EX-99.(C)(3) 7 d317190_ex99c3.htm EX-99.(C)(3)

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on November 2, 2015, and payable on November 30, 2015. No action is required on your part.

Distribution Period:	November 2015
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable November 30, 2015, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0900	100%	0.0900	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0900	100%	0.0900	100%

Average annual total return (in relation to NAV) for the 5 years ended on October 31, 2015				12.97%

Annualized current distribution rate expressed as a percentage of NAV as of October 31, 2015				7.13%

Cumulative total return (in relation to NAV) for the fiscal year through October 31, 2015				6.18%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of October 31, 2015				0.59%

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

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the November 2015 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

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

__________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on December 1, 2015, and payable on December 17, 2015. No action is required on your part.

Distribution Period:	December 2015
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable December 17, 2015, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0442	49%	0.1800	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0458	51%	0.0000	0%
Total per common share	0.0900	100%	0.1800	100%

Average annual total return (in relation to NAV) for the 5 years ended on November 30, 2015				13.08%

Annualized current distribution rate expressed as a percentage of NAV as of November 30, 2015				7.21%

Cumulative total return (in relation to NAV) for the fiscal year through November 30, 2015				-0.41%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of November 30, 2015				1.20%

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

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

The Fund has declared the December 2015 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

__________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on December 18, 2015, and payable on January 29, 2016. No action is required on your part.

Distribution Period:	January 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable January 29, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0671	75%	0.2700	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0128	14%	0.0000	0%
Return of Capital or
Other Capital Source	0.0101	11%	0.0000	0%
Total per common share	0.0900	100%	0.2700	100%

Average annual total return (in relation to NAV) for the 5 years ended on December 31, 2015				12.83%

Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2015				7.22%

Cumulative total return (in relation to NAV) for the fiscal year through December 31, 2015				0.79%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of December 31, 2015				1.80%

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

The Fund has declared the January 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

____________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on February 1, 2016, and payable on February 29, 2016. No action is required on your part.

Distribution Period:	February 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable February 29, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0900	100%	0.3604	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0900	100%	0.3604	100%

Average annual total return (in relation to NAV) for the 5 years ended on January 31, 2016				12.96%

Annualized current distribution rate expressed as a percentage of NAV as of January 31, 2016				7.07%

Cumulative total return (in relation to NAV) for the fiscal year through January 31, 2016				2.80%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of January 31, 2016				2.36%

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

The Fund has declared the February 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

_____________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on March 1, 2016, and payable on March 31, 2016. No action is required on your part.

Distribution Period:	March 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable March 31, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0492	55%	0.4506	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0408	45%	0.0000	0%
Total per common share	0.0900	100%	0.4506	100%

Average annual total return (in relation to NAV) for the 5 years ended on February 29, 2016				12.60%

Annualized current distribution rate expressed as a percentage of NAV as of February 29, 2016				7.06%

Cumulative total return (in relation to NAV) for the fiscal year through February 29, 2016				3.65%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of February 29, 2016				2.95%

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

The Fund has declared the March 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

__________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on April 1, 2016, and payable on April 29, 2016. No action is required on your part.

Distribution Period:	April 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable April 29, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0784	87%	0.5406	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0116	13%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0900	100%	0.5406	100%

Average annual total return (in relation to NAV) for the 5 years ended on March 31, 2016				13.45%

Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2016				6.71%

Cumulative total return (in relation to NAV) for the fiscal year through March 31, 2016				9.79%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of March 31, 2016				3.36%

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

The Fund has declared the April 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

____________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on May 2, 2016, and payable on May 31, 2016. No action is required on your part.

Distribution Period:	May 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable May 31, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0900	100%	0.6306	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0900	100%	0.6306	100%

Average annual total return (in relation to NAV) for the 5 years ended on April 30, 2016				12.96%

Annualized current distribution rate expressed as a percentage of NAV as of April 30, 2016				6.70%

Cumulative total return (in relation to NAV) for the fiscal year through April 30, 2016				10.49%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of April 30, 2016				3.91%

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

The Fund has declared the May 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0900 per share, which will continue to be paid monthly until further notice.

________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on June 1, 2016, and payable on June 30, 2016. No action is required on your part.

Distribution Period:	June 2016
Distribution Amount Per Common Share:	$0.0900

The following table sets forth the estimated sources of the current distribution, payable June 30, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0599	67%	0.7206	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0011	1%	0.0000	0%
Return of Capital or
Other Capital Source	0.0290	32%	0.0000	0%
Total per common share	0.0900	100%	0.7206	100%

Average annual total return (in relation to NAV) for the 5 years ended on May 31, 2016				12.79%

Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2016				6.60%

Cumulative total return (in relation to NAV) for the fiscal year through May 31, 2016				12.83%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of May 31, 2016				4.40%

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

The Fund has declared the June 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund’s June 2016 distribution will be made in the amount of $0.09 per share. Effective with the July 2016 distribution, the Plan has been revised to increase the Fund’s fixed monthly distributions to $0.0975 per share, which will continue to be paid monthly until further notice.

______________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on June 27, 2016, and payable on July 29, 2016. No action is required on your part.

Distribution Period:	July 2016
Distribution Amount Per Common Share:	$0.0975

The following table sets forth the estimated sources of the current distribution, payable July 29, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0774	79%	0.8181	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0201	21%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0975	100%	0.8181	100%

Average annual total return (in relation to NAV) for the 5 years ended on June 30, 2016				13.88%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2016				6.86%

Cumulative total return (in relation to NAV) for the fiscal year through June 30, 2016				18.21%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of June 30, 2016				4.80%

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

The Fund has declared the July 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0975 per share, which will continue to be paid monthly until further notice.

___________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on August 1, 2016, and payable on August 31, 2016. No action is required on your part.

Distribution Period:	August 2016
Distribution Amount Per Common Share:	$0.0975

The following table sets forth the estimated sources of the current distribution, payable August 31, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0975	100%	0.9155	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0000	0%	0.0000	0%
Total per common share	0.0975	100%	0.9155	100%

Average annual total return (in relation to NAV) for the 5 years ended on July 31, 2016				14.27%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2016				6.87%

Cumulative total return (in relation to NAV) for the fiscal year through July 31, 2016				18.68%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of July 31, 2016				5.38%

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

The Fund has declared the August 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0975 per share, which will continue to be paid monthly until further notice.

_____________________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on September 1, 2016, and payable on September 30, 2016. No action is required on your part.

Distribution Period:	September 2016
Distribution Amount Per Common Share:	$0.0975

The following table sets forth the estimated sources of the current distribution, payable September 30, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0400	41%	1.0129	100%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0000	0%
Return of Capital or
Other Capital Source	0.0575	59%	0.0000	0%
Total per common share	0.0975	100%	1.0129	100%

Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2016				13.53%

Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2016				7.06%

Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2016				16.29%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of August 31, 2016				6.11%

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

The Fund has declared the September 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0975 per share, which will continue to be paid monthly until further notice.

_______________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.

John Hancock Premium Dividend Fund

Notification of Sources of Distribution

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT) with important information concerning the distribution declared on October 3, 2016, and payable on October 31, 2016. No action is required on your part.

Distribution Period:	October 2016
Distribution Amount Per Common Share:	$0.0975

The following table sets forth the estimated sources of the current distribution, payable October 31, 2016, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Source	Current Distribution ($)	% Breakdown of the Current Distribution	Total Cumulative Distributions for the Fiscal Year to Date ($)¹	% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date¹
Net Investment Income	0.0849	87%	1.1047	99%
Net Realized Short-
Term Capital Gains	0.0000	0%	0.0000	0%
Net Realized Long-
Term Capital Gains	0.0000	0%	0.0057	1%
Return of Capital or
Other Capital Source	0.0126	13%	0.0000	0%
Total per common share	0.0975	100%	1.1104	100%

Average annual total return (in relation to NAV) for the 5 years ended on September 30, 2016				14.27%

Annualized current distribution rate expressed as a percentage of NAV as of September 30, 2016				7.09%

Cumulative total return (in relation to NAV) for the fiscal year through September 30, 2016				16.41%

Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of September 30, 2016				6.73%

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

The Fund has declared the October 2016 distribution pursuant to the Fund’s managed distribution plan (the “Plan”). Under the Plan, the Fund makes fixed monthly distributions in the amount of $0.0975 per share, which will continue to be paid monthly until further notice.

______________________
¹The Fund’s current fiscal year began on November 1, 2015, and will end on October 31, 2016.