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John Hancock Preferred Income Fund (HPI)

Specialty Equity Funds - Preferred Equity

Data as of Sept. 29, 2023
Market Price $14.57 (+ $0.02)
NAV (Sept. 29, 2023) $14.56 (+ $0.02)
Fund Listed NYSE
Premium / Discount 0.07% (-0.00%)
Fund Info
Inception Aug. 27, 2002
Sponsor John Hancock Advisers
Website https://www.jhinvestme...
Phone 800-338-8080
Location Massachusetts
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: High current income consistent with preservation of capital; preferred stocks, convertible preferred securities and investment grade fixed-income securities
Related Indexes
Preferred Equity Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 26,429,752
Total Assets (Reported: Jan. 31, 2023) $717M
Estimated Total Assets $633M
Net Assets $385M
Market Cap $385M
Portfolio Turnover 15.00%
Total Leverage 39.17%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.83%
Non Lev Exp Ratio 1.29%
Rel Lev Cost 4.13%
Discount Data
Average Discount (3 Yr) 1.26%
Discount Low(3 Yr) -6.11%
Discount High(3 Yr) 8.27%
Discount Rel Range (3 Yr) 42.98%
Comp Discount 10.18
Discount St Dev (1Yr) 2.15
Z-Stat (6mo) -0.81
Z-Stat (1Yr) -0.71
Z-Stat (3Yr) -0.45
Comp Z-Stat (6mo) 0.29
Comp Z-Stat (3Yr) 1.09
Distribution Data
Market Yield 10.17%
Income Yield 10.17%
Lev Adj NAV Yield 7.31%
Distribution Frequency M
Current Distribution $0.124
Current Income $0.124
Ex-Date 9/8/23
Payable Date 9/29/23
Div Growth (3yr) 0.00%
Dividend Change -11.8% on 10/1/19
Expected Div 10/2/23
RoC (1yr) 14.89%
RoC (3yr) 10.91%
Tax Dividend Data 2022 2020 - 2022
Income 91.4% 92.5%
ST Gains 0% 0%
QDI 34.8% 36.5%
LT Gains 0% 0%
RoC 8.6% 7.5%
Volume & Liquidity
Average Daily $ (K) $737
Avg Volume 30 day 43,600
Avg Volume 90 day 50,588
Volume Trend -13.81%
Comp Volume Trend -11.75%
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 93.0%
NAV - Price Correlation (30 d) 90.2%
NAV - Price Correlation (90 d) 86.9%
NAV - Price Correlation (1 Yr) 93.0%
Price St Dev (1Yr) 19.7%
NAV St Dev (1Yr) 14.7%
Earnings / Share (7/31/23) $0.086
Earn Coverage 69.64%
Earnings Trend Down
UNII / Share (1/31/23) $-0.228
Rel UNII -15.36
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

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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