John Hancock Preferred Income Fund III Reports First Quarter Earnings
September 28 2004 - 5:54PM
PR Newswire (US)
John Hancock Preferred Income Fund III Reports First Quarter
Earnings BOSTON, Sept. 28 /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 $17,083,869 for the first quarter ended August 31, 2004.
For the comparable period in 2003, net investment income was
$8,867,983. As of August 31, 2004, the net asset value per share
was $23.63 with total net assets of $1,086,623,105* and 31,171,487
common shares outstanding. Comparable figures for August 31, 2003
reflect a net asset value per share of $22.62, total net assets of
$1,042,890,919* and 30,630,990 common shares outstanding. John
Hancock Funds, a premier investment management company, managed $27
billion in open-end funds, closed-end funds, private accounts and
retirement plans for individual and institutional investors as of
June 30, 2004. 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 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.
Funds under management by Manulife Financial and its subsidiaries
were Cdn$360 billion (US$269 billion) as at June 30, 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/. * 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
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