John Hancock Premium Dividend Fund - Notice to Shareholders - Sources of Distribution Under Section 19(a)
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dividends
Rhea-AI Summary
John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of May 13, 2021, payable on May 28, 2021. This distribution aligns with the Fund's managed distribution plan. The estimated sources include 96% from net investment income and 3% from net realized long-term capital gains. This announcement is required by an SEC exemptive order granted to the Fund.
Positive
Monthly distribution of $0.0975 per share enhances shareholder income.
96% of the distribution is sourced from net investment income, indicating strong earnings.
Negative
None.
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Analyzing...
BOSTON, May 28, 2021 /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 May 13, 2021, 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 May 3, 2021, and payable on May 28, 2021. No action is required on your part.
Distribution Period:
May 2021
Distribution Amount Per Common Share:
$0.0975
The following table sets forth the estimated sources of the current distribution, payable May 28, 2021, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.
For the period 05/1/2021-05/31/2021
For the fiscal year-to-date period 11/1/2020-05/31/2021 1
Source
Current Distribution ($)
% Breakdown of the Current Distribution
Total Cumulative Distributions ($)
% Breakdown of the Total Cumulative Distributions
Net Investment Income
0.0941
96%
0.5537
81%
Net Realized Short- Term Capital Gains
0.0000
0%
0.0801
12%
Net Realized Long- Term Capital Gains
0.0029
3%
0.0291
4%
Return of Capital or Other Capital Source
0.0005
1%
0.0192
3%
Total per common share
0.0975
100%
0.6821
100%
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FAQ
What is the latest distribution amount for PDT?
The latest distribution amount for John Hancock Premium Dividend Fund (PDT) is $0.0975 per share.
When will the PDT distribution be paid?
The distribution will be paid on May 28, 2021.
What are the sources of the PDT distribution?
The current distribution sources are 96% net investment income and 3% net realized long-term capital gains.
Who is eligible for the PDT distribution?
Shareholders of record as of May 13, 2021, are eligible for the PDT distribution.
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