HTD

John Hancock Tax Advantaged Dividend Income Fund (HTD) is a diversified closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide high current income with tax advantages by investing primarily in dividend-paying equity securities, including common stocks of large-cap domestic and foreign corporations, preferred stocks, and convertible securities. HTD employs a covered call strategy to generate additional income by writing call options on a portion of its equity holdings. The fund focuses on securities that may provide favorable tax treatment, such as qualified dividend income taxed at lower rates than ordinary income. Managed by a team of investment professionals, HTD maintains a portfolio typically consisting of 50-100 holdings across various sectors, with emphasis on financially strong companies demonstrating sustainable dividend policies. The fund utilizes leverage through borrowings to enhance potential returns, which amplifies both gains and losses. As a closed-end fund, HTD trades on the New York Stock Exchange and its market price may trade at a premium or discount to its net asset value (NAV). The fund makes monthly distributions to shareholders, appealing to income-focused investors seeking regular cash flow. John Hancock Investment Management, the fund's advisor, manages approximately $200 billion in assets and operates as part of Manulife Investment Management's global wealth and asset management segment.