John Hancock Preferred Income Fund III Declares Monthly Dividend
January 05 2005 - 2:02PM
PR Newswire (US)
John Hancock Preferred Income Fund III Declares Monthly Dividend
BOSTON, Jan. 5 /PRNewswire-FirstCall/ -- John Hancock Preferred
Income Fund III (NYSE:HPS) declared its monthly dividend as
follows: Declaration Date: January 5, 2005 Ex Date: January 13,
2005 Record Date: January 18, 2005 Payment Date: February 1, 2005
Dividend Amount: $0.159 This dividend equates to an annualized
yield of 8.35 percent, based on the fund's closing market price as
of January 4, 2005. 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 objective is to
provide growth of capital to the extent consistent with its primary
investment objective. 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 approximately $29 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, 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$346 billion
(US$274 billion) as at September 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/. 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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