John Hancock Preferred Income Fund III Declares Monthly Dividend
07 April 2005 - 7:34AM
PR Newswire (US)
John Hancock Preferred Income Fund III Declares Monthly Dividend
BOSTON, April 6 /PRNewswire-FirstCall/ -- John Hancock Preferred
Income Fund III (NYSE:HPS) declared its monthly dividend as
follows: Declaration Date: April 6, 2005 Ex Date: April 14, 2005
Record Date: April 18, 2005 Payment Date: May 2, 2005 Dividend
Amount: $0.159 This dividend equates to an annualized yield of 8.90
percent, based on the fund's closing market price as of April 5,
2005. John Hancock Preferred Income Fund III is a diversified,
closed-end fund. The Fund's primary investment objective is to
provide a high level of current income, consistent with
preservation of capital. The Fund's secondary objective is to
provide growth of capital to the extent consistent with its primary
investment objective. The Fund invests at least 80% of its total
assets in preferred securities and other fixed income securities
which are rated investment grade. John Hancock Funds, a premier
investment management company, managed $31.3 billion in open-end
funds, closed-end funds, private accounts and retirement plans for
individual and institutional investors and related party assets as
of December 31, 2004. Additional information about the company can
be found on the website: http://www.jhfunds.com/. John Hancock
Funds is a wholly owned subsidiary of John Hancock Financial
Services, Inc., which is a unit of Manulife Financial Corporation,
a leading Canadian-based financial services group serving millions
of customers in 19 countries and territories worldwide. Operating
as Manulife Financial in Canada and most of Asia, and primarily
through John Hancock in the United States, the Company offers
clients a diverse range of financial protection products and wealth
management services through its extensive network of employees,
agents and distribution partners. Funds under management by
Manulife Financial and its subsidiaries were Cdn$348 billion
(US$289 billion) as of December 31, 2004. Manulife Financial
Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under
'0945' on the SEHK. Manulife Financial can be found on the Internet
at http://www.manulife.com/. The John Hancock unit, through its
insurance companies, comprises one of the largest life insurers in
the United States. John Hancock Financial Services offers a broad
range of financial products and services, including whole life,
term life, variable life, and universal life insurance, as well as
college savings products, fixed and variable annuities, long-term
care insurance, mutual funds and various forms of business
insurance. DATASOURCE: John Hancock Preferred Income Fund III
CONTACT: Kimberley Dietrich, +1-617-375-0311, or Investors:
+1-800-843-0090, both of John Hancock Web site:
http://www.jhfunds.com/ http://www.manulife.com/
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