Preferred Income Fund II Declares $0.1235 Distribution at 9.16% Yield
HPF•HPF Preferred Income Fund II declared a monthly distribution of $0.1235 per share on June 1 with an ex-date of June 11 and payment scheduled for June 30. At the May 29 market price of $16.18, this distribution implies a 9.16% annualized yield.
1. Distribution Declaration
On June 1, HPF Preferred Income Fund II announced a monthly distribution of $0.1235 per share, with an ex-dividend date and record date of June 11 and a payment date scheduled for June 30.
2. Yield and Market Valuation
Based on the fund’s closing market price of $16.18 on May 29, the new distribution equates to an annualized rate of 9.16%, reflecting no change from the previous month’s declared amount.
3. Distribution Plan Mechanisms
Distributions under the fund’s managed distribution plan may include net investment income, realized gains and return of capital, and the board reserves the right to amend or terminate the plan at any time.
