John Hancock Preferred Income Fund

HPI

Market cap $460M

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. 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.

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. 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.

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

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 , July 1, 2025 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date:         July 1, 2025 Ex Date:                       July 11, 2025 Record Date:                July 11, 2025 Payment Date:             July 31, 2025 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 6/30/2025 Annualized Current Distribution Rate at Market HPI Preferred Income Fund I $0.1235 - $15.99 9.27 % HPF Preferred Income Fund II $0.1235 - $15.81 9.37 % HPS Preferred Income Fund III $0.1100 - $14.26 9.26 % PDT Premium Dividend Fund $0.0825 - $13.17 7.52 % 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, 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.