John Hancock, XAI Funds Maintain Monthly Dividends July-August

The John Hancock Premium Dividend Fund (PDT) has declared a monthly dividend distribution of $0.0825 per share, maintaining its previous payout level with a forward yield of 7.48%, payable on July 31 to shareholders of record by July 11, 2025. Similarly, the XAI Madison Equity Premium Income Fund (MCN) announced a monthly distribution of $0.060 per share, payable August 1, 2025, with the ex-dividend and record date of July 15, 2025, continuing its transition from quarterly to monthly distributions initiated on April 1, 2025. MCN's distributions may come from net investment income, capital gains, and/or return of capital, with tax characteristics to be reported on Form 1099 after the 2025 calendar year; the fund aims to maintain stable distributions despite income variability and is subject to excise tax rules. Additionally, the XAI Octagon Floating Rate & Alternative Income Trust declared monthly common share distributions and preferred dividends for its Series 2026 Term Preferred Shares, with tax details similarly to be provided post-year-end and subject to excise tax regulations. Investors in these funds should note important dates to qualify for dividends and be aware of the potential tax implications associated with the source of distributions. Overall, these funds emphasize steady income streams through monthly dividend payouts, appealing to investors seeking consistent returns in the current investment environment.