HPS: Buying Preferred Shares Through The Rate Cycle [Seeking Alpha]
John Hancock Preferred Income Fund III Preferred Income Fund III (HPS)
US:NYSE Investor Relations:
jhinvestments.com/fund/overview.aspx?producttype=closedend&fundid=34300&classcode=ce
Company Research
Source: Seeking Alpha
HPS is positioned for income stability and potential capital growth amid a likely continued rate downcycle and possible rotation into value and dividend income assets. The HPS closed-end fund maintains a 57% allocation to preferreds and 40% to corporate bonds, employing 37.43% leverage to amplify returns. I recommend HPS with a Buy rating as part of a diversified fixed income portfolio, emphasizing its robust monthly distributions and low duration profile. Andrii Yalanskyi/iStock via Getty Images The John Hancock Preferred Income Fund III ( HPS ) is a closed-end fund, or CEF, designed to provide investors with diversified exposure to preferred stocks and corporate bond issuances, providing investors with equity-like fixed income. HPS is primarily This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this art
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Sec Filings
- 12/29/25 - Form NPORT-P
- 12/29/25 - Form NPORT-P
- 12/11/25 - Form DEF
- HPS's page on the SEC website