John Hancock Funds Announce May Cash Flow Boost

On May 1, 2026, the John Hancock closed-end funds announced their monthly distributions. The funds, including the Preferred Income Fund series and the Premium Dividend Fund, outlined their respective distribution amounts per share, which will be paid out by the end of May. These distributions may include a mix of investment income, capital gains, and potentially a return of capital, and they aim to keep investors and the taxman happy. What does it mean for you? If you're an investor in these funds, expect some cash flow this month, which might boost your coffee budget or help with the rising cost of avocado toast. Just remember, these distributions can affect your tax filings, so keep an eye out for that Form 1099-DIV at year's end.