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John Hancock Preferred Income Fund trades at a rare 7% discount to NAV, versus a historical premium of +4.38%. HPS offers an 11.21% dividend yield, with a payout ratio of $1.32 per share and high portfolio stability. The fund's 1-year Z-score of -3.86 signals extreme undervaluation and a compelling medium-term arbitrage opportunity.
BOSTON, Oct. 1, 2026 /PRNewswire/ -- The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: October 1, 2026Ex Date: October 13, 2026Record Date: October 13, 2026Payment Date: October 30, 2026 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 9/30/2026 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $14.00 10.59 % HPF Preferred Income Fund II $0.1235 - $13.47 11.00 % HPS Preferred Income Fund III $0.1100 - $12.04 10.96 % PDT Premium Dividend Fund $0.0883 - $11.72 9.04 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $22.18 8.55 % Please note: The John Hancock Preferred Income Fund (HPI), John Hancock Preferred Income Fund II (HPF), and John Hancock Preferred Income III Fund (HPS) will change their fiscal year ends from 7/31 to 10/31, effective 10/31/26. 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").
John Hancock Preferred Income Fund III (NYSE: HPS - Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 40,637 shares, a decline of 77.3% from the August 31st total of 178,726 shares. Based on an average daily volume of 103,203 shares,
BOSTON, Sept. 25, 2026 /PRNewswire/ -- The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 16, 2027, at 2:00 p.m.
BOSTON, Sept. 1, 2026 /PRNewswire/ -- The John Hancock closed-end funds listed below declared their monthly distributions today as follows
BOSTON, Aug. 12, 2026 /PRNewswire/ -- The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended July 31, 2026. The same data for the comparable three-month period ended July 31, 2025 is also available below.
BOSTON, Aug. 3, 2026 /PRNewswire/ -- The John Hancock closed-end funds listed below declared their monthly distributions today as follows
John Hancock Preferred Income Fund III is downgraded to hold, with a current valuation at a 5.13% premium to NAV and limited near-term catalysts. HPS offers a 9.2% yield, but distribution coverage is weak—only 76% of payouts are supported by net investment income, risking sustainability. Elevated interest rates threaten NAV momentum and could increase net realized losses, especially with HPS's heavy financials and utilities sector exposure.