BOSTON, April 28,
2022 /PRNewswire/ - John Hancock Investment
Management LLC (the "Adviser") today announced changes to the
portfolio management teams for John Hancock Preferred Income Fund
(NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF),
John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock
Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged
Divided Income Fund (NYSE: HTD), and John Hancock Investors Trust
(NYSE: JHI). Each Fund is advised by the Adviser and subadvised by
Manulife Investment Management (US) LLC (the "Subadviser").
Effective June 30, 2022,
James Gearhart, CFA, and
Jonas Grazulis, CFA, will be added
as portfolio managers to John Hancock Preferred Income Fund, John
Hancock Preferred Income Fund II, and John Hancock Preferred Income
Fund III, John Hancock Premium Dividend Fund, John Hancock
Tax-Advantaged Dividend Income Fund, and John Hancock Investors
Trust. Mr. Gearhart and Mr. Grazulis are both Chartered Financial
Analysts, each bringing 11 years of investment industry experience
to the Subadviser's Global Credit team, including 7 and 11 years
with the firm, respectively. Mr. Gearhart and Mr. Grazulis both
currently serve as investment analysts for the Global Credit
team.
In addition, effective June 30,
2022, Dennis McCafferty will
be removed as a portfolio manager to John Hancock Investors
Trust.
For John Hancock Preferred Income Fund, John Hancock Preferred
Income Fund II, John Hancock Preferred Income Fund III, John
Hancock Premium Dividend Fund, and John Hancock Tax-Advantaged
Dividend Income Fund, Mr. Gearhart and Mr. Grazulis will join Ms.
Rothman, Joseph H. Bozoyan, CFA, and
Bradley L. Lutz, CFA, who will
continue to serve as portfolio managers to the Fund. As previously
announced, Mr. Lutz is joining the global multi-sector team at the
Subadviser, and consequently will be removed as a portfolio manager
to each of these Funds effective December
31, 2022. For John Hancock Investors Trust, Mr. Gearhart and
Mr. Grazulis will join Caryn E.
Rothman, CFA, who will continue to serve as a portfolio
manager to the Fund.
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.
Investing involves risks, including the potential loss of
principal.
About John Hancock Investment
Management
A company of Manulife Investment Management, we serve investors
through a unique multimanager approach, complementing our extensive
in-house capabilities with an unrivaled network of specialized
asset managers, backed by some of the most rigorous investment
oversight in the industry. The result is a diverse lineup of
time-tested investments from a premier asset manager with a
heritage of financial stewardship.
About Manulife Investment
Management
Manulife Investment Management is the global brand for the
global wealth and asset management segment of Manulife Financial
Corporation. We draw on more than a century of financial
stewardship and the full resources of our parent company to serve
individuals, institutions, and retirement plan members worldwide.
Headquartered in Toronto, our
leading capabilities in public and private markets are strengthened
by an investment footprint that spans 18 geographies. We complement
these capabilities by providing access to a network of unaffiliated
asset managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better retirement.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulifeim.com.
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SOURCE John Hancock Investment Management