The closed-end fund said 55% of the July monthly distribution is estimated to be return of capital under its managed distribution plan, with payment set for July 31, 2026.
John Hancock Tax-Advantaged Dividend Income Fund said its July 2026 monthly distribution of $0.1580 per common share will be paid on July 31, 2026, to shareholders of record as of July 13, 2026, under its managed distribution plan. The fund estimates that 45% of the current payout, or $0.0713 per share, comes from net investment income and 55%, or $0.0867 per share, from return of capital or other capital source, with no contribution from net realized short-term capital gains. For the fiscal year to date from November 1, 2025 through July 31, 2026, cumulative distributions total $1.4220 per share, broken down as 70% net investment income, 30% net realized long-term capital gains, and no net realized short-term capital gains disclosed in the notice. The fund said investors should not infer investment performance from the distribution amount or the managed distribution plan, adding that a return of capital does not necessarily reflect performance and should not be confused with yield or income. It also said the figures are estimates rather than tax-reporting amounts, and final reporting will be provided on Form 1099-DIV.