The John Hancock Premium Dividend Fund’s annual report outlines its performance, investment strategies, and financial highlights for the year ending October 31, 2024. The fund adopts a managed distribution plan, providing monthly dividends of $0.0825 per share. It focuses on high current income from dividend-paying securities. The report shows strong total returns, with a 39.63% return at net asset value. Key sectors include utilities and financials, while the fund has significant leverage through a liquidity agreement. The advisory and subadvisory agreements were reviewed and renewed by the Board of Trustees, ensuring quality management and oversight.