John Hancock Preferred Income (HPI) director adds 613.558 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
John Hancock Preferred Income Fund director Kenneth J. Phelan reported a small open-market share purchase. On January 26, 2026, he bought 613.558 common shares of beneficial interest in the fund at a reported price of $16.30 per share, increasing his directly held position to 613.558 shares. The filing notes this figure is approximate because the fund’s net asset value and exact price per share were not yet finalized when the report was submitted.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 613.558 shares ($10,001)
Net Buy
1 txn
Insider
Phelan Kenneth J
Role
Director
Bought
613.558 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares of Beneficial Interest | 613.558 | $16.30 | $10K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 613.558 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HPI disclose in this Form 4?
The filing shows that director Kenneth J. Phelan bought 613.558 common shares of beneficial interest of John Hancock Preferred Income Fund (HPI) in an open-market transaction.
Was the HPI director’s transaction a purchase or a sale?
It was a purchase, coded as transaction type P (open-market or private purchase) in the Form 4.
Why does the Form 4 say the HPI transaction figures are approximate?
A footnote explains that the number of shares and price per share are approximate because, at the time of filing, the fund had not yet finalized its net asset value, which determines the exact price and corresponding share count.