BOSTON, Dec. 20, 2018 /PRNewswire/ -- John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC and subadvised by both John Hancock Asset Management a division of Manulife Asset Management (US) LLC, and Analytic Investors, LLC, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of December 13, 2018, 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.   

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) with important information concerning the distribution declared on December 3, 2018, and payable on December 20, 2018. No action is required on your part.

Distribution Period:            

December 2018

Distribution Amount Per Common Share:

$0.1380

The following table sets forth the estimated sources of the current distribution, payable December 20, 2018, and the cumulative distributions paid this fiscal year to date from the following sources:  net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source


Current
Distribution ($)


% Breakdown
of the Current
Distribution


Total Cumulative
Distributions for
the Fiscal Year to
Date ($)1


% Breakdown
of the Total
Cumulative
Distributions
for the Fiscal
Year to Date1

Net Investment Income


0.0970


70%


0.2695


98%

Net Realized Short- Term Capital Gains


0.0043


3%


0.0065


2%

Net Realized Long- Term Capital Gains


0.0000


0%


0.0000


0%

Return of Capital or Other Capital Source


0.0367


27%


0.0000


 

0%

Total per common share


0.1380


100%


0.2760


100%










Average annual total return (in relation to NAV) for the 5 years ended on November 30, 2018


11.91%




Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2018


6.75%




Cumulative total return (in relation to NAV) for the fiscal year through November 30, 2018


1.45%




Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 2018


1.12%

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."

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.  The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the December 2018 distribution pursuant to the Fund's managed distribution plan (the "Plan").  Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.1380 per share, which will continue to be paid monthly until further notice.

If you have questions or need additional information, please contact your financial professional or call the John Hancock Investments Closed-End Fund Information Line at 1-800-843-0090, Monday through Friday between 8:00 a.m. and 7:00 p.m., Eastern Time.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.

About John Hancock Investments
John Hancock has helped individuals and institutions build and protect wealth since 1862. Today, we're one of the strongest and most-recognized financial brands. We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders. Our approach to asset management has led to a diverse set of investments deeply rooted in investor needs, along with strong risk-adjusted returns across asset classes.

About John Hancock Financial and Manulife Financial
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and as Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.1 trillion (US$849 billion) as of June 30, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

______________________________
1  The Fund's current fiscal year began on November 1, 2018, and will end on October 31, 2019.

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SOURCE John Hancock Investments