John Hancock Closed-End Funds Announce New Earnings Report for Q2 2025
On May 13, 2025, John Hancock Investment Management unveiled the latest earnings data for its Closed-End Funds, revealing key financial metrics for the quarter that concluded on April 30, 2025. This report provides crucial insights into the performance of several funds managed by the firm and demonstrates its ongoing commitment to delivering value to investors.
Earnings Overview
The earnings announcement includes vital statistics covering net investment income, net asset value (NAV), total managed assets, and total net assets for each fund. These details are a testament to how efficiently the company is managing its portfolios.
The Preferred Income Fund (HPI) reported a net investment income of approximately $7.38 million, or $0.276 per share, with an NAV of $15.42 and total managed assets reaching about $669.61 million. Similarly, the Preferred Income Fund II (HPF) saw a net income of about $5.97 million, which amounted to $0.276 per share, maintaining a respectable NAV of $15.29.
The Preferred Income Fund III (HPS) recorded a net income of $7.97 million, with a per-share income of $0.248 and an NAV of $13.74 from total managed assets amounting to $715.12 million. In the Income Securities Trust (JHS), the net investment income was approximately $1.69 million; this resulted in a per-share income of $0.145 and an NAV of $12.04.
Additionally, the Investors Trust (JHI) reported a net income of around $2.48 million, translating to $0.284 per share, supported by total managed assets of $212.10 million with an NAV of $14.32. The Premium Dividend Fund (PDT) turned in a net income of $7.93 million that equated to $0.161 per share, positioned around an NAV of $13.35 from a robust total managed asset array of over $1 billion.
Comparative Data from Previous Year
When comparing these profitability metrics to the previous year, it's notable that HPI produced a net investment income of $7.06 million for the three months ending April 30, 2024. This indicates a year-over-year growth that emphasizes the fund's effective management strategies. The earnings and statistics from prior periods show a solid commitment to enhancing shareholder value through active investment strategies.
For instance, HPF reported a net income of $5.71 million last year, signaling positive growth in investment returns over the reported period.
The analysis of JHS highlights a substantial improvement in operational performance; it recorded a lower income of $1.32 million last year compared to the current reporting period. The improvements are indicative of a focused effort from the firm to enhance net yields for its investors.
Prospective Outlook
Looking ahead, investors should remain informed about various factors influencing these earnings. Financial markets are inherently volatile, and factors such as interest rates and economic conditions may affect future results. John Hancock Investments encourages potential investors to consider the overall objectives, risks, and associated fees before making decisions regarding these funds.
The earnings presented are reflective of previous performances, and investors should be wary as future results may differ significantly depending on external factors that could influence these closed-end funds.
About John Hancock Investment Management
As a significant player in the financial services realm, John Hancock Investment Management employs a unique multimanager approach that integrates internal capabilities with an extensive network of specialized asset managers. This strategic foundation enables the firm to offer a diverse portfolio of investments aimed at satisfying the varied needs of its investors, alongside proven expertise in managing assets effectively.
For additional information or inquiries, investors can visit John Hancock Investment Management's website, where more detailed data, including distribution rates and further financial insights, can be accessed easily.
Earnings Overview
The earnings announcement includes vital statistics covering net investment income, net asset value (NAV), total managed assets, and total net assets for each fund. These details are a testament to how efficiently the company is managing its portfolios.
The Preferred Income Fund (HPI) reported a net investment income of approximately $7.38 million, or $0.276 per share, with an NAV of $15.42 and total managed assets reaching about $669.61 million. Similarly, the Preferred Income Fund II (HPF) saw a net income of about $5.97 million, which amounted to $0.276 per share, maintaining a respectable NAV of $15.29.
The Preferred Income Fund III (HPS) recorded a net income of $7.97 million, with a per-share income of $0.248 and an NAV of $13.74 from total managed assets amounting to $715.12 million. In the Income Securities Trust (JHS), the net investment income was approximately $1.69 million; this resulted in a per-share income of $0.145 and an NAV of $12.04.
Additionally, the Investors Trust (JHI) reported a net income of around $2.48 million, translating to $0.284 per share, supported by total managed assets of $212.10 million with an NAV of $14.32. The Premium Dividend Fund (PDT) turned in a net income of $7.93 million that equated to $0.161 per share, positioned around an NAV of $13.35 from a robust total managed asset array of over $1 billion.
Comparative Data from Previous Year
When comparing these profitability metrics to the previous year, it's notable that HPI produced a net investment income of $7.06 million for the three months ending April 30, 2024. This indicates a year-over-year growth that emphasizes the fund's effective management strategies. The earnings and statistics from prior periods show a solid commitment to enhancing shareholder value through active investment strategies.
For instance, HPF reported a net income of $5.71 million last year, signaling positive growth in investment returns over the reported period.
The analysis of JHS highlights a substantial improvement in operational performance; it recorded a lower income of $1.32 million last year compared to the current reporting period. The improvements are indicative of a focused effort from the firm to enhance net yields for its investors.
Prospective Outlook
Looking ahead, investors should remain informed about various factors influencing these earnings. Financial markets are inherently volatile, and factors such as interest rates and economic conditions may affect future results. John Hancock Investments encourages potential investors to consider the overall objectives, risks, and associated fees before making decisions regarding these funds.
The earnings presented are reflective of previous performances, and investors should be wary as future results may differ significantly depending on external factors that could influence these closed-end funds.
About John Hancock Investment Management
As a significant player in the financial services realm, John Hancock Investment Management employs a unique multimanager approach that integrates internal capabilities with an extensive network of specialized asset managers. This strategic foundation enables the firm to offer a diverse portfolio of investments aimed at satisfying the varied needs of its investors, alongside proven expertise in managing assets effectively.
For additional information or inquiries, investors can visit John Hancock Investment Management's website, where more detailed data, including distribution rates and further financial insights, can be accessed easily.
Topics Financial Services & Investing）
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