JOHN HANCOCK PREMIUM DIVIDEND FUND NOTICE TO SHAREHOLDERS

BOSTON, October 31, 2022 /PRNewswire/ – John Hancock Premium Dividend Fund (NYSE: PDT) (the “Fund”), a closed-end fund managed by John Hancock Investment Management LLC and sub-advised by Manulife Investment Management (US) LLC, announced today today the sources of its monthly report distribution of $0.0975 per share paid to all shareholders of record October 13, 2022, in accordance with the Fund’s managed distribution plan. This press release is issued pursuant to an exemption order granted to the Fund by the United States Securities and Exchange Commission.

Notification of Distribution Sources

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information regarding the distribution declared on October 3, 2022and payable on October 31, 2022. No action is required on your part.

The following table shows the estimated sources of the current distribution, payable October 31, 2022, and the cumulative distributions paid in that year to date from the following sources: net investment income; net short-term realized capital gains; long-term net realized capital gains; and return of capital or other source of capital. All amounts are expressed per common share and as a percentage of the amount of the distribution.

You should not draw any conclusions about the investment performance of the Fund from the amount of this distribution or the terms of the Fund’s managed distribution plan.

The Fund believes it has distributed more than its income and net realized capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “yield” or “income”.

The amounts and sources of distributions set forth in this notice are estimates only and are not provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

The Fund declared the October 2022 distribution under the Fund’s managed distribution plan (the “Plan”). Under the plan, the Fund pays fixed monthly distributions in the amount of $0.0975 per share, which will continue to be paid monthly until further notice.

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

Efficient October 1, 2021, copies of all notices advising shareholders of distributions made by the fund in excess of accrued net investment income will be posted on John Hancock Investment Management’s public website (jhinvestments.com) and on the Legal Notice System (LENS ), a service offering from the Depository Trust Company (DTC) accessible by brokerage firms. To the extent required, notice may also be provided by press release. John Hancock Investment Management will continue to distribute hard copies of these notices by post until March 30, 2022date beyond which the notices will be delivered exclusively according to the methods described above.

Statements contained in this press release that are not historical facts are forward-looking statements as defined by 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 control of the Fund and could cause results actuals differ materially from those set forth in the forward-looking statements. statements.

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

About John Hancock Investment Management
As a Manulife Investment Management company, we serve investors through a unique multi-manager approach, complementing our extensive in-house capabilities with an unrivaled network of specialist asset managers, backed by some of the most rigorous investment oversight in the industry. industry. The result is a diverse range of proven investments from a leading asset manager with a heritage of financial stewardship.

About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management business of Manulife Financial Corporation. We draw on more than a century of financial stewardship and all the resources of our parent company to serve individuals, institutions and pension plan members around the world. Based at Toronto, our industry-leading capabilities in public and private markets are bolstered by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers around the world. We are committed to investing responsibly in our business. We develop innovative global frameworks for sustainable investing, collaborate with companies in our securities portfolios and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace pension plans. Today, plan sponsors around the world rely on our expertise in pension plan administration and investment to help their employees plan, save and live a better retirement. Not all offers are available in all jurisdictions. For more information, visit manulife.com.

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SOURCE John Hancock Investment Management