HPI: Take Some Of Your Profits Today [Seeking Alpha]
John Hancock Preferred Income Fund Common Shares of Beneficial Interest (HPI)
US:NYSE Investor Relations:
jhinvestments.com/fund/overview.aspx?producttype=closedend&fundid=99003&classcode=ce&backtofundtabletype=price
Company Research
Source: Seeking Alpha
The HPI closed-end fund has not cut its distribution despite the decline in the value of preferred stocks, but its net asset value has decreased by 20.89% over the past three years. The fund's holdings are primarily in preferred stocks and corporate bonds, with significant exposure to the banking sector, but it is probably reasonably safe. It is very difficult to justify the level of rate cuts that are priced into this fund. The fund is trading at a premium valuation, so it may be best to take some gains right now. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The John Hancock Preferred Income Fund NYSE: HPI ) is a closed-end fund, or CEF, that can be employed by income-focused investors who are looking to derive a substantial level of income from the assets in their portfolios. The fund manages to do this very well, as its 9.21% current yield is comparable to that offe
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HPI
Sec Filings
- 4/4/24 - Form N-CSRS
- 3/29/24 - Form NPORT-P
- HPI's page on the SEC website