Key information

🔎 Fund Overview

John Hancock Preferred Income Fund III (the Fund) is a closed-end management investment company. The Fund seeks 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 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 at least 50% of its total assets in preferred securities and other fixed-income securities that are rated investment grade. Its portfolio includes preferred securities-United States, Preferred Securities-Foreign, common stocks, corporate bonds, capital preferred securities and short-term investments and other. It invests in various sectors, including financials, utilities, energy, communication services, real estate, consumer staples, health care, and others.