CEF Market Review: The Double-Whammy Of 'Juicy Yield' CEFs

We review the CEF market valuation and performance through the second week of February and highlight recent market action. CEFs overall saw higher NAVs this week, with MLPs and Utilities leading; sector discounts have tightened, rendering the market relatively expensive versus historical averages. John Hancock preferred share CEFs (HPI, HPF, HPS) maintain high distribution rates but suffer from low coverage, creating a double-whammy setup for investors.

Seeking Alpha • Feb 21, 2026

Hammond Power Solutions Inc. (HPS.A:CA) M&A Call Transcript

Hammond Power Solutions Inc. (HPS.A:CA) M&A Call Transcript

Seeking Alpha • Feb 17, 2026

JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

BOSTON, Feb. 12, 2026 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended January 31, 2026. The same data for the comparable three-month period ended January 31, 2025 is also available below.

PRNewsWire • Feb 12, 2026

HPS: Improved Valuation, But Buy Case Still Elusive

John Hancock Preferred Income Fund III (HPS) offers a 9.13% yield, leveraging preferred securities and corporate bonds for high current income. HPS's use of significant leverage (36.44% of assets) boosts yield but increases share price volatility versus index funds and peers. The fund's price premium has narrowed but remains above NAV and peer averages, making HPS appear somewhat expensive despite improved valuation.

Seeking Alpha • Jan 7, 2026

HPS: Buying Preferred Shares Through The Rate Cycle

John Hancock Preferred Income Fund III offers diversified exposure to preferred stocks and corporate bonds, targeting equity-like fixed income with a 9.08% yield. HPS is positioned for income stability and potential capital growth amid a likely continued rate downcycle and possible rotation into value and dividend income assets. The HPS closed-end fund maintains a 57% allocation to preferreds and 40% to corporate bonds, employing 37.43% leverage to amplify returns.

Seeking Alpha • Jan 7, 2026

JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS

BOSTON, Jan. 2, 2026  /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: January 2, 2026 Ex Date: January 12, 2026 Record Date: January 12, 2026 Payment Date: January 30, 2026 Ticker Fund Name Distribution Per Share  Change From Previous Distribution Market Price as of 12/31/2025 Annualized Current Distribution Rate at Market HPF Preferred Income Fund II $0.1235 - $16.07 9.22 % HPS Preferred Income Fund III $0.1100 - $14.41 9.16 % PDT Premium Dividend Fund $0.0825 - $12.70 7.80 % HTD Tax-Advantaged Dividend Income Fund $0.1580 - $23.66 8.01 % John Hancock Premium Dividend Fund Premium Dividend Fund (the "Fund") declared its monthly distribution pursuant to the Fund's managed distribution plan (the "PDT Plan"). Under the PDT Plan, the Fund makes monthly distributions of an amount equal to $0.0825 per share.

PRNewsWire • Jan 2, 2026

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

Preferred shares are a 200-year-old income-focused hybrid of stocks and bonds. Long-term interest rates are keeping preferred prices low, ensuring high coupons. Heads, we collect high dividends; tails, we collect dividends and price upside.

Seeking Alpha • Dec 21, 2025

The Fed Is Juicing These 3 Massive Monthly Dividends

The Fed is cutting, and that's bullish for preferred stocks and their big payouts. Let's look at a trio yielding up to 9.8% (paying monthly dividends) that will benefit from every ease from Mr.

Forbes • Nov 1, 2025

JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS

BOSTON, MA , Oct. 30, 2025 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management teams for John Hancock Preferred Income Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Divided Income Fund (NYSE: HTD), and John Hancock Income Securities Trust (NYSE: JHS). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").

PRNewsWire • Oct 30, 2025

Hammond Power Solutions Inc. (HPS.A:CA) Q3 2025 Earnings Call Transcript

Hammond Power Solutions Inc. (TSX:HPS.A:CA ) Q3 2025 Earnings Call October 24, 2025 9:00 AM EDT Company Participants Adrian Thomas - CEO & Director Richard Vollering - CFO & Corporate Secretary Conference Call Participants Matthew Lee - Canaccord Genuity Corp., Research Division Baltej Sidhu - National Bank Financial, Inc., Research Division Nicholas Boychuk - Cormark Securities Inc., Research Division Jim Byrne - Acumen Capital Finance Partners Limited, Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to Hammond Power Solutions Third Quarter 2025 Financial Results Conference Call.

Seeking Alpha • Oct 24, 2025