BOSTON, Oct. 31, 2019 /PRNewswire/ - John Hancock Premium
Dividend Fund (NYSE: PDT) (the "Fund"), a closed-end fund managed
by John Hancock Investment Management LLC and subadvised by
Manulife Investment Management (US) LLC, announced today sources of
its monthly distribution of $0.0975
per share paid to all shareholders of record as of October 11, 2019, 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 Premium
Dividend Fund (NYSE: PDT) with important information concerning the
distribution declared on October 1,
2019, and payable on October 31,
2019. No action is required on your part.
|
Distribution
Period:
|
October
2019
|
|
|
|
Distribution Amount
Per Common Share:
|
$0.0975
|
The following table sets forth the estimated sources of the
current distribution, payable October 31,
2019, and the cumulative distributions paid this fiscal year
to date from the following sources: net investment income;
net realized short term capital gains; net realized long term
capital gains; and return of capital or other capital source. All
amounts are expressed on a per common share basis and as a
percentage of the distribution amount.
|
Source
|
|
Current
Distribution ($)
|
|
% 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
|
|
0.0403
|
|
41%
|
|
0.7659
|
|
66%
|
|
Net Realized Short-
Term
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
|
Capital
Gains
|
|
Net Realized Long-
Term
|
|
0.0572
|
|
59%
|
|
0.4030
|
|
34%
|
|
Capital
Gains
|
|
Return of Capital
or
|
|
0.0000
|
|
0%
|
|
0.0000
|
|
0%
|
|
Other Capital
Source
|
|
Total per common
share
|
|
0.0975
|
|
100%
|
|
1.1689
|
|
100%
|
|
|
|
|
|
|
|
|
|
|
Average annual total
return (in relation to NAV) for the 5 years ended on September 30,
2019
|
|
10.43%
|
|
|
|
|
Annualized current
distribution rate expressed as a percentage of NAV as of September
30, 2019
|
|
7.38%
|
|
|
|
|
Cumulative total
return (in relation to NAV) for the fiscal year through September
30, 2019
|
|
18.73%
|
|
|
|
|
Cumulative fiscal
year-to-date distribution rate expressed as a percentage of NAV as
of
September 30, 2019
|
|
7.37%
|
|
|
|
--------------------------------------------
|
|
1
|
The Fund's current
fiscal year began on November 1, 2018, and will end on October 31,
2019.
|
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 October
2019 distribution pursuant to the Fund's managed
distribution plan (the "Plan"). Under the Plan, the Fund
makes fixed monthly distributions in the amount of $0.0975 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
Investment Management 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 Financial and Manulife Financial
John Hancock is a division of
Manulife Financial Corporation, a leading international financial
services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States and as Manulife elsewhere. We provide
financial advice, insurance, and wealth and asset management
solutions for individuals, groups, and institutions. Assets under
management and administration by Manulife and its subsidiaries were
over CAD$1.1 trillion (US$877 billion) as of June
30, 2019. Manulife Financial Corporation trades as MFC on
the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be
found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
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SOURCE John Hancock Investment Management