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John Hancock Closed-End Funds Release Earnings Data

On February 25, 2025, John Hancock Investment Management released the earnings data for its closed-end funds for the three-month period ending January 31, 2025. This report not only includes the current quarter’s performance but also compares it to the results from the same quarter last year.

The earnings report captures critical financial metrics, including net investment income, dividends per common share, and the funds' net asset values (NAV). Here's a comprehensive overview of several key closed-end funds:

Key Fund Highlights

1. Preferred Income Fund (HPI)
- Current Fiscal Year End: July 31
- Net Investment Income: $7,148,449
- Earnings Per Common Share: $0.268
- NAV: $16.29
- Total Managed Assets: $692,349,785
- Total Net Assets: $435,249,785

2. Preferred Income Fund II (HPF)
- Current Fiscal Year End: July 31
- Net Investment Income: $5,784,093
- Earnings Per Common Share: $0.268
- NAV: $16.14
- Total Managed Assets: $555,094,277
- Total Net Assets: $348,394,277

3. Income Securities Trust (JHS)
- Current Fiscal Year End: October 31
- Net Investment Income: $1,580,863
- Earnings Per Common Share: $0.136
- NAV: $12.01
- Total Managed Assets: $231,190,346
- Total Net Assets: $139,890,346

4. Tax-Advantaged Dividend Income Fund (HTD)
- Current Fiscal Year End: October 31
- Net Investment Income: $9,178,005
- Earnings Per Common Share: $0.259
- NAV: $24.23
- Total Managed Assets: $1,277,580,165
- Total Net Assets: $858,680,165

These figures indicate the funds' performance in generating income, which is derived mainly from interest and dividend income minus expenses. The earnings reported today represent historical performance, and it is important for investors to note that future results may vary.

Comparative Analysis

Comparing the Q1 2025 figures with the previous year's Q1 results, we see an increase in net investment income across most funds, with the Preferred Income Fund showing a significant rise. For instance, the net investment income for HPI last year was $6,973,200, which indicates a healthy trend in earnings.

This report is a crucial part of understanding how John Hancock’s closed-end funds are positioned within the market and their capability to generate returns for investors. It’s essential for stakeholders to monitor these metrics closely, as they serve as indicators of potential future performance.

Investor Insights

Investing in closed-end funds comes with its set of risks and considerations. Investors should evaluate the investment objectives, risks, and expenses associated with these funds before making financial decisions. John Hancock emphasizes that while past earnings provide insights, they do not guarantee future results, highlighting the unpredictable nature of investment landscapes.

For ongoing updates about distributions and further financial news, investors can visit John Hancock Investment Management's website.

About John Hancock Investment Management

As part of Manulife Investment Management, John Hancock offers a unique multimanager approach that combines robust internal capabilities with a network of specialized asset managers. This strategy aims to deliver a diverse range of well-researched investments. With a commitment to financial stewardship and responsible investing, the firm provides resources that are tailored to help individuals and institutions build financial security.

For any media inquiries, individuals are encouraged to reach out to Gordon Haight at (617) 572-0034 or through investor relations at (800) 843-0090.