HPS: Improved Valuation, But Buy Case Still Elusive
Source: SeekingAlpha
2026-01-07 11:08:21 ET
The John Hancock Preferred Income Fund III ( HPS ) is a closed-end fund that aims to provide investors with a high level of current income. The fund’s website claims that the fund achieves this objective by investing in a portfolio that consists of traditional preferred stocks and convertible preferred securities:
John Hancock Manulife
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HPS: Improved Valuation, But Buy Case Still Elusive
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