John Hancock Preferred Income Fund (HPI)
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16.18 USD
( + 0.04 USD)
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DESCRIPTION
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund was formed on August 27, 2002 and is domiciled in the United States.
NEWS
CEF Market Review: The Double-Whammy Of 'Juicy Yield' CEFs
seekingalpha.com
2026-02-21 08:30:32We review the CEF market valuation and performance through the second week of February and highlight recent market action. CEFs overall saw higher NAVs this week, with MLPs and Utilities leading; sector discounts have tightened, rendering the market relatively expensive versus historical averages. John Hancock preferred share CEFs (HPI, HPF, HPS) maintain high distribution rates but suffer from low coverage, creating a double-whammy setup for investors.
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2026-02-12 16:13:00BOSTON, Feb. 12, 2026 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended January 31, 2026. The same data for the comparable three-month period ended January 31, 2025 is also available below.
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION
prnewswire.com
2025-12-19 16:45:00BOSTON , Dec. 19, 2025 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 19, 2025 Ex Date: December 29, 2025 Record Date: December 29, 2025 Payment Date: January 30, 2026 Ticker Fund Name DistributionPer Share Change FromPrevious Distribution Market Price asof 12/18/2025 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund I $0.1235 - $16.47 9.00 % The Fund listed above has accelerated the declaration, ex-date, and record date of the regularly scheduled January 2026 distribution in order for the Fund to meet its 2025 distribution requirement for federal excise tax purposes. In February 2026, the above Fund expects to resume its regular monthly declaration, distribution and payment schedule.
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION
prnewswire.com
2025-12-01 16:25:00BOSTON , Dec. 1, 2025 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 1, 2025 Ex Date: December 11, 2025 Record Date: December 11, 2025 Payment Date: December 18, 2025 Ticker Fund Name DistributionPer Share Change FromPrevious Distribution Market Price asof 11/28/2025 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund I $0.1235 - $16.95 8.74 % 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.
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2025-11-10 16:11:00BOSTON , Nov. 10, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended October 31, 2025. The same data for the comparable three-month period ended October 31, 2024 is also available below.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-11-03 16:42:00BOSTON, Nov. 3, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.
JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS
prnewswire.com
2025-10-30 16:13:00BOSTON, MA , Oct. 30, 2025 /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 Income Fund (NYSE: HTD), and John Hancock Income Securities Trust (NYSE: JHS). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").
HPI: High Leverage Limits Appeal
seekingalpha.com
2025-10-02 05:06:06John 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.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-10-01 16:19:00BOSTON , 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.
JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES
prnewswire.com
2025-09-25 16:25:00BOSTON , Sept. 25, 2025 /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 17, 2026, at 2:00 p.m.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-09-02 16:17:00BOSTON , 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").
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2025-08-08 16:14:00BOSTON , Aug. 8, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended July 31, 2025. The same data for the comparable three-month period ended July 31, 2024 is also available below.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-08-01 16:19:00BOSTON, Aug. 1, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.
Home Price Growth Moderates in Second Quarter
prnewswire.com
2025-07-16 14:30:00WASHINGTON , 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.
CEF Market Review: The Double-Whammy Of 'Juicy Yield' CEFs
seekingalpha.com
2026-02-21 08:30:32We review the CEF market valuation and performance through the second week of February and highlight recent market action. CEFs overall saw higher NAVs this week, with MLPs and Utilities leading; sector discounts have tightened, rendering the market relatively expensive versus historical averages. John Hancock preferred share CEFs (HPI, HPF, HPS) maintain high distribution rates but suffer from low coverage, creating a double-whammy setup for investors.
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2026-02-12 16:13:00BOSTON, Feb. 12, 2026 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended January 31, 2026. The same data for the comparable three-month period ended January 31, 2025 is also available below.
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION
prnewswire.com
2025-12-19 16:45:00BOSTON , Dec. 19, 2025 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 19, 2025 Ex Date: December 29, 2025 Record Date: December 29, 2025 Payment Date: January 30, 2026 Ticker Fund Name DistributionPer Share Change FromPrevious Distribution Market Price asof 12/18/2025 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund I $0.1235 - $16.47 9.00 % The Fund listed above has accelerated the declaration, ex-date, and record date of the regularly scheduled January 2026 distribution in order for the Fund to meet its 2025 distribution requirement for federal excise tax purposes. In February 2026, the above Fund expects to resume its regular monthly declaration, distribution and payment schedule.
JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION
prnewswire.com
2025-12-01 16:25:00BOSTON , Dec. 1, 2025 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows: Declaration Date: December 1, 2025 Ex Date: December 11, 2025 Record Date: December 11, 2025 Payment Date: December 18, 2025 Ticker Fund Name DistributionPer Share Change FromPrevious Distribution Market Price asof 11/28/2025 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund I $0.1235 - $16.95 8.74 % 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.
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2025-11-10 16:11:00BOSTON , Nov. 10, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended October 31, 2025. The same data for the comparable three-month period ended October 31, 2024 is also available below.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-11-03 16:42:00BOSTON, Nov. 3, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.
JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS
prnewswire.com
2025-10-30 16:13:00BOSTON, MA , Oct. 30, 2025 /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 Income Fund (NYSE: HTD), and John Hancock Income Securities Trust (NYSE: JHS). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").
HPI: High Leverage Limits Appeal
seekingalpha.com
2025-10-02 05:06:06John 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.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-10-01 16:19:00BOSTON , 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.
JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES
prnewswire.com
2025-09-25 16:25:00BOSTON , Sept. 25, 2025 /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 17, 2026, at 2:00 p.m.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-09-02 16:17:00BOSTON , 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").
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
prnewswire.com
2025-08-08 16:14:00BOSTON , Aug. 8, 2025 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended July 31, 2025. The same data for the comparable three-month period ended July 31, 2024 is also available below.
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
prnewswire.com
2025-08-01 16:19:00BOSTON, Aug. 1, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows.
Home Price Growth Moderates in Second Quarter
prnewswire.com
2025-07-16 14:30:00WASHINGTON , 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.