John Hancock Preferred Income Fund (HPI)
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Latest HPI news
HPI: Too Many Risks To Justify The Price
20 November 2023
John Hancock Preferred Income Fund offers a high level of current income with a yield of 10.10%. The fund's performance has been reasonably good, but its net asset value has been declining and it unde...
HPI: Some Good Things, But High Leverage Is A Real Concern Right Now
8 September 2023
The John Hancock Preferred Income Fund offers a high yield of 9.84%, surpassing the fixed-income indices. The fund's recent performance has been disappointing, with a decline in share price and a nega...
3 Preferred Stock Funds Yielding Up To 9.4%
6 August 2023
Is there still a chance to buy the bank dip? You bet—with nifty yields up to 9.4%!
HPI: 9.9% Yielding Preferred Fund
29 June 2023
HPI is one of the more popular closed end funds for preferred shares. The very long term (18 years) performance has been fantastic. The last 7.5 years have produced around 3% annually.
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
11 April 2023
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr...
HPI: A Great Fixed-Income CEF, Albeit A Pricey One
10 April 2023
Investors are in desperate need of income to maintain their standard of living in the face of the highest inflation that we have seen in forty years. John Hancock Preferred Income Fund invests in a po...
HPI: Long-Term Amortizing NAV And Distributions Suggest Caution Warranted
27 January 2023
The HPI fund provides exposure to preferred stocks and corporate bonds. The fund pays an attractive 8.5% distribution yield.
Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)
19 December 2022
2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.
HPI: Solid Income CEF But Should Decline In The Face Of Rising Interest Rates
15 November 2022
HPI invests in a portfolio of preferred stocks and other fixed-income securities in order to provide investors with a very high yield. The closed-end fund is primarily invested in banks and utilities,...