Key information

🔎 Fund Overview

John Hancock Preferred Income Fund (the Fund) is a closed-end management investment company. The fund’s primary investment objective is to provide a high level of current income, consistent with preservation of capital. The fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. The Fund invests 25% or more of its total assets in the industries composing the utilities sector. The Fund may also invest in derivatives such as credit default swaps, futures, options, swaps, reverse repurchase agreements and options on futures. The Company's sector composition include financials, utilities, communication services, energy, real estate, consumer staples, healthcare, industrials, short-term investments, and others.