Business Description
John Hancock Preferred Income Fund is a US-based closed-end fund established in August 2002 and overseen by John Hancock Investment Management LLC alongside John Hancock Asset Management. The fund focuses on preferred stocks, convertible preferred securities, and high-quality bonds rated investment grade or better by Moody's or Standard & Poor's, spread across a range of industries. Its results are measured against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index.
