 2015. 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, long-term care insurance,
college savings, and other forms of business insurance. Additional
information about John Hancock may be found at johnhancock.com.
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SOURCE John Hancock Investments