JOHN HANCOCK PREMIUM DIVIDEND FUND NOTICE TO SHAREHOLDERS – SOURCES OF DISTRIBUTION UNDER SECTION 19(a)
BOSTON, Nov. 29, 2024 – 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 12, 2024, pursuant to the Fund’s managed distribution plan. This notice is issued in compliance with an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.
Notification of Sources of Distribution
This notice provides shareholders with important information concerning the distribution declared on November 1, 2024, and payable on November 29, 2024. No action is required on your part.
Distribution Period:
November 2024
Distribution Amount Per Common Share:
$0.0825
The table below sets forth the estimated sources of the current distribution, payable November 29, 2024, along with the cumulative distributions paid this fiscal year to date from various sources:
| Source | Current Distribution ($) | % Breakdown of the Current Distribution | Total Cumulative Distributions ($) | % Breakdown of the Total Cumulative Distributions |
|---|---|---|---|---|
| Net Investment Income | 0.0672 | 81 % | 0.0672 | 81 % |
| Net Realized Short- Term Capital Gains | 0.0038 | 5 % | 0.0038 | 5 % |
| Net Realized Long- Term Capital Gains | 0.0115 | 14 % | 0.0115 | 14 % |
| Return of Capital or Other Capital Source | 0.0000 | 0 % | 0.0000 | 0 % |
| Total per common share | 0.0825 | 100 % | 0.0825 | 100 % |
Performance Overview
The average annual total return (in relation to NAV) for the 5 years ended on October 31, 2024, is 5.76%. The annualized current distribution rate expressed as a percentage of NAV as of October 31, 2024, is 7.28%. Additionally, the cumulative total return (in relation to NAV) for the fiscal year through October 31, 2024, is 39.63%. The cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 2024, is 0.61%.
Note: 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 based on the amount of this distribution or from the terms of the Fund’s managed distribution plan. The amounts and sources of distributions reported are estimates and are not provided for tax reporting purposes. The actual amounts for tax reporting will depend on the Fund’s investment performance and may change based on tax regulations. The Fund will issue a Form 1099-DIV for the calendar year which will guide you on how to report these distributions for federal income tax purposes.
The Fund has declared the November 2024 distribution under its managed distribution plan, which entails fixed monthly distributions of $0.0825 per share, to continue being paid until further notice.
Forward-Looking Statements
Statements in this notice that are not historical facts are forward-looking statements as defined by U.S. securities laws. Caution is advised when interpreting and relying on such statements as they may be subject to uncertainties and factors beyond the Fund’s control, potentially causing actual results to differ materially.
Considerations for Investors
An investor should carefully consider the Fund’s investment objectives, risks, charges, and expenses prior to investing.
