John Hancock closed-end funds declare August 31 monthly distributions

John Hancock set Aug. 13 ex-date and Aug. 31 payment date for five closed-end funds, while PDT and HTD said fixed monthly payouts continue under managed distribution plans that may include return of capital.

Summary

John Hancock Investment Management said five John Hancock closed-end funds declared monthly distributions on Aug. 3, 2026, with an ex-date of Aug. 13, 2026 and payment on Aug. 31, 2026. The funds listed were HPI Preferred Income Fund I, HPF Preferred Income Fund II, HPS Preferred Income Fund III, PDT Premium Dividend Fund and HTD Tax-Advantaged Dividend Income Fund. Reported per-share distributions included $0.1235 for HPI, $0.1100 for HPS, $0.0883 for PDT and $0.1580 for HTD, while HPF was listed with a market price of $15.84 and an annualized current distribution rate at market of 9.36%. PDT and HTD said their distributions are being made under managed distribution plans that may include net investment income, realized capital gains or return of capital, and their boards may amend or terminate those plans at any time.

Terms & Concepts
  • Closed-end fund: An investment fund with a fixed number of shares that typically trade on an exchange and can trade at a discount or premium to net asset value.
  • Managed distribution plan: A policy under which a fund targets a set recurring payout that may be funded by income, realized gains or return of capital.
  • Return of capital: A distribution that gives investors back part of their invested principal rather than paying only fund income or gains.