John Hancock Preferred Income Fund III Declares Monthly Dividend
July 07 2004 - 4:18PM
PR Newswire (US)
John Hancock Preferred Income Fund III Declares Monthly Dividend
BOSTON, July 7 /PRNewswire-FirstCall/ -- John Hancock Preferred
Income Fund III (NYSE:HPS) declared its regular monthly dividend as
follows: Declaration Date: July 7, 2004 Ex Date: July 15, 2004
Record Date: July 19, 2004 Payment Date: August 2, 2004 Dividend
Amount: $0.1800 This dividend equates to an annualized yield of
9.42 percent, based on the fund's closing market price as of July
6, 2004. John Hancock Preferred Income Fund III is a diversified,
closed-end fund. The Fund's primary investment objective is to
provide a high level of current income, consistent with
preservation of capital. The Fund's secondary investment objective
is to provide growth of capital. The Fund invests at least 80% of
its total assets in preferred securities and other fixed income
securities which are rated investment grade. John Hancock Funds, a
premier investment management company, managed $30.2 billion in
open-end funds, closed-end funds, private accounts and retirement
plans for individual and institutional investors as of March 31,
2004. Additional information about John Hancock Funds can be found
at 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 most of
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. Pro forma
funds under management by Manulife Financial and its subsidiaries
were Cdn$356 billion (US$272 billion) as at March 31, 2004.
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/. 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/
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