John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax Advantaged Dividend Fund operates as a closed-end investment fund/investment trust. It seeks to provide a high level of after-tax total return from dividend income and capital appreciation by investing its assets in dividend-paying common and preferred securities. The firm investment management services are provided through John Hancock Advisers, Inc. The company was founded in 2004 and is headquartered in Boston, MA.

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Nuveen AMT-Free Municipal Value Fund

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John Hancock Premium Dividend Fund

PIMCO Dynamic Income Strategy Fund

4 Closed-End Fund Buys In The Month Of March 2024

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

BOSTON , April 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: April 1, 2024 Ex Date: April 10, 2024 Record Date: April 11, 2024 Payment Date: April 30, 2024   Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 3/28/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.63 8.91 % HPF Preferred Income Fund II $0.1235 - $16.53 8.97 % HPS Preferred Income Fund III $0.1100 - $15.43 8.55 % PDT Premium Dividend Fund $0.0825 - $11.65 8.50 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $19.66 8.42 % 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 $0.0825 per share.

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

BOSTON , March 28, 2024 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of March 11, 2024, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.

JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

John Hancock Tax-Advantaged Dividend Income Fund is back trading at an attractive relative and absolute discount. The HTD closed-end fund offers exposure to utility and fixed-income/preferred securities, which should perform well going forward after being beaten down by the higher-rate environment. HTD has delivered a steady monthly distribution, and while a distribution cut can never be 100% ruled out, I do suspect the payout is fairly safe for the time being.

HTD: Looking Like A Value

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BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

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JPMorgan Equity Premium Income ETF

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Special Opportunities Fund Inc

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Cohen & Steers Infrastructure Fund Inc

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

The John Hancock Tax-Advantaged Dividend Income Fund offers a high level of current income with an 8.70% yield, higher than the S&P 500 Index and Alerian MLP Index. The fund focuses on common equities, particularly utility stocks, which provide stable cash flows and higher dividend yields. The fund's leverage ratio has improved but is still higher than ideal, and it has failed to fully cover its distribution over the past two years.

HTD: Latest Report Shows Continuing Pressure On Distribution, But Still A Good Fund

Adams Diversified Equity Fund

Oxford Lane Capital

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

Blackrock ESG Capital Allocation Trust

Eaton Vance Tax-Advantaged Global Dividend Income Fund

NXG NextGen Infrastructure Income Fund

PIMCO Dynamic Income Opportunities Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Reaves Utility Income Fund

I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

My Top 10 Closed-End Fund Holdings: December 2023

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

BOSTON , Dec. 29, 2023 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of December 11, 2023, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.

JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

John Hancock Financial Opportunities Fund

John Hancock Hedged Equity & Income Fund

John Hancock Tax-Advantaged Global Shareholder Yield Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

BOSTON , Dec. 14, 2023 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), and John Hancock Tax-Advantaged Global Shareholder Yield (NYSE: HTY) (each a "Fund" and collectively, the "Funds") announced today that the Board of Trustees has renewed the Funds' share repurchase plans.  The Board of Trustees approved the renewal of the share repurchase plans as part of its ongoing evaluation of options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value per share ("NAV") of the Funds' common shares.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE RENEWAL OF SHARE REPURCHASE PLANS

John Hancock Premium Dividend Fund cut its distribution earlier this year, leading to a sell-off, but the discount/premiums of closed-end funds can be exploited by investors. PDT's discount has narrowed since the distribution cut pushed it to a wide discount; it remains at a fairly attractive discount level even after it has narrowed. Swapping back to John Hancock Tax-Advantaged Dividend Income Fund from PDT could make sense here, but I wouldn't expect the results to be as swift with no major catalyst.

PDT And HTD: Exploiting Discounts In Closed-End Funds

The John Hancock Tax-Advantaged Dividend Income Fund aims to provide high current income and capital gains through investments in common equity. The fund has underperformed the S&P 500 Index over the past two months but has only lost 5.14% for investors when considering distributions. The fund primarily invests in utilities and companies with stable finances, but its leverage is concerning in the current interest rate environment.

HTD: Good Fund, But Be Ready For A Distribution Cut

BOSTON , Sept. 28, 2023 /PRNewswire/ - The ten John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 20, 2024, at 2:00 p.m.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

Duff & Phelps Global Utility Income Fund Inc

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)

The John Hancock Tax-Advantaged Dividend Income Fund focuses on high-yielding dividend-paying stocks, particularly in the utility sector. The fund's declining share price presents an opportunity for investors, as it currently yields 8.61% and has a strong distribution track record. The fund's leverage and ability to cover its distribution with net investment income are concerning, and its net assets have been declining for eighteen months.

HTD: Well Positioned For A Recession, But Struggling With The Distribution

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

NOTICE TO SHAREHOLDERS – SOURCES OF DISTRIBUTION UNDER SECTION 19(a) BOSTON , July 31, 2023 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of July 13, 2023, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.

JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND

The John Hancock Tax-Advantaged Dividend Income Fund primarily invests in dividend-paying equity securities. It has delivered modest long-term returns with higher than benchmark volatility, and its returns appear to be sufficient to fund its distribution yield. The HTD fund does not appear to be an amortizing 'return of principal' fund that liquidates NAV to fund distributions, unlike other John Hancock fixed-income funds.

HTD: Serviceable Utilities-Focused Equity Fund

Investors today are in desperate need of income as inflation has not been dropping nearly as fast as the headlines are leading us to believe. John Hancock Tax-Advantaged Dividend Income Fund invests primarily in utilities and other high-yielding common stocks that should prove very resistant to economic trouble. The HTD closed-end fund typically outperforms its benchmarks during bull markets but underperforms during bear markets.

HTD: Income And Growth Potential

My Income Portfolio And Return Of Capital.

My Income Portfolio And Return Of Capital

HTD: Long-Term Winner Despite Latest Volatility

The world seeks complexity, but simplicity often trumps complexity. For my investment goals, I have made the choice to focus mainly on CEFs and ETFs, carefully weighing their merits and drawbacks.

My Income Portfolio - Keep It Simple, Sweetheart

Investors today, like all Americans, are desperately in need of extra income to maintain their lifestyles in the face of high rates of inflation. John Hancock Tax-Advantaged Dividend Income Fund invests in a portfolio of dividend stocks and then applies leverage to boost the portfolio.

HTD: This 7.98%-Yielding CEF Might Be Worth Considering Today

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Tortoise Energy Infrastructure

Data aggregator websites such as Morningstar or CEFData are merely places to get initial ideas. With CEFs that can get rather niche and are actively managed, it becomes even more imperative as things change constantly.

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