John Hancock Preferred Income Fund III Reports First Quarter Earnings
September 26 2005 - 4:15PM
PR Newswire (US)
BOSTON, Sept. 26 /PRNewswire-FirstCall/ -- John Hancock Preferred
Income Fund III (NYSE:HPS), a closed-end fund managed by John
Hancock Advisers, LLC, reported today that net investment income
was $16,887,441 for the first quarter ended August 31, 2005. For
the comparable period in 2004, net investment income was
$17,083,869. As of August 31, 2005, the net asset value per share
was $24.36 with total net assets of $1,111,908,755* and 31,280,764
common shares outstanding. Comparable figures for August 31, 2004
reflect a net asset value per share of $23.63, total net assets of
$1,086,623,105* and 31,171,487 common shares outstanding. John
Hancock Funds, a premier investment management company, managed
more than $33.4 billion in open-end funds, closed-end funds,
private accounts, retirement plans and related party assets for
individual and institutional investors as of June 30, 2005.
Additional information about the company can be found on the
website: http://www.jhfunds.com/. John Hancock Funds is a wholly
owned subsidiary of John Hancock Financial Services, Inc., a
subsidiary of Manulife Financial Corporation. Founded in 1862, John
Hancock Financial Services and its subsidiaries today offer a broad
range of financial products and services, including whole, term,
variable, and universal life insurance, as well as college savings
products, mutual funds, fixed and variable annuities, long-term
care insurance and various forms of business insurance. Manulife
Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories
worldwide. Operating as Manulife Financial in Canada and Asia, and
primarily through John Hancock in the United States, the Company
offers clients a diverse range of financial protection products and
wealth management services through its extensive network of
employees, agents and distribution partners. Funds under management
by Manulife Financial and its subsidiaries were Cdn$364 billion
(US$297 billion) as at June 30, 2005. Manulife Financial
Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under
'0945' on the SEHK. Manulife Financial can be found on the Internet
at http://www.manulife.com/. * Total net assets include value of
preferred shares DATASOURCE: John Hancock Preferred Income Fund III
CONTACT: Kimberley Dietrich +1-617-375-0311 or Investors:
+1-800-843-0090, both of John Hancock Web Site:
http://www.jhfunds.com/ http://www.manulife.com/
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