Form 4: John Hancock Preferred Income Fund Trustee Noni L. Ellison Acquires Shares

Noni L. Ellison, a trustee of the John Hancock Preferred Income Fund, purchased 670 common shares of beneficial interest at $16.78 per share on December 23, 2024.

Summary

• Noni L. Ellison, a trustee of the John Hancock Preferred Income Fund, acquired 670 common shares of beneficial interest.
• The transaction occurred on December 23, 2024.
• The purchase price was $16.78 per share.
• Following the transaction, Ms. Ellison directly owns 1,473 common shares of beneficial interest.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction by a trustee, which is neither significantly positive nor negative. The purchase could be seen as a slightly positive signal.

Positives

• The purchase indicates a potential positive sentiment from a trustee regarding the fund's value.

Industry Context

This is a routine disclosure of a transaction by a fund trustee, which is common in the investment management industry.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting transactions by company insiders, including trustees of investment funds.
• The transaction is relatively small in scale, which is typical for individual trustee purchases.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the trustee's purchase.

Key Dates

Keywords

John Hancock Preferred Income Fund, HPI, Noni L. Ellison, Trustee, Share Purchase, Beneficial Ownership, SEC Form 4