BOSTON, June 1, 2015 /PRNewswire/ -- John Hancock
Advisers, LLC today announced an update to the portfolio management
teams for the following John Hancock closed end funds: Preferred
Income Fund (NYSE: HPI), Preferred Income II Fund (NYSE: HPF)
Preferred Income III Fund (NYSE: HPS), Premium Dividend Fund (NYSE:
PDT) and Tax–Advantaged Dividend Income Fund (NYSE: HTD)
(collectively, the "Funds"). The Funds are advised by John Hancock
Advisers, LLC and sub-advised by John Hancock Asset Management
(U.S.) LLC, a division of Manulife Asset Management (the
"Sub-adviser").
Effective June 1, 2015,
Joseph Bozoyan, CFA, joins the
portfolio management teams of the Funds. Mr. Bozoyan, who has
been with the subadviser since 2011, previously held analyst
positions at Evergreen Investments, RCM, and Sun Life. He has
over 20 years of investment experience, has a B.S. in Finance from
Providence College, an M.B.A. from
Boston College and holds the Chartered
Financial Analyst designation.
Additionally, Mark Maloney is
retiring from the subadviser and, effective August 31, 2015, will no longer serve as a
portfolio manager of the Funds. Gregory Phelps, head of the team, will continue
in his role as portfolio manager of the Funds, a role he has served
since 1995. Mr. Phelps is a senior managing director and
senior portfolio manager at John Hancock Asset Management. He
joined the subadviser in 1995 and has over 30 years of investment
experience.
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before
investing.
About John Hancock Investments
John Hancock
Investments provides asset management services to individuals and
institutions through a unique manager-of-managers approach. A
wealth management business of John Hancock Financial, we managed
$130 billion in assets as of
March 31, 2015, across mutual funds,
college savings plans, and retirement plans.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a
leading Canada-based financial
services group with principal operations in Asia, Canada
and the United States. Operating
as Manulife Financial in Canada
and Asia, and primarily as 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
C$821 billion (US$648 billion) as of March 31, 2015. Manulife Financial Corporation
trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the
SEHK. Manulife Financial can be found on the Internet at
manulife.com.
The John Hancock unit, through its insurance companies,
comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range
of financial products, including life insurance, annuities, fixed
products, mutual funds, 401(k) plans, long-term care insurance,
college savings, and other forms of business insurance. Additional
information about John Hancock may be found at johnhancock.com.
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SOURCE John Hancock Investments