HPS: Improved Valuation, But Buy Case Still Elusive [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's use of significant leverage (36.44% of assets) boosts yield but increases share price volatility versus index funds and peers. The fund's price premium has narrowed but remains above NAV and peer averages, making HPS appear somewhat expensive despite improved valuation. While HPS benefits from monetary policy tailwinds, further upside may depend on more aggressive Fed intervention in long-dated securities. 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 » agrobacter/iStock via Getty Images The John Hancock Preferred Income Fund III ( HPS ) is a closed-end fund that aims to provide investors with a high level of current income. The fund's website claims that the fund achieves this objective by investing in a More on my IG service At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our
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HPS
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