John Hancock Tax-Advantaged Dividend Income Fund announces an Equity Buyback for 10% of its issued share capital.
January 20, 2021 at 12:00 am EST
John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announces a share repurchase program. Under the program, the company will repurchase up to 10% of its outstanding common shares. The share repurchase plan seeks to enhance shareholder value and to potentially narrow the Fund's discount to NAV. The program will commence from January 1, 2021 and will expire on December 31, 2021.