Form 4: John Hancock Preferred Income Fund Trustee Reports Share Purchase

William K. Bacic, a trustee of John Hancock Preferred Income Fund, reported the acquisition of 610 common shares of beneficial interest on January 14, 2025.

Summary

• On January 14, 2025, William K. Bacic, a trustee of John Hancock Preferred Income Fund [HPI], acquired 610 common shares of beneficial interest at a price of $16.45 per share.
• This transaction was reported on a Form 4 filing with the SEC.
• The filing was signed on January 15, 2025, by Thomas Dee, acting as power of attorney for William K. Bacic.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by an insider, as required by Section 16(a) of the Securities Exchange Act of 1934. It provides transparency regarding the trading activities of individuals with access to non-public information.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across the financial industry.
• The level of detail provided in this filing is consistent with SEC requirements and industry norms.
• Comparable filings can be found for insiders of similar closed-end funds, such as those managed by BlackRock or Nuveen.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence, as it indicates an insider's investment in the fund.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates