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Thomas Rowe Wright, a director at John Hancock Preferred Income Fund (NYSE:HPI), recently acquired 726 common shares of beneficial interest in the fund. The timing is notable as InvestingPro data shows the stock has declined 9.6% over the past week, with technical indicators suggesting oversold conditions. The transaction, dated April 8, 2025, was executed at a price of $15.1625 per share, resulting in a total purchase value of $11,007. This acquisition brings Wright's total holdings to 726 shares, reflecting a direct ownership interest in the fund. The fund, with a market capitalization of $412 million, currently offers an attractive 9.83% dividend yield and has maintained dividend payments for 24 consecutive years. InvestingPro subscribers can access 6 additional key insights about HPI's financial health and market position.
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