Form 4: John Hancock Preferred Income Fund Director Acquires Shares
SEC Form 4 Filing
Director Thomas Rowe Wright purchased 726 common shares of John Hancock Preferred Income Fund at $15.1625 per share on April 8, 2025.
Summary
- On April 8, 2025, Thomas Rowe Wright, a director of John Hancock Preferred Income Fund, acquired 726 common shares of beneficial interest in the company.
- The shares were purchased at a price of $15.1625 per share.
- Following the transaction, Wright directly owns 726 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The purchase of shares by a director could be perceived positively by shareholders, as it signals confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| July 29 2024 | Date of execution of the Limited Power of Attorney for John Hancock Closed-End Funds Common Shares Section 16(a) Filings. |
| 04/08/2025 | Date of transaction: Purchase of 726 common shares at $15.1625. |
| 04/09/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, share acquisition, director, HPI, John Hancock Preferred Income Fund, Thomas Rowe Wright
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