John Hancock Preferred Income Fund III Reports Third Quarter Earnings
March 27 2006 - 3:23PM
PR Newswire (US)
BOSTON, March 27 /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 $17,083,062 for the third quarter ended February 28, 2006. For
the comparable period in 2005, net investment income was
$16,981,886. As of February 28, 2006, the net asset value per share
was $23.50 with total net assets of $1,085,055,368* and 31,280,764
common shares outstanding. Comparable figures for February 28, 2005
reflect a net asset value per share of $24.55, total net assets of
$1,118,031,990* and 31,280,764 common shares outstanding. John
Hancock Funds, the mutual fund business unit of John Hancock
Financial Services, offers a broad array of investment products,
including open-end and closed-end funds, privately managed
accounts, 529 plans and retirement accounts to retail and
institutional investors. As of December 31, 2005, investors
entrusted John Hancock Funds with more than $43.8 billion.
Additional information about John Hancock Funds can be found on the
website: http://www.jhfunds.com/. About Manulife Financial and John
Hancock John Hancock is a unit of Manulife Financial Corporation, 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$372 billion (US$319 billion) as at
December 31, 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/.
The John Hancock unit, through its insurance companies, comprises
one of the largest life insurers in the United States. John Hancock
offers a broad range of financial products and services, including
universal life insurance, variable life, term life and whole life,
as well as college savings products, fixed and variable annuities,
long-term care insurance, mutual funds, 401(k) plans and various
forms of business insurance. * 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 Web site:
http://www.jhfunds.com/ http://www.manulife.com/
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