John Hancock Preferred Income Fund : Closed-End Funds Release Earnings Data
October 24, 2023 at 04:27 pm EDT
Share
John Hancock Investment Management LLC
200 Berkeley Street
Boston, Massachusetts 02216
Media Contact:
Gordon Haight
NEWS
(617) 572-0034
FOR IMMEDIATE RELEASE
Investor Contact:
(800) 843-0090
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
BOSTON, MA (October 24, 2023) - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended September 30, 2023. The same data for the comparable three-month period ended September 30, 2022 is also available below.
Three Months Ended 09/30/23
Ticker
Fund Name
Current Fiscal Year End
Net Investment Income
Per Common Share
NAV
Total Managed Assets
Total Net Assets
HEQ
Hedged Equity & Income Fund
12/31
$1,317,214
$0.108
$11.13
$136,251,558
$136,251,558
BTO
Financial Opportunities Fund
12/31
$2,044,240
$0.104
$24.53
$607,094,881
*
$482,094,881
Three Months Ended 09/30/22
Ticker
Fund Name
Current Fiscal Year End
Net Investment Income
Per Common Share
NAV
Total Managed Assets
Total Net Assets
HEQ
Hedged Equity & Income Fund
12/31
$1,705,289
$0.140
$10.74
$131,239,011
$131,239,011
BTO
Financial Opportunities Fund
12/31
$2,115,750
$0.110
$31.27
$725,776,572
*
$600,776,572
1 Earnings refer to net investment income, which is comprised of the Fund's interest and dividend income, less expenses. Earnings presented represent past earnings and there is no guarantee of future results.
Amounts distributed by the Funds may vary from the earnings shown above and will be announced in separate press releases. Up-to-date distribution rate information is available on John Hancock Investment Management's web site at www.jhinvestments.comby clicking on "Closed-End Funds" under the "Daily Prices" tab.
Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.
An investor should consider a Fund's investment objectives, risks, charges, and expenses carefully before investing.
About John Hancock Investment Management
A company of Manulife Investment Management, we serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time- tested investments from a premier asset manager with a heritage of financial stewardship.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate
assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Attachments
Original Link
Original Document
Permalink
Disclaimer
John Hancock Preferred Income Fund published this content on 24 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 20:25:39 UTC.
John Hancock Preferred Income Fund (the Fund) is a closed-end, diversified management investment company. The Fund's primary investment objective is to provide a high level of current income, consistent with preservation of capital. The Fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The Fund seeks to achieve its objectives by investing in securities that, in the opinion of the advisor, may be undervalued relative to similar securities in the marketplace. The Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. The Fund intends to invest primarily in fully taxable preferred securities. The Fund's portfolio of preferred securities may include both fixed rate and adjustable-rate securities. The Fund's investment advisor is John Hancock Investment Management LLC.