BOSTON, Sept. 2 /PRNewswire-FirstCall/ -- John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) declared its quarterly distribution today as follows: Declaration Date: September 2, 2008 Ex Date: September 12, 2008 Record Date: September 16, 2008 Payment Date: September 30, 2008 Distribution amount: $0.4500
This dividend equates to an annualized yield of 12.74 percent, based on
the fund's closing market price as of
The John Hancock Global Shareholder Yield Fund is a newly organized, diversified, closed-end fund. The Fund's investment objective is to provide a high level of total return consisting of a high level of current income and gains and long term capital appreciation. The Fund will seek to achieve favorable after-tax returns for its shareholders by seeking to minimize the federal income tax consequences on income and gains generated by the Fund. Under normal market condition, the Fund will invest at least 80% of its total assets in a diversified portfolio of dividend-paying stocks of issuers located throughout the world. The Fund also intends to write call options on a variety of both U.S. and non-U.S. broad-based indices.
About John Hancock Funds
The
John Hancock Financial Services is a unit of Manulife Financial
Corporation, a leading Canadian-based financial services group serving
millions of customers in 19 countries and territories worldwide. Operating as
Manulife Financial in
SOURCE John Hancock Advisers, LLC