0000855886 2025-04-17 2025-04-17 0000855886 2023-11-01 2024-01-31 0000855886 2024-02-01 2024-04-30 0000855886 2024-05-01 2024-07-31 0000855886 2024-08-01 2024-10-31 0000855886 2024-11-01 2025-01-31 0000855886 2022-11-01 2023-01-31 0000855886 2023-02-01 2023-04-30 0000855886 2023-05-01 2023-07-31 0000855886 2023-08-01 2023-10-31 0000855886 jhpdf:CommonSharesMember 2025-04-17 2025-04-17 0000855886 jhpdf:CommonSharesMember 2025-03-26 0000855886 jhpdf:CommonSharesMember 2025-03-26 2025-03-26 pure iso4217:USD shares iso4217:USD shares 0000855886 false 424B3 -0.0001 John Hancock Premium Dividend Fund <div style="line-height:11.0pt;margin-top:9pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Investment Objectives</div></div></div></div><div style="line-height:12.0pt;margin-top:2pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The Fund’s investment objective is to provide high current income, consistent with modest growth of capital for holders of its Common Shares. The Fund </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">will pursue its objective by investing in a diversified portfolio comprised primarily of dividend-paying preferred securities and common equity securities. </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">There can be no assurance that the Fund will achieve its investment objective. The Fund’s investment objective is not fundamental and may be changed </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">without shareholder approval.</div></div></div><div style="line-height:11.0pt;margin-top:9pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">The Offering</div></div></div></div><div style="line-height:12.0pt;margin-top:2pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">John Hancock Investment Management Distributors LLC (the “Distributor”) has entered into a distribution agreement with the fund, dated April 21, </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">2022, authorizing it to act as distributor to the fund’s common shares of beneficial interest, no par value (the “Common Shares”), offered by this </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Prospectus Supplement and the accompanying Prospectus dated April 11, 2025. The Distributor also has entered into a dealer agreement, dated </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">April 21, 2022 (the “Dealer Agreement”) with UBS Securities LLC (the “Dealer”) with respect to the fund relating to the Common Shares offered by this </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Prospectus Supplement and the Prospectus. In accordance with the terms of the Dealer Agreement, the fund may offer and sell up to 2,000,000 </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Common Shares from time to time through the Dealer as sub-placement agent for the offer and sale of the Common Shares.</div></div></div><div style="line-height:12.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Offerings of the Common Shares will be subject to the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”), which generally </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">require that the public offering price of common shares of a closed-end investment company (exclusive of distribution commissions and discounts) </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">must equal or exceed the net asset value (“NAV”) per share of the company’s common shares (calculated within 48 hours of pricing), absent shareholder </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">approval or under certain other circumstances.</div></div></div><div style="line-height:12.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Sales of the Common Shares, if any, under this Prospectus Supplement and the accompanying Prospectus may be made in negotiated transactions or </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">transactions that are deemed to be “at the market” as defined in Rule 415 under the Securities Act of 1933, as amended (the “1933 Act”), including </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">sales made directly on the New York Stock Exchange (“NYSE”) or sales made to or through a market maker other than on an exchange. The Common </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Shares may not be sold through agents, underwriters or dealers without delivery or deemed delivery of this Prospectus Supplement and the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">accompanying Prospectus describing the method and terms of the offering of Common Shares.</div></div></div><div style="line-height:11.0pt;margin-top:9pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Listing and Symbol</div></div></div></div><div style="line-height:12.0pt;margin-top:2pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The fund’s currently outstanding Common Shares are listed on the NYSE under the symbol “PDT.” Any new Common Shares offered and sold hereby will </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">be listed on the NYSE and trade under this symbol. As of March 26, 2025, the last reported sale price per share of Common Shares in the market as of </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">the close of regular trading on the NYSE was $12.91.</div></div></div><div style="line-height:11.0pt;margin-top:9pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Use of Proceeds</div></div></div></div><div style="line-height:12.0pt;margin-top:2pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The fund currently intends to invest substantially all of the net proceeds of any sales of Common Shares pursuant to this Prospectus Supplement and </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">the accompanying Prospectus in accordance with its investment objectives and policies as described in the accompanying Prospectus under </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">“Investment Objectives” and “Investment Strategies” within three months of receipt of such proceeds. Such investments may be delayed up to three </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">months if suitable investments are unavailable at the time or for other reasons, such as market volatility and lack of liquidity in the markets of suitable </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">investments. Pending such investment, the fund anticipates that it will invest the proceeds in short-term money market instruments, securities with </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">remaining maturities of less than one year, cash or cash equivalents. A delay in the anticipated use of proceeds could lower returns and reduce the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">fund’s distribution to the holders of Common Shares (“Common Shareholders”) or result in a distribution consisting principally of a return of capital.</div></div></div><div style="line-height:11.0pt;margin-top:9pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Investment Advisor and Subadvisor</div></div></div></div><div style="line-height:12.0pt;margin-top:2pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The fund’s investment Advisor is John Hancock Investment Management LLC (the “Advisor” or “JHIM”) and its subadvisor is Manulife Investment </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Management (US) LLC (the “Subadvisor” or ”subadvisor”).</div></div></div><div style="line-height:12.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The Advisor is an indirect principally owned subsidiary of John Hancock Life Insurance Company (U.S.A.), a subsidiary of Manulife Financial </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Corporation. The Advisor is responsible for overseeing the management of the fund, including its day-to-day business operations and monitoring the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">subadvisor. As of December 31, 2024, the Advisor had total assets under management of approximately $165.2 billion.</div></div></div> <div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The purpose of the table below is to help you understand all fees and expenses that you, as a Common Shareholder, would bear directly or indirectly. In </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">accordance with SEC requirements, the table below shows the fund’s expenses as a percentage of its average net assets as of October 31, 2024, and </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">not as a percentage of total assets. By showing expenses as a percentage of average net assets, expenses are not expressed as a percentage of all of </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">the assets in which the fund invests. The offering costs to be paid or reimbursed by the fund are not included in the Annual Expenses table below. </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">However, these expenses will be borne by Common Shareholders and may result in a reduction in the NAV of Common Shares. See “Management of the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">fund” and “Dividend Reinvestment Plan” in the accompanying Prospectus. The table and example are based on the fund’s capital structure as of </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">October 31, 2024.</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Shareholder Transaction Expenses (%)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;white-space:nowrap;width:42pt"><div style="line-height:0.5pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:19.64pt"><div style="display:flex;white-space:nowrap;width:19.64pt"> </div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Sales load (as a percentage of offering price)</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">1</div> <div style="clear:right"> </div> </div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:19.64pt"><div style="display:flex;white-space:nowrap;width:19.64pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 19.64pt; letter-spacing: 0px; top: 0px;display:inline;">1.00</div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Offering expenses (as a percentage of offering price)</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">2</div> <div style="clear:right"> </div> </div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:19.64pt"><div style="display:flex;white-space:nowrap;width:19.64pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 19.64pt; letter-spacing: 0px; top: 0px;display:inline;">0.93</div></div></div></div></td></tr> <tr style="height:11.5pt"> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:10pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Dividend Reinvestment Plan fees</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">3</div> <div style="clear:right"> </div> </div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:10pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:19.64pt"><div style="display:flex;white-space:nowrap;width:19.64pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 19.64pt; letter-spacing: 0px; top: 0px;display:inline;">None</div></div></div></div></td></tr></table><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Represents the estimated commission with respect to the Common Shares being sold in this offering. There is no guarantee that there will be any sales of the Common </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of the Common Shares under this Prospectus Supplement and the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">accompanying Prospectus, if any, <div style="display:inline;">may </div>be less than as set forth under “Capitalization” below. In addition, the price per share of any such sale may be greater or less </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">than the price set forth under “Capitalization” below, depending on market price of the Common Shares at the time of any such sale.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">2</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Offering costs charged upon sale of the shares, based on the last reported sale price on March 26, 2025.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Participants in the fund’s dividend reinvestment plan do not pay brokerage charges with respect to Common Shares issued directly by the fund. However, whenever </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">Common Shares are purchased or sold on the NYSE or otherwise on the open market, each participant will pay a pro rata portion of brokerage trading fees, currently </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">$0.05 per share purchased or sold. Brokerage trading fees will be deducted from amounts to be invested. Shareholders participating in the dividend reinvestment </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">plan may buy additional Common Shares of the fund through the plan at any time and will be charged a $5 transaction fee plus $0.05 per share brokerage trading fee </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">for each order. See “Distribution Policy” and “Dividend Reinvestment Plan” in the accompanying Prospectus.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div> as a percentage of offering price 0.01 as a percentage of offering price 0.0093 0 <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Annual Expenses (Percentage of Net Assets Attributable to Common Shares) (%)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:42pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-left: -2.25pt; text-align: center; white-space: nowrap; font-size: 8pt;"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="display:inline;"><div style="display:inline;"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Management fees</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">4</div> </div></div> <div style="clear:right"> </div> </div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;display:inline;">1.29</div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Interest Payments on Borrowed Funds</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">5</div> <div style="clear:right"> </div> </div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;display:inline;">3.72</div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Other expenses</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;display:inline;">0.25</div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Total Annual Operating Expenses</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;display:inline;">5.26</div></div></div></div></td></tr> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;border-right:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Contractual Expense Reimbursement</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 5pt; margin-left: 0pt; position: relative; top: -3.25pt; letter-spacing: 0px;display:inline;">6</div> <div style="clear:right"> </div> </div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:11.0pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="-sec-ix-hidden:Fact_138486343;display:inline;"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color:#000000;font-family:Arial Narrow;font-size:8pt;width:20.78pt;display:inline;">(0.01</div></div></div><div style="display:flex"><div style="color:#000000;font-family:Arial Narrow;font-size:8pt;width:auto;display:inline;">)</div></div></div></div></td></tr> <tr style="height:11.5pt"> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:516pt"><div style="line-height:10pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Total Annual Fund Operating Expenses After Expense Reimbursements</div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42pt"><div style="line-height:10pt;text-align:right;width:42pt"><div style="display:flex;margin:auto;width:20.78pt"><div style="display:flex;white-space:nowrap;width:20.78pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.78pt; letter-spacing: 0px; top: 0px;display:inline;">5.25</div></div></div></div></td></tr></table><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">4</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">See “Management of the Fund—The Advisor” in the accompanying Prospectus.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">5</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The fund uses leverage by borrowing under the LA. See “Other Investment Policies – Borrowing” and “Use of Leverage by the Fund” in the accompanying Prospectus.</div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div><div><div style="clear:both;margin-top:0.0pt;position:relative;width:100%"><div style="float:left;line-height:9.5pt;text-align:left;width:4.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">6</div></div></div><div style="float:left;line-height:9.5pt;margin-left:9.26pt;text-align:left;width:539.00pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">The Advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">$125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2026, unless renewed </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; line-height: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="clear: both; position: relative; max-height: 0px;"></div></div> Percentage of Net Assets Attributable to Common Shares 0.0129 0.0372 0.0025 0.0526 0.0525 Offering costs charged upon sale of the shares, based on the last reported sale price on March 26, 2025. See “Management of the Fund—The Advisor” in the accompanying Prospectus. <div style="line-height:11.0pt;margin-top:9.0pt;text-align:left"><div style="margin-top:9pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Example</div></div></div></div><div style="line-height:12.0pt;margin-top:2.0pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The following example illustrates the expenses that Common Shareholders would pay on a $1,000 investment in Common Shares, assuming (i) total </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">annual expenses set forth above, including any reimbursements through their current expiration date; (ii) sales load of 1.00%; (iii) offering expenses of </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">0.93 %; (iv) a 5% annual return; and (v) all distributions are reinvested at NAV:</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="line-height:1.0pt;margin-top:6.0pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"> <tr style="height:12pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:380.32pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right: -0.25pt; text-align: left; white-space: nowrap; font-size: 8pt;"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:42.92pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1 Year</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:42.92pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">3 Years</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:42.92pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:-2.25pt;margin-right:-2.25pt;text-align:Center;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">5 Years</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:48.92pt"><div style="line-height:11.0pt;text-align:left"><div style="margin-left:-2.25pt;margin-right:4pt;text-align:Center;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">10 Years</div></div></div></div></td></tr> <tr style="height:11.5pt"> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:380.32pt"><div style="line-height:10pt;text-align:left"><div style="margin-right:-0.25pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses ($)</div></div></div></td> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42.92pt"><div style="line-height:10pt;text-align:right;width:42.92pt"><div style="display:flex;margin:auto;width:16.21pt"><div style="display:flex;white-space:nowrap;width:16.21pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 16.21pt; letter-spacing: 0px; top: 0px;display:inline;">$71</div></div></div></div></td> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42.92pt"><div style="line-height:10pt;text-align:right;width:42.92pt"><div style="display:flex;margin:auto;width:20.94pt"><div style="display:flex;white-space:nowrap;width:20.94pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;display:inline;">$173</div></div></div></div></td> <td style="border-right:0.5pt solid #D9D9D9;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:42.92pt"><div style="line-height:10pt;text-align:right;width:42.92pt"><div style="display:flex;margin:auto;width:20.94pt"><div style="display:flex;white-space:nowrap;width:20.94pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;display:inline;">$275</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:48.92pt"><div style="line-height:10pt;margin-right:3pt;text-align:right;width:42.92pt"><div style="display:flex;margin:auto;width:20.94pt"><div style="display:flex;white-space:nowrap;width:20.94pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 8pt; width: 20.94pt; letter-spacing: 0px; top: 0px;display:inline;">$528</div></div></div></div></td></tr></table></div><div style="line-height:12.0pt;text-align:left"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The above table and example and the assumption in the example of a 5% annual return are required by regulations of the SEC that are applicable to all </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">investment companies; the assumed 5% annual return is not a prediction of, and does not represent, the projected or actual performance of the fund’s </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Common Shares. For more complete descriptions of certain of the fund’s costs and expenses, see “Management of the Fund” in the accompanying </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Prospectus. In addition, while the example assumes reinvestment of all dividends and distributions at NAV, participants in the fund’s dividend </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">reinvestment plan may receive Common Shares purchased or issued at a price or value different from NAV. See “Distribution Policy” and “Dividend </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">Reinvestment Plan” in the accompanying Prospectus.</div></div><div style="line-height:12.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">The example should not be considered a representation of past or future expenses, and the fund’s actual expenses may be greater or less </div></div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">than those shown. Moreover, the fund’s actual rate of return may be greater or less than the hypothetical 5% return shown in the </div></div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">example.</div></div></div></div> 71 173 275 528 <div style="line-height:18.0pt;margin-top:10pt;text-align:left"><div style="margin-top:10pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Market and Net Asset Value Information</div></div> </div></div><div style="line-height:12.0pt;margin-top:2.0pt;text-align:left"><div style="margin-top:2pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The fund’s currently outstanding Common Shares are listed on the New York Stock Exchange (“NYSE”) under the symbol “PDT” and commenced trading </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">on the NYSE in 1989.</div></div></div><div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The Common Shares have traded both at a premium and at a discount to their net asset value (“NAV”). The fund cannot predict whether its shares will </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">trade in the future at a premium or discount to NAV. The provisions of the 1940 Act generally require that the public offering price of common shares </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">(less any underwriting commissions and discounts) must equal or exceed the NAV per share of a company’s common stock (calculated within 24 hours </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">of pricing). The fund’s issuance of Common Shares may have an adverse effect on prices in the secondary market for Common Shares by increasing the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">number of Common Shares available, which may put downward pressure on the market price for Common Shares. Shares of common stock of </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">closed-end investment companies frequently trade at a discount from NAV. See “Risk Factors—General Risks—Market Discount Risk” in the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">accompanying Prospectus.</div></div></div><div style="line-height:12.0pt;text-align:left"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The following table sets forth for each of the periods indicated the high and low closing market prices for Common Shares on the NYSE, and the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">corresponding NAV per share and the premium or discount to NAV per share at which the Common Shares were trading as of such date. NAV is </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">determined once daily as of the close of regular trading on the NYSE (typically 4:00</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; line-height: 12pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; font-variant: small-caps; letter-spacing: 0px; top: 0px;display:inline;">p.m.</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">, Eastern Time). See “Determination of Net Asset Value” in the </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">accompanying Prospectus for information as to the determination of the fund’s NAV.</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="line-height:1.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"> <tr style="height:35pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:107.87pt"><div style="line-height:0.5pt;text-align:left"><div style="margin-right: 20.94pt; text-align: left; white-space: nowrap; font-size: 9pt;"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div></div></td> <td colspan="2" style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:144.72pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Market Price</div></div></div></div></td> <td colspan="2" style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:150.34pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">NAV per Share on</div></div></div><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Date of Market Price</div></div></div><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">High and Low</div></div></div></div></td> <td colspan="2" style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:155.07pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Premium/(Discount) on</div></div></div><div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Date of Market Price</div></div></div><div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">High and Low</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Quarter Ended</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:74.16pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">High ($)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:70.56pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Low ($)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:76.97pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">High ($)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:73.37pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Low ($)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:83.81pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:18.94pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">High (%)</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:71.26pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:18.94pt;margin-right:10pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Low (%)</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">January 31, 2023</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">14.2</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.72</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.95</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.84</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">9.65</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-0.93</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">April 30, 2023</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.39</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.81</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.69</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.31</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-2.19</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">4.42</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">July 31, 2023</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.57</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.10</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.13</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.25</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">3.63</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-1.33</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">October 31, 2023</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.14</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">8.97</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.94</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">10.41</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-6.70</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-13.83</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">January 31, 2024</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.08</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">9.83</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.69</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">10.67</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-5.22</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-7.87</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">April 30, 2024</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.84</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">10.71</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.08</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.51</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-1.99</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-6.95</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">July 31, 2024</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.37</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.23</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.92</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.33</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-4.26</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-8.92</div></div></div></div></td></tr> <tr style="height:13pt"> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">October 31, 2024</div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.54</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">11.87</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.83</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.61</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-2.10</div></div></div></div></td> <td style="border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:12.0pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-5.87</div></div></div></div></td></tr> <tr style="height:12.5pt"> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:107.87pt"><div style="line-height:11pt;text-align:left"><div style="margin-right:20.94pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">January 31, 2025</div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:74.16pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:32.28pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.23</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:70.56pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:28.67pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">12.01</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:76.97pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:35.09pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">14.03</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:73.37pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:31.48pt"><div style="display:flex;margin-left:auto;width:25.74pt"><div style="display:flex;white-space:nowrap;width:25.74pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 25.74pt; letter-spacing: 0px; top: 0px;display:inline;">13.02</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:83.81pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:20.945pt;text-align:right;width:41.93pt"><div style="display:flex;margin-left:auto;width:22.77pt"><div style="display:flex;white-space:nowrap;width:22.77pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 22.77pt; letter-spacing: 0px; top: 0px;display:inline;">-5.70</div></div></div></div></td> <td style="padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:71.26pt"><div style="line-height:11pt;margin-left:20.945pt;margin-right:6pt;text-align:right;width:38.32pt"><div style="display:flex;margin-left:auto;width:28.08pt"><div style="display:flex;white-space:nowrap;width:28.08pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 28.08pt; letter-spacing: 0px; top: 0px;display:inline;">-7.76</div></div></div></div></td></tr></table></div><div style="line-height:12.0pt;margin-top:6pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The last reported sale price, NAV per share and percentage discount to NAV per share of the Common Shares as of March 26, 2025 were $12.91, </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$13.70 and -5.77%, respectively. As of March 26, 2025, the fund had 49,185,225 Common Shares outstanding and net assets of the fund were </div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">$673,902,612.</div></div></div> 14.2 12.72 12.95 12.84 0.0965 -0.0093 13.39 11.81 13.69 11.31 -0.0219 0.0442 12.57 11.1 12.13 11.25 0.0363 -0.0133 11.14 8.97 11.94 10.41 -0.067 -0.1383 11.08 9.83 11.69 10.67 -0.0522 -0.0787 11.84 10.71 12.08 11.51 -0.0199 -0.0695 12.37 11.23 12.92 12.33 -0.0426 -0.0892 13.54 11.87 13.83 12.61 -0.021 -0.0587 13.23 12.01 14.03 13.02 -0.057 -0.0776 12.91 13.7 -0.0577 <div style="line-height:12.0pt;margin-top:6.0pt;text-align:left"><div style="margin-top:6pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">The following provides information about the fund’s outstanding securities as of October 31, 2024.</div><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 1pt; line-height: 1pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="line-height:1.0pt;margin-top:6.0pt;text-align:left"><div style="margin-top:6pt"> </div></div><div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="text-align:start; border-bottom:0.5pt solid #D9D9D9;empty-cells:show;width:558pt"> <tr style="height:35pt"> <td style="background-color:#FFFFFF;border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:365.88pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-right:6pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Title of Class</div></div></div></div></td> <td style="background-color:#FFFFFF;border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:57.61pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div><div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Authorized</div></div></div></div></td> <td style="background-color:#FFFFFF;border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:77.41pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Amount Held by</div></div></div><div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">the Fund or for</div></div></div><div style="margin-left:4pt;margin-right:4pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">its Account</div></div></div></div></td> <td style="background-color:#FFFFFF;border-bottom:0.5pt solid #D9D9D9;padding-bottom:1.625pt;padding-top:1.625pt;vertical-align:Bottom;width:57.11pt"><div style="line-height:12.0pt;text-align:left"><div style="margin-left:4pt;margin-right:-2pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div><div style="margin-left:4pt;margin-right:-2pt;text-align:Right;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Outstanding</div></div></div></div></td></tr> <tr style="height:12.5pt"> <td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;width:365.88pt"><div style="line-height:11pt;text-align:left"><div style="margin-right:6pt;text-align:Left;white-space:nowrap"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; margin-left: 0pt; letter-spacing: 0px; top: 0px;display:inline;">Common Shares, no par value</div></div></div></td> <td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:57.61pt"><div style="line-height:11pt;margin-left:6pt;margin-right:6pt;text-align:right;width:45.61pt"><div style="display:flex;margin-left:auto;width:37.94pt"><div style="display:flex;white-space:nowrap;width:37.94pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 37.94pt; letter-spacing: 0px; top: 0px;display:inline;">Unlimited</div></div></div></div></td> <td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:77.41pt"><div style="line-height:11pt;margin-left:6pt;margin-right:6pt;text-align:right;width:65.41pt"><div style="display:flex;margin-left:auto;width:7.33pt"><div style="display:flex;white-space:nowrap;width:7.33pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 7.33pt; letter-spacing: 0px; top: 0px;display:inline;">0</div></div></div></div></td> <td style="background-color:azure;padding-bottom:2pt;padding-top:1.625pt;vertical-align:Top;white-space:nowrap;width:57.11pt"><div style="line-height:11pt;margin-left:6pt;text-align:right;width:51.11pt"><div style="display:flex;margin-left:auto;width:49.41pt"><div style="display:flex;white-space:nowrap;width:49.41pt"><div style="color: rgb(0, 0, 0); font-family: &quot;Arial Narrow&quot;; font-size: 9pt; width: 49.41pt; letter-spacing: 0px; top: 0px;display:inline;">49,185,225</div></div></div></div></td></tr></table></div> Common Shares 0 49185225 See “Management of the Fund—The Advisor” in the accompanying Prospectus. The fund uses leverage by borrowing under the LA. See “Other Investment Policies – Borrowing” and “Use of Leverage by the Fund” in the accompanying Prospectus. Represents the estimated commission with respect to the Common Shares being sold in this offering. There is no guarantee that there will be any sales of the Common Shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of the Common Shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth under “Capitalization” below. In addition, the price per share of any such sale may be greater or less than the price set forth under “Capitalization” below, depending on market price of the Common Shares at the time of any such sale. Offering costs charged upon sale of the shares, based on the last reported sale price on March 26, 2025. Participants in the fund’s dividend reinvestment plan do not pay brokerage charges with respect to Common Shares issued directly by the fund. However, whenever Common Shares are purchased or sold on the NYSE or otherwise on the open market, each participant will pay a pro rata portion of brokerage trading fees, currently $0.05 per share purchased or sold. Brokerage trading fees will be deducted from amounts to be invested. Shareholders participating in the dividend reinvestment plan may buy additional Common Shares of the fund through the plan at any time and will be charged a $5 transaction fee plus $0.05 per share brokerage trading fee for each order. See “Distribution Policy” and “Dividend Reinvestment Plan” in the accompanying Prospectus. The Advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds $125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2026, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.