JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES EARLY MONTHLY DISTRIBUTION
Declaration Date: December 19, 2023
Ex Date: December 28, 2023
Record Date: December 29, 2023
Payment Date: January 31, 2024
Ticker | Fund Name | Distribution Per Share | Change From Previous Distribution | Market Price as of 12/18/2023 | Annualized Current Distribution Rate at Market |
HPI | Preferred Income Fund | - | 9.58 % |
The Fund listed above has accelerated the declaration, ex-date, and record date of the regularly scheduled January 2024 distribution in order for the Fund to meet its 2023 distribution requirement for federal excise tax purposes. In February 2024, the above Fund expects to resume its regular monthly declaration, distribution and payment schedule.
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A portion of a Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. Such notice will also be posted to the Funds' website at www.jhinvestments.com. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.
Statements in this press release that are not historical facts are forward-looking statements as defined by
An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.
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SOURCE John Hancock Investment Management