Company overview
Understand the business
John Hancock Preferred Income Fund (HPI) is a U.S.-domiciled closed-end investment fund. HPI invests principally in preferred securities, including convertible preferreds. It seeks income while retaining exposure to payment deferrals, issuer credit deterioration and changes in interest rates.
Primary earnings measures
Reported fund net investment income per common share, with its exact reporting period, is the core income measure shown here. Realized gains, unrealized changes and distributions are separate measures.
How the company supports its distribution
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.