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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly distribution on December 1, 2025.

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

Argus Dec 2 session

+0.71% close to close Open Argus

Details

News Market Reaction – HPI

In the Dec 2 session, HPI gained 0.71%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement detailed a regular monthly distribution of $0.1235 per share, with an ex‑date and ...

Analysis

This announcement detailed a regular monthly distribution of $0.1235 per share, with an ex‑date and record date of December 11, 2025 and payment on December 18, 2025. At a prior market price of $16.95, the fund cited an annualized distribution rate of 8.74%. Management highlighted that payouts may include return of capital, with final tax treatment reported on Form 1099‑DIV, so investors may focus on long-term sustainability and composition of distributions.

Key Figures

Monthly distribution: $0.1235 per share Market price: $16.95 Distribution rate: 8.74% +2 more

Monthly distribution

$0.1235 per share

Declared on December 1, 2025

Market price

$16.95

Market price as of November 28, 2025

Distribution rate

8.74%

Annualized current distribution rate at market

Ex and record date

December 11, 2025

Ex-date and record date for the distribution

Payment date

December 18, 2025

Scheduled cash distribution payment date

Historical Context

1 past event · Latest: Dec 01

1 event

1. Dec 01

   Distribution declaration

   24h Move

   +0.7%

   Monthly distribution of $0.1235 per share with December key dates.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

closed-end, return of capital, net investment income, investment company act of 1940, +2 more

6 terms

closed-end financial

"The John Hancock closed-end Preferred Income Fund declared its monthly"

A closed-end fund is an investment pool that issues a fixed number of shares in a one-time offering and then those shares trade on an exchange like stocks, rather than being continuously created or redeemed. Investors should care because the market price can rise above or fall below the value of the fund’s underlying holdings, affecting returns and liquidity, and managers have a steady pool of capital to follow long-term strategies.

return of capital financial

"may include sources other than net investment income, including a return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net investment income financial

"may include sources other than net investment income, including a return of capital."

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

investment company act of 1940 regulatory

"As required under the Investment Company Act of 1940, a notice with the"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

form 1099-div regulatory

"After the end of each calendar year, investors will be sent a Form 1099-DIV"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

forward-looking statements regulatory

"Statements in this press release that are not historical facts are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.