BOSTON, Aug. 22, 2018 /PRNewswire/ -- John Hancock
Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC
and subadvised by both Epoch Investment Partners and Analytic Investors, LLC, declared a quarterly distribution of an amount
equal to $0.1600 per share, a decrease of 27.3% from its previous quarterly distribution of
$0.2200 per share.
This new distribution amount equates to an annualized distribution rate of 7.88% based on the Fund's NAV of $8.12, and an annual distribution rate of 7.08% based on the closing share price of $9.04, as of August 21, 2018. The new distribution is payable September 28, 2018 to shareholders of record on September 14, 2018 with an
ex-date of September 13, 2018.
The adjustment in the distribution rate is the result of analysis conducted by the investment teams managing the portfolio
with respect to the rate and sustainability of the Fund's distributions. As portfolio and market conditions change, the
distribution rate paid by the Fund could change.
A portion of the Fund's current distribution may include sources other than net investment income, including a return of
capital. Investors should understand that a return of capital is not a distribution from income or gains of the Fund. As required
under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be mailed to
shareholders at the time of payment if it does not consist solely of net investment income. At this time, the Fund anticipates
that the notice accompanying the current distribution will include an estimate of return of capital. Such notice will also be
posted to the Fund's website at www.jhinvestments.com. The notice should not be used to prepare tax returns as the estimates indicated in
the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar
year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal
income tax purposes.
Statements in this press release that are not historical facts are forward-looking statements as defined by the 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
Fund's control and could cause actual results to differ materially from those set forth in the forward-looking
statements.
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
About John Hancock Investments
John Hancock Investments provides asset management services to individuals and institutions through a unique
manager-of-managers approach. A wealth management business of John Hancock Financial, we managed more than $154 billion in assets as of June 30, 2018 across mutual funds, college savings
plans, and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based
financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in
Canada and Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth
management services through its extensive network of employees, agents and distribution partners. Funds under management by
Manulife Financial and its subsidiaries were C$1.1 trillion (US$850
billion) as of March 31, 2018. Manulife Financial Corporation trades as 'MFC' on the TSX,
NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of
financial products, including life insurance, annuities, fixed products, mutual funds, 401(k)
plans, college savings,
and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
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SOURCE John Hancock Investments