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John Hancock Preferred Income Fund III (HPS)

Specialty Equity Funds - Preferred Equity

Data as of Aug. 18, 2022
Current
Market Price $16.85 (- $0.07)
NAV (Aug. 18, 2022) $16.18 (+ $0.03)
Fund Listed NYSE
Premium / Discount 4.14% (-0.63%)
Fund Info
Inception June 18, 2003
Sponsor John Hancock Advisers
Website https://www.jhinvestme...
Phone 800-338-8080
NAV Symbol XHPSX
Location Massachusetts
Incorporated Massachusetts
Staggered Board Yes
Objective: High current income consistent with preservation of capital; preferred stocks, convertible preferred securities and investment grade fixed-income securities
Related Indexes
Preferred Equity Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 31,760,921
Total Assets (Reported: Jan. 31, 2022) $830M
Estimated Total Assets $811M
Net Assets $514M
Market Cap $535M
Portfolio Turnover 11.00%
Total Leverage 36.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.55%
Non Lev Exp Ratio 1.18%
Rel Lev Cost 0.68%
Discount Data
Average Discount (3 Yr) 2.06%
Discount Low(3 Yr) -5.82%
Discount High(3 Yr) 8.84%
Discount Rel Range 67.93%
Comp Discount 5.12
Discount St Dev (1Yr) 2.23
Z-Stat
Z-Stat (6mo) -0.20
Z-Stat (1Yr) -0.13
Z-Stat (3Yr) 0.69
Comp Z-Stat (6mo) -0.84
Comp Z-Stat (3Yr) 1.19
Distribution Data
Market Yield 7.83%
Income Yield 7.83%
Lev Adj NAV Yield 5.97%
Distribution Frequency M
Current Distribution $0.110
Current Income $0.110
Ex-Date 8/10/22
Payable Date 8/31/22
Div Growth (3yr) -9.98%
Dividend Change -10.0% on 10/1/19
Expected Div 9/1/22
RoC (1yr) 11.52%
RoC (3yr) 9.23%
Tax Dividend Data 2021 2019 - 2021
Income 92.1% 90.2%
ST Gains 0% 0%
QDI 37.2% 40.0%
LT Gains 0% 0%
RoC 8.0% 9.8%
Volume & Liquidity
Average Daily $ (K) $724
Avg Volume 30 day 31,530
Avg Volume 90 day 42,942
Volume Trend -26.58%
Comp Volume Trend -10.69%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
62.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
76.0%
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
85.0%
Most Correlated Peer (Mk Pr): HPI 87.0%
NAV - Price Correlation (30 d) 94.7%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) 95.1%
Price St Dev (1Yr) 17.8%
NAV St Dev (1Yr) 9.8%
Earnings
Earnings / Share (4/30/22) $0.106
Earn Coverage 96.36%
Earnings Trend Flat
UNII / Share (1/31/22) $-0.056
Rel UNII -4.25
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.40
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.78
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index
1.11

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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