John Hancock Preferred Income Fund I Declares $0.1235 Distribution with 9.45% Yield
HPF declared its April 2026 monthly distribution of $0.1235 per share with an ex- and record date of April 13 and payment on April 30. The fund’s market price was $15.69 as of March 31, implying a 9.45% annualized distribution rate.
1. Distribution Details
On April 1, 2026 HPF approved a monthly distribution of $0.1235 per share under its managed distribution plan. The ex- and record dates are scheduled for April 13, with payment to shareholders on April 30. The fund’s market price stood at $15.69 on March 31, yielding an annualized 9.45%.
2. Distribution Components
Distributions may comprise net investment income, net realized long-term and short-term capital gains and, if necessary, return of capital. The plan allows additional distributions to avoid federal income or excise taxes on undistributed income or gains.
3. Tax and Investor Notes
A notice with estimated distribution components will be sent at payment and posted online, followed by a Form 1099-DIV after year end. Investors should review the fund’s investment objectives, risks, charges and expenses before investing.