John Hancock Premium Dividend Fund Raises Monthly Payout by 7 Percent

This adjustment brings the fund's annualized distribution rate to 7.33 percent based on its June 24 net asset value of $14.45 per share. When calculated against the closing market price of $12.73 on the same date, the rate stands at 8.32 percent. Shareholders of record by July 13 are eligible for the upcoming payment.

Under the updated plan, distributions draw from a mix of net investment income, realized capital gains, and, if necessary, return of capital. While the fund intends to prioritize long-term capital gains to cover these payouts, the Board retains the authority to modify or terminate the plan at any time. Management emphasizes that distribution amounts should not be interpreted as a direct indicator of overall investment performance.