John Hancock Preferred Income Fund III Reports Second Quarter Earnings
January 09 2006 - 5:07PM
PR Newswire (US)
BOSTON, Jan. 9 /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 $16,075,077 for the second quarter ended November 30, 2005. For
the comparable period in 2004, net investment income was
$16,552,444. As of November 30, 2005, the net asset value per share
was $22.98 with total net assets of $1,068,705,711* and 31,280,764
common shares outstanding. Comparable figures for November 30, 2004
reflect a net asset value per share of $24.14, total net assets of
$1,104,430,742* and 31,246,304 common shares outstanding. John
Hancock Funds manages more than $34.0 billion in open-end funds,
closed-end funds, private accounts, retirement plans and related
party assets for individual and institutional investors as of
September 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$360
billion (US$310 billion) as of September 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 +1-617-663-4217 or Investors:
+1-800-843- 0090 both of John Hancock
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