John Hancock Preferred Income Fund

John Hancock Preferred Income Fund III operates as a closed-end management investment company. It seeks to provide a high level of current income consistent with preservation of capital by investing in securities that, in the opinion of the Advisor, may be undervalued relative to similar securities in the marketplace. The company was founded on June 19, 2003 and is headquartered in Boston, MA.

John Hancock Preferred Income Fund III offers a high level of current income and has proven to be durable in the face of rising interest rates. The HPS closed-end fund has a relatively high yield compared to its peers and has outperformed the bond market and preferred stock index over the past few months. The fund's asset allocation consists of a combination of preferred stocks and bonds. This is not a pure preferred stock fund, as is commonly assumed.

HPS: Extremely Expensive Preferred Stock Fund That May Be Riskier Than Assumed

John Hancock Preferred Income Fund II

John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Premium Dividend Fund

BOSTON , April 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: April 1, 2024 Ex Date: April 10, 2024 Record Date: April 11, 2024 Payment Date: April 30, 2024   Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 3/28/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.63 8.91 % HPF Preferred Income Fund II $0.1235 - $16.53 8.97 % HPS Preferred Income Fund III $0.1100 - $15.43 8.55 % PDT Premium Dividend Fund $0.0825 - $11.65 8.50 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $19.66 8.42 % John Hancock Premium Dividend Fund Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0825 per share.

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

Hammond Power Solutions Inc. (HMDPF) Q4 2023 Earnings Call Transcript

The John Hancock Preferred Income Fund III offers a high level of current income, making it attractive for income-focused investors. The fund has seen strong performance, outperforming the preferred stock index and delivering a 4.15% price increase since August 25. However, there are concerns about the sustainability of the fund's gains, as the market's expectation of interest rate cuts by the Federal Reserve may not materialize. Investors are advised to take profits before a potential price correction.

HPS: Take Profits And Cut Exposure To Potential Near-Term Losses

John Hancock Financial Opportunities Fund

John Hancock Hedged Equity & Income Fund

John Hancock Tax-Advantaged Global Shareholder Yield Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

BOSTON , Sept. 28, 2023 /PRNewswire/ - The ten John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 20, 2024, at 2:00 p.m.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

John Hancock Preferred Income Fund III offers a high level of current income with a 9.60% yield, attracting income-focused investors. The fund's performance has been negatively impacted by rising interest rates, but overall performance has been respectable over the long term. HPS is heavily invested in the banking sector, which may concern risk-averse investors, but it is common for preferred stock funds.

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Credit Suisse

Flaherty & Crumrine Dynamic Preferred & Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income Securities Fund

Nuveen Preferred & Income 2022 Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Nuveen Variable Rate Preferred & Income Fund

Flaherty & Crumrine Preferred Income Fund Inc

iSh SP US PrfSt Shs

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

UBS Group AG

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

ANNOUNCE RESULTS OF ANNUAL MEETINGS OF SHAREHOLDERS BOSTON , Feb. 21, 2023 /PRNewswire/ - The following eight closed-end funds managed by John Hancock Investment Management LLC announced the results of their annual shareholder meetings: John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Preferred Income Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) and John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) (collectively, the "Funds"). At their annual meetings held today, shareholders of the Funds elected Noni L Ellison to serve for a 1-year term ending at the 2024 Annual Meeting of Shareholders; Dean C.

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND

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Tortoise Energy Independence Fund, Inc.

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Pimco California Municipal Income Fund

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Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Tortoise Power and Energy Infrastructure Fund

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Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

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Pioneer Diversified High Income Trust

Nuveen Real Asset Income & Growth Fund

Pimco Global Stockplus & Income Fund

Principal Real Estate Income Fund

Pioneer Floating Rate Trust

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RiverNorth Capital and Income Fund

Templeton Emerging Markets Income Fund

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Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

Blackrock Debt Strategies Fund Inc

Blackrock Floating Rate Income Strategies Fund Inc

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco New York Municipal Income Fund II

Pimco New York Municipal Income Fund III

Recent market volatility has opened up discount valuation divergences between very similar CEFs.

Pick Up Yield In These CEF Relative Value Switches

John Hancock Mortgage-Backed Securities ETF

John Hancock Preferred Income ETF

BOSTON, Feb. 15, 2022 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management teams for John Hancock Preferred Income Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Divided Fund (NYSE: HTD), John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Mortgage-Backed Securities ETF (NYSE Arca: JHMB), and John Hancock Preferred Income ETF (NYSE Arca: JHPI). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").

JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS AND ETFs

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

Retirees continue to struggle with an inability to generate any significant amount of income off of their assets due to the policies of the Federal Reserve.

HPS: A Solid Income Fund But Overpriced

Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

Barings Global Short Duration High Yield Fund

BlackRock Credit Allocation Income Trust

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Western Asset Emerging Markets Debt Fund

First Trust MLP & Energy Income Fund

PGIM Global High Yield Fund

PGIM High Yield Bond Fund

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

Ares Dynamic Credit Allocation Fund

Credit Suisse High Yield Bond Fund

KKR Income Opportunities Fund

Invesco High Income Trust II

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxYxZ funds are DSL, HPI, and HPF.

'High-High-Low' Closed-End Fund Report, (Belated) January 2021

The Fed is content to sit on a near-zero benchmark rate until at least next year if not 2023.

The Best Preferred Stocks For 2021

We take a look at year-to-date returns of the sector CEFs as well as the key drivers behind those returns. There are no easy answers in allocating to the sector as funds with the most robust structural features and no hedge NAV drags are also trading at elevated premiums.

Preferreds CEF Sector Update

John Hancock preferred CEFs have seen slight discount widening recently. Deleveraging and overweight to energy detracted from performance during the COVID crash.

John Hancock Preferred CEFs Relatively Cheap, For A Reason?

Cohen & Steers Reit And Preferred Income Fund Inc

Preferred securities can carry features of both equities and fixed-income, while providing a fixed dividend payment. They are traditionally more stable than equities, due to the features that make them a fixed-income investment.

Income Lab Ideas: The Best Preferred Investments

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

A Wealth Of Relative Value Opportunities In Preferred CEFs

News for John Hancock Preferred Income Fund ETF (HPS)