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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

Read the full article on Seeking Alpha

For further details see:

HPS: Improved Valuation, But Buy Case Still Elusive
First Trust Intermediate Duration Preferred & Income Fund of Beneficial Interest

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