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John Hancock Preferred Income Fund II director acquires shares for $11,003

Published 09/04/2025, 20:38
John Hancock Preferred Income Fund II director acquires shares for $11,003
HPF
-0.18%

Thomas Rowe Wright, a director at John Hancock Preferred Income Fund II (NYSE:HPF), recently acquired 715 common shares of beneficial interest in the company. The purchase, made on April 8, amounted to a total of $11,003, with each share priced at approximately $15.39. The stock, which has experienced a 9.4% decline over the past week, currently trades at $15.75, with an attractive P/E ratio of 8.27.

This acquisition increases Wright's direct ownership in the fund to 715 shares. The transaction was documented in a recent filing with the Securities and Exchange Commission, underscoring Wright's ongoing involvement with the fund. The fund currently offers a substantial 9.8% dividend yield and has maintained dividend payments for 23 consecutive years. InvestingPro analysis reveals several additional insights about the fund's financial health and market position, with multiple ProTips available for subscribers.

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