John Hancock Tax-Advantaged Dividend Income Fund Announces Amendment To Managed Distribution Plan And Declares An Increased Monthly Distribution

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC (the "Adviser") and subadvised by Manulife Investment Management (US) LLC (the "Subadviser"), announced today that its Board of Trustees voted to amend its current managed distribution plan (the "Plan"), increasing the amount of its monthly distribution by 15 percent. Under the Plan, the Fund will make monthly distributions of an amount equal to $0.158 per share, an increase over the previous monthly distribution of $0.138 per share. This new amount will be paid monthly until further notice. Pursuant to its Plan, the Fund declared its monthly distribution today as follows: Declaration Date: June 26, 2025 Ex Date: July 11, 2025 Record Date: July 11, 2025 Payment Date: July 31, 2025 Distribution Amount: $0.158 This new distribution amount equates to an annualized distribution rate of 7.67% based on the Fund's NAV of $24.72 and 8.31% based on the closing share price of $22.82 as of June 25, 2025. Distributions under the Plan may consist of net investment income, net realized long-term capital gains, net realized short-term capital gains and, to the extent necessary, return of capital. The Fund intends to fund its distributions, to the extent appropriate, through the realization of long-term capital gains when the distribution amount exceeds net investment income. The Fund will seek to realize capital gains for this purpose in a manner which the Adviser and Subadviser believe is consistent with prudent portfolio management and the investment objective, policies and guidelines of the Fund. The estimated character of each distribution is disclosed to shareholders with each distribution notice. The Fund may also make additional distributions (i) for purposes of not incurring federal income tax on investment company taxable income and net capital gain of the Fund, if any, not included in such regular distributions and (ii) for purposes of not incurring federal excise tax on ordinary income and capital gain net income, if any, not included in such regular quarterly distributions.... Read more

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