BOSTON, June 2 /PRNewswire-FirstCall/ -- John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) declared its quarterly dividend today as follows: Declaration date: June 2, 2008 Ex-dividend date: June 9, 2008 Record date: June 11, 2008 Payment date: June 30, 2008 Distribution amount: $0.4500
This dividend equates to an annualized yield of 10.59 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.
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