CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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John Hancock Preferred Income Fund III (HPS)

Specialty Equity Funds - Prefered Equity Leveraged

Data as of Dec. 14, 2018
Market Price $16.61 (- $0.30)
NAV (Dec. 14, 2018) $16.93 (- $0.01)
Premium / Discount -1.89% (-1.71%)
Fund Info
Inception June 18, 2003
Sponsor John Hancock Advisers
Website www.jhinvestments.com/...
Phone 800-338-8080
Objective: High current income consistent with preservation of capital; preferred stocks, convertible preferred securities and investment grade fixed-income securities
Related Indexes
60/40 Balanced (w/ BDCs) Index
Preferred Equity Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 31,576,985
Total Assets (Reported: July 31, 2018) $906M
Estimated Total Assets $828M
Net Assets $535M
Market Cap $524M
Purchases Turnover 29.86%
Sales Turnover 27.08%
Total Leverage 35.46%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.46%
Non Lev Exp Ratio 1.23%
Rel Lev Cost 2.28%
Discount Data
Average Discount (3 Yr) -2.46%
Discount Low(3 Yr) -11.14%
Discount High(3 Yr) 2.28%
Discount Rel Range 68.93%
Comp Discount 3.05
Discount St Dev (1Yr) 2.15
Z-Stat (6mo) -1.19
Z-Stat (1Yr) 0.06
Z-Stat (3Yr) 0.26
Comp Z-Stat (6mo) -0.03
Comp Z-Stat (3Yr) 1.34
Distribution Data
Market Yield 8.83%
Income Yield 6.83%
Lev Adj NAV Yield 6.39%
Distribution Frequency M
Current Distribution $0.122
Current Income $0.095
Ex-Date 12/12/18
Payable Date 12/31/18
Div Growth (3yr) 0.00%
Dividend Change 8.9% on 4/2/12
Expected Div 1/2/19
RoC (1yr) 18.04%
RoC (3yr) 9.30%
Tax Dividend Data 2017 2015 - 2017
Income 98.4% 96.8%
ST Gains 0% 0%
QDI 76.0% 67.8%
LT Gains 0% 0%
RoC 1.6% 3.2%
Volume & Liquidity
Average Daily $ (M) $1,033
Avg Volume 30 day 72,481
Avg Volume 90 day 62,169
Volume Trend 16.59%
Comp Volume Trend 1.12%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
Most Correlated Peer (Mk Pr): HPF 90.0%
NAV - Price Correlation (30 d) 72.6%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) 73.3%
Price St Dev (1Yr) 10.2%
NAV St Dev (1Yr) 6.9%
Earnings / Share (10/31/18) $0.112
Earn Coverage 91.90%
Earnings Trend Up
UNII / Share (7/31/18) $-0.004
Rel UNII -0.31
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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