John Hancock Preferred Income Fund I Declares $0.1235 Monthly Distribution at 9.45% Yield
John Hancock Preferred Income Fund I declared a monthly distribution of $0.1235 per share, with an annualized current distribution rate of 9.45% based on its March 31 market price of $15.69. The ex-dividend date is April 13, 2026, with payment scheduled for April 30, 2026.
1. Distribution Declaration
John Hancock Preferred Income Fund I declared a monthly distribution of $0.1235 per share under its managed distribution plan, marking no change from previous payments. The ex-dividend and record dates are April 13, 2026, and the payment date is set for April 30, 2026.
2. Yield Calculation and Market Impact
The distribution equates to an annualized current distribution rate of 9.45% based on the fund’s March 31 market price of $15.69. Investors may assess this yield relative to peer funds and prevailing fixed-income opportunities when evaluating the fund’s income potential.
3. Distribution Composition and Tax Considerations
Distributions may consist of net investment income, realized capital gains, and, if necessary, return of capital under the fund’s managed distribution plan. Shareholders will receive a detailed breakdown of distribution components post-payment and a Form 1099-DIV for tax reporting.