In a recent transaction reported to the Securities and Exchange Commission, William K. Bacic, a trustee of John Hancock Preferred Income Fund III (NYSE:HPS), acquired 706 common shares of beneficial interest in the fund. The purchase was made on January 14, 2025, at a price of $14.25 per share, totaling approximately $10,060. The fund, currently trading at $14.72, offers an attractive 9.21% dividend yield and trades near its 52-week low of $14.09, according to InvestingPro data.
Following this transaction, Bacic now holds 706 shares directly. The filing was signed by Thomas Dee under power of attorney on January 15, 2025. This purchase reflects Bacic’s continued involvement and investment in the fund, which is part of the broader portfolio of John Hancock Closed-End Funds. InvestingPro analysis reveals the fund has maintained dividend payments for 23 consecutive years, with a favorable P/E ratio of 7.17 and a market capitalization of $471 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.