Form 4: Director Phelan Buys HPF Shares

Kenneth J. Phelan, a director of John Hancock Preferred Income Fund II, acquired 618.108 common shares at $16.18 each.

Summary

• Kenneth J. Phelan, a Director of John Hancock Preferred Income Fund II (HPF), reported a direct acquisition of common shares.
• The transaction involved the purchase of 618.108 Common Shares of Beneficial Interest.
• The shares were acquired at a price of $16.18 per share.
• The transaction date was January 26, 2026.
• Following this transaction, Kenneth J. Phelan beneficially owns 618.108 shares directly.
• The reported share figure and price are approximate due to the timing of the Fund's net asset value determination.

Sentiment

Score: 6

Explanation: A director's purchase of shares is generally viewed as a positive signal of confidence in the company's future prospects, though the transaction size is relatively small.

Positives

• A director's purchase of shares can signal confidence in the fund's future performance and management.

Future Outlook

No explicit forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

Insider transactions, such as director purchases, are common occurrences in publicly traded companies and closed-end funds. They are often monitored by investors for signals regarding management's confidence in the entity's prospects.

Stakeholder Impact

• Shareholders may interpret the director's purchase as a positive indicator of management's belief in the fund's value and future performance.

Key Dates

Recommendation

The director's purchase of shares indicates confidence in the fund, which is a positive signal for current shareholders. However, the transaction size is not substantial enough to warrant a change in investment thesis or a strong buy recommendation based solely on this filing.

Keywords

John Hancock Preferred Income Fund II, HPF, Kenneth J. Phelan, Insider Trading, Form 4, Director Purchase, Closed-End Fund