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) declared its monthly distribution of $0.0825 per share payable November 28, 2025 to shareholders of record November 13, 2025 under its managed distribution plan.

The Fund estimates the distribution sources per share as: Net investment income $0.0547 (66%), Net realized short-term gains $0.0071 (9%), Net realized long-term gains $0.0207 (25%), and Return of capital $0.00 (0%). Fiscal year began November 1, 2025.

Reported metrics: 5-year average annual return (NAV) 10.51%, annualized distribution rate (NAV) 7.08%, and fiscal YTD total return (NAV) 11.01%.

Positive

• Monthly distribution of $0.0825 per share declared
• 66% of current distribution from net investment income
• 25% of distribution from long-term realized capital gains
• Annualized distribution rate of 7.08% relative to NAV

Negative

• Distribution relies 34% on realized capital gains (short+long)
• Fiscal year-to-date distribution rate is 0.59% of NAV

News Market Reaction

+0.15%

1 alert

+0.15% News Effect

On the day this news was published, PDT gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.0825 per share Net investment income portion: $0.0547 (66%) Short-term gains portion: $0.0071 (9%) +5 more

8 metrics

Monthly distribution $0.0825 per share November 2025 managed distribution plan payout

Net investment income portion $0.0547 (66%) Source of November 2025 distribution

Short-term gains portion $0.0071 (9%) Source of November 2025 distribution

Long-term gains portion $0.0207 (25%) Source of November 2025 distribution

Return of capital $0.0000 (0%) Return of capital in November 2025 distribution

5-year avg total return 10.51% (NAV) Five years ended October 31, 2025

Annualized distribution rate 7.08% (NAV) As of October 31, 2025

Fiscal YTD total return 11.01% (NAV) Fiscal year through October 31, 2025

Market Reality Check

Price: $12.91 Vol: Volume 233,142 vs 20-day ...

high vol

$12.91 Last Close

Volume Volume 233,142 vs 20-day average 149,813 (relative volume 1.56) ahead of this distribution update. high

Technical Price $12.55 trades 7.04% below 52-week high of $13.50 and below 200-day MA at $13.01.

Peers on Argus

Peer closed-end funds show mixed, modest moves, ranging from -0.46% (FAX) to 0.3...

Peer closed-end funds show mixed, modest moves, ranging from -0.46% (FAX) to 0.36% (IFN), indicating this dividend notice is largely stock-specific rather than a sector-wide driver.

Historical Context

5 past events · Latest: Nov 28 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 28	Monthly distribution notice	Positive	+0.1%	November 2025 payout with 66% from net investment income.
Oct 31	Monthly distribution notice	Positive	-0.5%	October payout with majority of distribution as return of capital.
Sep 30	Monthly distribution notice	Positive	+1.1%	September payout mostly from net investment income and solid returns.
Aug 29	Monthly distribution notice	Positive	+0.1%	August payout with strong income component and positive 5-year returns.
Jul 31	Monthly distribution notice	Positive	+0.1%	July payout including significant return of capital and 11.07% 5-year return.

Pattern Detected

Dividend notices have historically produced small moves, with an average same-tag reaction of 0.47% and mostly aligned positive responses.

Recent Company History

Over the last five dividend notices from June–November 2025, PDT consistently declared a monthly distribution of $0.0825 under its managed distribution plan. Source mixes have varied between net investment income, capital gains, and return of capital, while 5-year average annual total returns stayed around 10–11% and distribution rates near 7% of NAV. Price reactions to these updates have been modest, generally within about one percent in either direction.

Market Pulse Summary

This announcement confirmed PDT’s November 2025 monthly distribution of $0.0825 per share under its ...

Analysis

This announcement confirmed PDT’s November 2025 monthly distribution of $0.0825 per share under its managed distribution plan, funded entirely by net investment income and realized capital gains with 0% return of capital. The fund also highlighted a 10.51% 5-year average annual total return and a 7.08% distribution rate based on NAV. Investors may watch future notices for changes in source mix and whether performance metrics remain consistent.

Key Terms

managed distribution plan, net investment income, net realized short term capital gains, net realized long term capital gains, +2 more

6 terms

managed distribution plan financial

"pursuant to the Fund's managed distribution plan. This press release is"

A managed distribution plan is a company’s program to pay regular, predictable cash amounts to shareholders by setting a fixed schedule and target payout, often funded from operating cash, reserves, or return of capital. Think of it like a household budget that guarantees a monthly allowance: it provides steady income for investors but can mask when distributions exceed sustainable earnings, which may reduce the company’s capital over time and affect long‑term value.

net investment income financial

"from the following sources: net investment income; net realized short term"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

net realized short term capital gains financial

"sources: net investment income; net realized short term capital gains; net"

Net realized short term capital gains are the profits a person or fund actually pockets from selling investments held for one year or less, after subtracting any short-term losses or related offsets. Investors care because these gains are taxed like ordinary income, reducing after-tax returns and influencing decisions about when to sell assets; think of it like selling items at a garage sale and paying tax only on the total profit after accounting for any items you sold at a loss.

net realized long term capital gains financial

"net realized short term capital gains; net realized long term capital gains;"

Net realized long-term capital gains are the total profit an investor actually locks in from selling investments held longer than one year, after subtracting any losses and offsets. Think of it like the cleaned-up harvest from a season: it’s the money left over after you count both the good crops and the spoiled ones. Investors care because these gains usually get taxed at lower rates than short-term profits and can affect after-tax returns and reported fund distributions.

return of capital financial

"and return of capital or other capital source. All amounts are"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net asset value financial

"average annual total return (in relation to NAV) for the 5 years"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

AI-generated analysis. Not financial advice.

BOSTON, Nov. 28, 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 November 13, 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 November 3, 2025, and payable on November 28, 2025. No action is required on your part.

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

The following table sets forth the estimated sources of the current distribution, payable November 28, 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 11/01/2025-11/30/2025				For the fiscal year-to-date period 11/01/2025-11/30/2025 1
Source		Current Distribution ($)		% Breakdown of the Current Distribution		Total Cumulative Distributions ($)		% Breakdown of the Total Cumulative Distributions
Net Investment Income		0.0547		66 %		0.0547		66 %
Net Realized Short- Term Capital Gains		0.0071		9 %		0.0071		9 %
Net Realized Long- Term Capital Gains		0.0207		25 %		0.0207		25 %
Return of Capital or Other Capital Source		0.0000		0 %		0.0000		0 %
Total per common share		0.0825		100 %		0.0825		100 %
____________________________
1 The Fund's current fiscal year began on November 1, 2025 and will end on October 31, 2026.
Average annual total return (in relation to NAV) for the 5 years ended on October 31, 2025								10.51 %
Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2025								7.08 %
Cumulative total return (in relation to NAV) for the fiscal year through October 31, 2025								11.01 %
Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 2025								0.59 %

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 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 manulife.com.

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

View original content:https://www.prnewswire.com/news-releases/john-hancock-premium-dividend-fund-notice-to-shareholders--sources-of-distribution-under-section-19a-302628270.html

SOURCE John Hancock Investment Management

FAQ

What is the November 2025 distribution amount for John Hancock Premium Dividend Fund (PDT)?

The Fund declared a monthly distribution of $0.0825 per share payable November 28, 2025.

What are the sources of PDT's November 2025 distribution and their percentages?

Estimated sources: Net investment income 66%, Short-term gains 9%, Long-term gains 25%, Return of capital 0%.

How does PDT's annualized distribution rate compare to NAV as of October 31, 2025?

The annualized current distribution rate is 7.08% of NAV as of October 31, 2025.

When was the record date for PDT's November 2025 distribution?

Shareholders of record as of November 13, 2025 are eligible for the November 28, 2025 payment.

Will PDT’s November 2025 distribution include return of capital?

Estimated return of capital for the November 2025 distribution is $0.00 (0%).