INN Blog

More Posts
 

John Hancock Closed-End Funds Declare Early Monthly Distributions

PR Newswire Association LLC

BOSTON, Dec. 20, 2013 /PRNewswire/ -- The five John Hancock closed-end funds listed below declared their monthly distributions today as follows:

Declaration Date:          December 20, 2013
Ex Date:                      December 26, 2013
Record Date:                December 30, 2013
Payment Date:             January 31, 2014

Ticker

Fund Name

Distribution Per Share

Change From Previous Distribution

Market Price as of 12/19/2013

Annualized Current Distribution Rate at Market

HPI

Preferred Income Fund

$0.1400

-

$17.62

9.53%

HPF

Preferred Income Fund II

$0.1400

-

Do your IULs have options like these?

$17.81

9.43%

HPS

Preferred Income Fund III

$0.1222

-

$15.56

9.42%

PDT

Premium Dividend Fund

$0.0800

-

$11.58

8.29%

HTD

Tax-Advantaged Dividend Income Fund

$0.1100

-

$17.67

7.47%

The Funds listed above have accelerated the declaration, ex-date, and record date of the regularly scheduled January distribution in order for the Funds to meet their 2013 distribution requirements for federal excise tax purposes. In February 2014, each of the above Funds expects to resume its regular monthly declaration, distribution and payment schedule.

Do your IULs have options like these?

A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. Such notice will also be posted to the Funds' website at www.jhinvestments.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

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 Investments
John Hancock Investments provides asset management services to individuals and institutions through a unique manager-of-managers approach.  A wealth management business of John Hancock Financial, we managed approximately $100 billion in assets as of September 30, 2013, across mutual funds, college savings plans, and retirement plans.

About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were C$574.6 billion (US$5558.7 billion) at September 30, 2013. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

Do your IULs have options like these?

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

SOURCE John Hancock Investments

Wordcount: 617



USER COMMENTS:

comments powered by Disqus

  More Newswires

More Newswires >>
  Most Popular Newswires

More Popular Newswires >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Do your IULs have options like these?