BOSTON, Dec. 21, 2021 /PRNewswire/ - The John
Hancock closed-end Preferred Income Fund declared its monthly
distribution today as follows:
Declaration
Date:
|
December 21,
2021
|
Ex Date:
|
December 30,
2021
|
Record
Date:
|
December 31,
2021
|
Payment
Date:
|
January 31,
2022
|
Ticker
|
Fund
Name
|
Distribution
Per Share
|
Change From
Previous
Distribution
|
Market Price
as
of 12/20/2021
|
Annualized
Current
Distribution Rate
at Market
|
HPI
|
Preferred Income
Fund
|
$0.1235
|
-
|
$20.42
|
7.26%
|
The Fund listed above has accelerated the declaration, ex-date,
and record date of the regularly scheduled January 2022 distribution in order for the Fund
to meet its 2021 distribution requirement for federal excise tax
purposes. In February 2022, the above
Fund expects to resume its regular monthly declaration,
distribution and payment schedule.
A portion of a Fund's current distribution may include sources
other than net investment income, including a return of capital.
Investors should understand that a return of capital is not a
distribution from income or gains of a Fund. As required under the
Investment Company Act of 1940, a notice with the estimated
components of the distribution will be sent to shareholders at the
time of payment if it does not consist solely of net investment
income. Such notice will also be posted to the Funds' website at
www.jhinvestments.com. The notice should not be used to prepare tax
returns as the estimates indicated in the notice may differ from
the ultimate federal income tax characterization of distributions.
After the end of each calendar year, investors will be sent a Form
1099-DIV informing them how to report distributions received during
that year for federal income tax purposes.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before investing.
About John Hancock Financial and Manulife Financial
John Hancock is a division of
Manulife Financial Corporation, a leading international financial
services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States and as Manulife elsewhere. We provide
financial advice, insurance, and wealth and asset management
solutions for individuals, groups, and institutions. Assets under
management and administration by Manulife and its subsidiaries were
over CAD$1.4 trillion (US$1.1 trillion) as of September 30, 2021. Manulife Financial
Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945
on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
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SOURCE John Hancock Investment Management