John Hancock Preferred Income Fund: Monthly Distribution Update
John Hancock Preferred Income Fund Announces Monthly Distribution
The John Hancock closed-end Preferred Income Fund has made an important announcement regarding its monthly distribution. Investors often look forward to these updates, as they impact the financial landscape and help in making informed decisions.
Key Details on the Latest Distribution
The fund's declaration informs stakeholders about essential dates related to the distribution. Here’s a breakdown of the important information:
Declaration Date
The announcement of the current distribution took place recently, signifying the fund's ongoing commitment to providing returns to its investors.
Ex Distribution Date
This is the crucial date after which new investors will not receive the upcoming distribution. It is essential for potential investors to note this date in their planning.
Record Date and Payment Date
Understanding the record date is vital for existing investors as it determines who will receive the distribution. The payment date is when the distribution will actually be sent out to shareholders.
Fund Performance and Expectations
As investors evaluate the fund, key figures are always at the forefront. The Preferred Income Fund has reported a distribution per share of $0.1235, and it is currently being offered at a market price of $16.95.
Moreover, the fund has noted an annualized current distribution rate at market of 8.74%. This indicator demonstrates the fund's efficiency in providing return on investment while maintaining sustainability and growth over time.
Understanding Distribution Components
A portion of the fund’s current distribution might originate from sources other than net investment income, including a return of capital. This nuance is essential for shareholders, as it differentiates between income generated by investments and funds that are returned to investors.
Tax Implications
Shareholders should be aware that they will receive a Form 1099-DIV at the year's end. This document is crucial for correctly reporting distributions for federal income tax purposes, as it details how the received distributions should be characterized.
About John Hancock Investment Management
John Hancock Investment Management is part of Manulife Investment Management, serving investors through a unique multimanager approach. This distinctive strategy brings together extensive in-house capabilities and a vast network of specialized asset managers.
The approach ensures that investors have access to a diverse array of time-tested investments under the stewardship of a preeminent asset manager renowned for its commitment to financial growth and integrity.
Insights on Manulife Investment Management
As the global brand for the wealth and asset management segment of Manulife Financial Corporation, Manulife Investment Management leverages over a century of expertise to cater to individuals, institutions, and retirement plan members worldwide.
It is dedicated to responsible investing across its operations, developing innovative frameworks for sustainable practices, and engaging in collaborative efforts with companies in its securities portfolios. Such a commitment ensures that clients not only receive competitive returns but also contribute to broader societal impacts.
Contact Information for Investors
For any inquiries about the fund, investors can reach out to the team for further information. Media and investor contacts are always available to address any concerns or questions that may arise.
The direct contact for media is Gordon Haight at (617) 572-0034, while investors can find assistance by calling (800) 225-6020, ensuring reliable support for all stakeholders.
Frequently Asked Questions
What is the latest distribution per share for the Preferred Income Fund?
The latest distribution per share for the Preferred Income Fund is $0.1235.
When will the distribution be paid?
The distribution payment date is set for December 18, 2025.
What does the return of capital mean for investors?
A return of capital refers to funds returned to investors that are not necessarily derived from the investment income or gains, which can affect how distributions are taxed.
How can I find more details about my distributions?
Investors will receive a Form 1099-DIV at the end of the calendar year, detailing the information needed to report distributions for tax purposes.
Who can I contact for further inquiries?
Investors can contact Gordon Haight at (617) 572-0034 for media inquiries or call (800) 225-6020 for investment-related questions.
About The Author
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