John Hancock closed-end funds reported mixed Q3 results, with HTD and PDT showing income gains while preferred income funds faced declines amid fiscal year-end adjustments.
Net investment income rose to 11,251,780 for the three months ended 10/31/2026 from 10,471,825 a year earlier, and per-share earnings improved to 0.318 from 0.296, a roughly 7% gain. NAV was essentially flat at 25.87 versus 25.97. The higher income supports the distribution case, though actual payouts are announced separately.
Net investment income increased to 8,434,822 for the three months ended 10/31/2026 from 7,653,218 a year earlier, with per-share earnings up to 0.171 from 0.156. NAV edged down to 13.75 from 13.99. The income improvement is modest and distributions will be set separately.
Net investment income slipped to 7,360,891 for the three months ended 10/31/2026 from 7,492,666 a year earlier and per-share earnings fell to 0.274 from 0.280. NAV dropped notably to 13.85 from 16.18. The lower income and NAV are mild negatives, though the fiscal year-end change to 10/31 complicates comparisons.
Net investment income declined to 5,975,978 for the three months ended 10/31/2026 from 6,074,905 a year earlier, with per-share earnings down to 0.276 from 0.281 and NAV down to 13.74 from 16.03. The lower figures are a mild negative, but the shift of the fiscal year end to 10/31 muddies the comparison and payouts are set separately.
Net investment income was essentially flat at 2,472,003 for the three months ended 10/31/2026 versus 2,491,184 a year earlier, with per-share earnings of 0.283 versus 0.285. NAV declined to 13.50 from 14.84. The negligible income change offsets the lower NAV, leaving no clear directional signal.
John Hancock Investment Management released earnings data for its closed-end funds for the three months ended October 31, 2026. The John Hancock Tax-Advantaged Dividend Income Fund (HTD) and Premium Dividend Fund (PDT) saw net investment income growth, while the Preferred Income funds (HPI, HPF) experienced declines. The company noted that fiscal year-end dates for HPI, HPF, and HPS shifted to October 31, 2026.
Yes, net investment income was 11,251,780 for the three months ended October 31, 2026, up from 10,471,825, and per-share earnings rose to 0.318 from 0.296.
Not necessarily; the funds state that amounts distributed may vary from earnings and will be announced in separate press releases.