John Hancock Preferred Income Fund III Reports Fourth Quarter Earnings
16 July 2004 - 8:14AM
PR Newswire (US)
John Hancock Preferred Income Fund III Reports Fourth Quarter
Earnings BOSTON, July 15 /PRNewswire-FirstCall/ -- John Hancock
Preferred Income Fund III (NYSE:HPS), a closed-end fund managed by
John Hancock Advisers, LLC, reported today that net investment
income was $12,448,898 for the fourth quarter ended May 31, 2004.
As of May 31, 2004, the net asset value per share was $22.49 with
total net assets of $1,049,141,723* and 31,084,744 common shares
outstanding. John Hancock Funds, a premier investment management
company, managed $30.2 billion in open-end funds, closed-end funds,
private accounts and retirement plans for individual and
institutional investors as of March 31, 2004. Additional
information about John Hancock Funds can be found at
http://www.jhfunds.com/. John Hancock Funds is a wholly owned
subsidiary of John Hancock Financial Services, Inc., a subsidiary
of Manulife Financial Corporation. Founded in 1862, John Hancock
Financial Services and its subsidiaries today offer a broad range
of financial products and services, including whole, term,
variable, and universal life insurance, as well as college savings
products, mutual funds, fixed and variable annuities, long-term
care insurance and various forms of business insurance. Manulife
Financial is 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. Pro forma
funds under management by Manulife Financial and its subsidiaries
were Cdn$356 billion (US$272 billion) as at March 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/. * Total net assets
include value of preferred shares DATASOURCE: John Hancock
Preferred Income Fund III CONTACT: Kimberley Dietrich,
+1-617-375-0311, or Investors: +1-800-843- 0090, both of John
Hancock
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