John Hancock Preferred Income Fund (HPI)

John Hancock Preferred Income Fund remains rated as a hold due to premium valuation and suppressed earnings in a high-rate environment. HPI offers an 8.5% dividend yield but relies heavily on leverage and net realized gains to support distributions, increasing risk. The fund's concentration in financials and aggressive leverage amplify exposure to sector downturns and interest rate risk.

BOSTON , Oct. 1, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:         October 1, 2025 Ex Date:                       October 14, 2025Record Date:                October 14, 2025 Payment Date:             October 31, 2025 Ticker Fund Name Distribution Per Share  Change From PreviousDistribution Market Price as of 9/30/2025 Annualized Current DistributionRate at Market HPI Preferred Income Fund I $0.1235 - $17.35 8.54 % HPF Preferred Income Fund II $0.1235 - $16.85 8.80 % HPS Preferred Income Fund III $0.1100 - $15.44 8.55 % PDT Premium Dividend Fund $0.0825 - $13.34 7.42 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $24.80 7.65 % 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.

BOSTON , Sept. 2, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:          September 2, 2025 Ex Date:                         September 12, 2025Record Date:                 September 12, 2025Payment Date:              September 30, 2025 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 8/29/2025 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $16.05 9.23 % HPF Preferred Income Fund II $0.1235 - $16.16 9.17 % HPS Preferred Income Fund III $0.1100 - $14.78 8.93 % PDT Premium Dividend Fund $0.0825 - $13.40 7.39 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $24.58 7.71 % 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").

BOSTON, Aug. 1, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.

WASHINGTON , July 16, 2025 /PRNewswire/ -- Single-family home prices increased 4.1 percent from Q2 2024 to Q2 2025, down from the previous quarter's year-over-year growth pace of 5.0 percent, according to the latest reading of the Fannie Mae (FNMA/OTCQB) Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos.

HPI is a leveraged CEF blending preferred equity and BBB/BB corporate bonds, with high financials exposure and 38% leverage, magnifying both gains and losses. Despite a 9% distribution, a significant portion is return of capital, making the true yield closer to 7-8%, not fully supported by income. Valuation is unattractive: HPI trades at NAV with tight credit spreads and high rates, leaving little upside and heightened downside risk in a downturn.

BOSTON, June 2, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.

BOSTON , May 13, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended April 30, 2025. The same data for the comparable three-month period ended April 30, 2024 is also available below.

HPI: Accumulation Here Could Reward Patient Investors

BOSTON , Feb. 3, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:    February 3, 2025 Ex Date:                  February 13, 2025 Record Date:          February 13, 2025 Payment Date:        February 28, 2025   Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 1/31/2025 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $17.35 8.54 % HPF Preferred Income Fund II $0.1235 - $16.86 8.79 % HPS Preferred Income Fund III $0.1100 - $14.97 8.82 % PDT Premium Dividend Fund $0.0825 - $12.81 7.73 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $22.63 7.32 % 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.

BOSTON , Dec. 20, 2024 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 20, 2024 Ex Date: December 30, 2024 Record Date: December 30, 2024 Payment Date: January 31, 2025   Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 12/19/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.43 9.02 % The Fund listed above has accelerated the declaration, ex-date, and record date of the regularly scheduled January 2025 distribution in order for the Fund to meet its 2024 distribution requirement for federal excise tax purposes. In February 2025, the above Fund expects to resume its regular monthly declaration, distribution and payment schedule.

BOSTON , Dec. 2, 2024 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date:         December 2, 2024 Ex Date:                       December 12, 2024 Record Date:                December 12, 2024 Payment Date:             December 19, 2024 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 11/29/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $17.65 8.40 % A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund.

BOSTON , Nov. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:         November 1, 2024 Ex Date:                       November 12, 2024 Record Date:                November 12, 2024 Payment Date:             November 29, 2024 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 10/31/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $17.96 8.25 % HPF Preferred Income Fund II $0.1235 - $17.86 8.30 % HPS Preferred Income Fund III $0.1100 - $16.06 8.22 % PDT Premium Dividend Fund $0.0825 - $12.83 7.72 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $23.01 7.20 % 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.

BOSTON , Oct. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: October 1, 2024 Ex Date: October 11, 2024 Record Date: October 11, 2024 Payment Date: October 31, 2024   Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 9/30/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $18.95 7.82 % HPF Preferred Income Fund II $0.1235 - $18.65 7.95 % HPS Preferred Income Fund III $0.1100 - $17.24 7.66 % PDT Premium Dividend Fund $0.0825 - $13.22 7.49 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $23.22 7.13 % 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.

The John Hancock Preferred Income Fund offers an 8.04% yield, but its portfolio is split between preferred stocks and corporate bonds, diverging from its stated strategy. The fund's share price has risen 24.18% over the past year, reducing its yield from 9.84% to 8.04%. The fund's net asset value has not kept up with the recent share price appreciation.

BOSTON , July 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:         July 1, 2024 Ex Date:                       July 11, 2024 Record Date:                July 11, 2024 Payment Date:             July 31, 2024 Ticker Fund Name DistributionPer Share Change From PreviousDistribution Market Price asof 6/28/2024 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund $0.1235 - $16.71 8.87 % HPF Preferred Income Fund II $0.1235 - $16.97 8.73 % HPS Preferred Income Fund III $0.1100 - $15.81 8.35 % PDT Premium Dividend Fund $0.0825 - $11.78 8.40 % HTD Tax-Advantaged Dividend  Income Fund $0.1380 - $20.21 8.19 % 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.