JOHN HANCOCK CLOSED-END FUND PREFERRED INCOME FUND DECLARES MONTHLY DISTRIBUTION

Rhea-AI Summary

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly distribution on December 1, 2025. The Fund announced a distribution of $0.1235 per share with an ex‑date and record date of December 11, 2025 and a payment date of December 18, 2025.

At market close on November 28, 2025 the Fund's share price was $16.95, producing an annualized current distribution rate of 8.74%. The Fund cautioned that a portion of the distribution may include sources other than net investment income, including a return of capital, and that tax reporting will be provided on Form 1099‑DIV after year end.

Positive

• Monthly distribution declared: $0.1235 per share
• Annualized distribution rate at market: 8.74% (market price $16.95 as of 11/28/2025)
• Clear payment timetable: Ex‑date/Record date Dec 11, 2025; Payment Dec 18, 2025

Negative

• Distribution may include return of capital, which is not income
• Estimated distribution components may differ from final federal tax characterization

BOSTON, Dec. 1, 2025 /PRNewswire/ - The John Hancock closed-end Preferred Income Fund declared its monthly distribution today as follows:

Declaration Date:	December 1, 2025
Ex Date:	December 11, 2025
Record Date:	December 11, 2025
Payment Date:	December 18, 2025

 

Ticker	Fund Name	Distribution Per Share	Change From Previous Distribution	Market Price as of 11/28/2025	Annualized Current Distribution Rate at Market
HPI	Preferred Income Fund I	$0.1235	-	$16.95	8.74 %

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 the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.

About John Hancock Investment Management

A company of Manulife Investment Management, we serve investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship.

About Manulife Investment Management

Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media Contact:	Gordon Haight
	(617) 572-0034
Investor Contact:	(800) 225-6020

View original content:https://www.prnewswire.com/news-releases/john-hancock-closed-end-fund-preferred-income-fund-declares-monthly-distribution-302629561.html

SOURCE John Hancock Investment Management

FAQ

What distribution did John Hancock Preferred Income Fund (HPI) declare on December 1, 2025?

The Fund declared a monthly distribution of $0.1235 per share on December 1, 2025.

When is the ex‑date and payment date for HPI's December 2025 distribution?

The ex‑date and record date are December 11, 2025, and the payment date is December 18, 2025.

What was HPI's market price and annualized distribution rate for the December 2025 distribution?

As of Nov 28, 2025 the market price was $16.95, giving an annualized distribution rate of 8.74%.

Will HPI's December 2025 distribution be taxable as income?

A portion may include return of capital; final tax treatment will be reported on Form 1099‑DIV after year end.

Where can shareholders find details on the estimated components of HPI's distribution?

The Fund will send a notice at payment and post estimated distribution components on the Funds' website at www.jhinvestments.com.

Who can investors contact with questions about HPI's distribution?

Investor contact is available at (800) 225-6020; media contact is Gordon Haight at (617) 572-0034.