JOHN HANCOCK PREMIUM DIVIDEND FUND NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

Rhea-AI Summary

John Hancock Premium Dividend Fund (NYSE: PDT) has announced its monthly distribution of $0.0825 per share for June 2025, paid to shareholders of record as of June 12, 2025. The distribution sources include 74% from net investment income, 18% from net realized short-term capital gains, and 8% from net realized long-term capital gains.

The Fund reported notable performance metrics, including a 10.17% average annual total return for the five years ended May 31, 2025, and an annualized current distribution rate of 7.34% of NAV. The Fund's cumulative total return for the fiscal year through May 31, 2025, stands at 3.77%, with a fiscal year-to-date distribution rate of 4.89% of NAV.

The Fund operates under a managed distribution plan, maintaining fixed monthly distributions of $0.0825 per share until further notice. For the fiscal year-to-date period from November 1, 2024, to June 30, 2025, approximately 10% of distributions represented return of capital.

Positive

• None.

Negative

• 10% of fiscal year-to-date distributions represented return of capital, potentially indicating some distribution coverage challenges
• Modest 3.77% cumulative total return for the fiscal year through May 31, 2025

News Market Reaction

+0.53%

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+0.53% News Effect

On the day this news was published, PDT gained 0.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOSTON, June 30, 2025 /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 $0.0825 per share paid to all shareholders of record as of June 12, 2025, 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 June 2, 2025, and payable on June 30, 2025. No action is required on your part.

Distribution Period:	June 2025
Distribution Amount Per Common Share:	$0.0825

The following table sets forth the estimated sources of the current distribution, payable June 30, 2025, 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.

		For the period 06/01/2025-06/30/2025				For the fiscal year-to-date period 11/1/2024-06/30/2025 1
Source		Current Distribution ($)		% Breakdown of the Current Distribution		Total Cumulative Distributions ($)		% Breakdown of the Total Cumulative Distributions
Net Investment Income		0.0614		74 %		0.4447		67 %
Net Realized Short- Term Capital Gains		0.0146		18 %		0.1049		16 %
Net Realized Long- Term Capital Gains		0.0065		8 %		0.0447		7 %
Return of Capital or Other Capital Source		0.0000		0 %		0.0657		10 %
Total per common share		0.0825		100 %		0.6600		100 %
Average annual total return (in relation to NAV) for the 5 years ended on May 31, 2025								10.17 %
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2025								7.34 %
Cumulative total return (in relation to NAV) for the fiscal year through May 31, 2025								3.77 %
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 2025								4.89 %

___________________________________ 1  The Fund's current fiscal year began on November 1, 2024 and will end on October 31, 2025.

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 June 2025 distribution pursuant to the Fund's managed distribution plan (the "Plan").  Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0825 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 Manulife John Hancock 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 Manulife John Hancock Investments

We serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship.

About Manulife Wealth & Asset Management

As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media Contact:	Gordon Haight
	(617) 572-0034
Investor Contact:	(800) 843-0090

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SOURCE John Hancock Investment Management

FAQ

What is the current monthly distribution amount for John Hancock Premium Dividend Fund (PDT)?

PDT pays a fixed monthly distribution of $0.0825 per share under its managed distribution plan.

What is PDT's distribution yield and how is it paid?

The Fund has an annualized distribution rate of 7.34% based on NAV as of May 31, 2025, paid in monthly installments.

What are the sources of PDT's June 2025 distribution?

The June 2025 distribution consists of 74% net investment income, 18% net realized short-term capital gains, and 8% net realized long-term capital gains.

What is PDT's 5-year performance record?

The Fund has achieved an average annual total return of 10.17% in relation to NAV for the 5-year period ended May 31, 2025.

Has PDT's distribution included return of capital in fiscal year 2025?

Yes, 10% of the fiscal year-to-date distributions represented return of capital, though the current month's distribution contains no return of capital.