7.68% These Funds make distributions in accordance with a managed distribution plan. Under the managed distribution plan, a Fund issues a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information on payment date of the distribution. A Fund s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of Fund returns will cause its net asset value to erode. Investors should not draw any conclusions about a Fund s investment performance from the amount of its distribution or from the terms of its managed distribution plan. The Fund s Board may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders.
John Hancock Premium Dividend Fund
Premium Dividend Fund (the Fund ) declared its monthly distribution pursuant to the Fund s managed distribution plan (the PDT Plan ). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0975 per share. This amount will be paid monthly until further notice.
Distributions under the PDT 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 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 monthly distributions.
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BOSTON, April 30, 2021 /PRNewswire/ The Eaton Vance closed-end funds listed below released today the estimated sources of their April distributions (each a Fund ). This press release is issued as required by the Funds managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the April distribution. It is not determinative of the tax character of a Fund s distributions for the 2021 calendar year. Shareholders should note that each Fund s total regular distribution amount is subject to change as a result of market conditions or other factors.
100%
Average annual total return (in relation to NAV) for the 5 years ended on March 31, 2021
7.28%
6.87%
15.07%
3.43%
1 The Fund s current fiscal year began on November 1, 2020, and will end on October 31, 2021.
You should not draw any conclusions about the Fund s investment performance from the amount of this distribution or from the terms of the Fund s managed distribution plan.
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund s investment performance and should not be confused with yield or income.
Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.