John Hancock Preferred Income Fund News
John Hancock Preferred Income Fund Reports Third Quarter Earnings
BOSTON, July 17 PRNewswire-FirstCall — John Hancock Preferred Income Fund (NYSE: HPI), a closed-end fund managed by John Hancock Advisers, LLC, reported today that net investment income was $15,438,543 for the third quarter ended April 30, 2008. For the comparable period in 2007, net investment income was $14,783,075.
As of April 30, 2008, the net asset value per share was $20.80 with total net assets of $816,800,887* and 25,807,938 common shares outstanding. Comparable figures for April 30, 2007 reflect a net asset value per share of $24.64, total net assets of $915,598,916* and 25,793,274 common shares outstanding.
About Manulife Financial and John Hancock
The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $54.1 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at March 31, 2008. John Hancock Funds are distributed by John Hancock Funds, LLC, member FINRA. For more information, please visit http://www.jhfunds.com.
John Hancock is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and 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$400 billion (US$389 billion) as of March 31, 2008. 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
SOURCE John Hancock Preferred Income Fund
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