HPI News and Press, John Hancock Preferred Income Fund of Beneficial Interest From 07/16/19

By Daniel Shvartsman The first half of 2019 saw a lot of green in the markets, as broader indices recovered from the brief bear market in the second half of 2018 and returned to new heights. Despite that, the wall of worry continued to grow, even if the specific concerns changed. Instead...

Preferred stocks/products are a good choice for defensive investors seeking high-yield income products. This is because preferred products are paid ahead of common shareholders in case of a bankruptcy. Flaherty & Crumrine Preferred Securities Income Fund ( FFC ) is a fund that primarily...

John Hancock Preferred Income Fund (NYSE: HPI ) declares $0.14/share monthly dividend , in line with previous. Forward yield 7.2% Payable July 31; for shareholders of record July 11; ex-div July 10. See HPI Dividend Scorecard, Yield Chart, & Dividend Growth. More news on: J...

Introduction The week was once again quite successful for the fixed-income world. The leading benchmark reached a new high. The 10-year interest rates went to new lows and the bond ETF trades stable for now. Statistically, most of the closed-end funds are " Sell " candidates and we do not ha...

Introduction The closed-end funds in the sector start to look more 'confident' as we can see it in their results. Today, we will see only positive Z-scores and higher premiums. The average results for the sector are significantly higher than last time, and we start to see some interesting mo...

Introduction Currently, I cannot say that the sector is overvalued nor undervalued. The numbers tell us that the funds are trading at normal levels. The leading benchmark is trading in a sideways trend for a while now and looks stable. We have a couple of statistically overvalued closed-e...

With interest rates low and the Federal Reserve (Fed) set to stay on pause through year-end, income-focused investors are expanding their search for yield. One area that has attracted attention in recent months is the preferred securities category. Since the Fed first announced a pause on rate...

Introduction Over the past week, several closed-end funds announced their regular distributions. This might create a good environment for some good " Buy " candidates. The Z-scores remained high this week as well, and since there is a lack of volatility in the sector, there were not any majo...

Introduction Over the past few months, most of you have noticed our increased activity in closed-end funds as the inflow of volatility finally shook them up and created various arbitrage, and directional, opportunities for active traders like us. There were no important news that could aff...

Introduction The preferred stock closed-end funds are currently trading at high Z-scores and relatively tight NAV/Price spreads. Some of the CEFs are statistically overvalued here and might be good " Sell " candidates. However, we should be cautious with the short game because it requires a ...