BOSTON, Feb. 15, 2022 /PRNewswire/ - John Hancock
Investment Management LLC (the "Adviser") today announced changes
to the portfolio management teams for John Hancock Preferred Income
Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE:
HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John
Hancock Premium Dividend Fund (NYSE: PDT), John Hancock
Tax-Advantaged Divided Fund (NYSE: HTD), John Hancock Income
Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE:
JHI), John Hancock Mortgage-Backed Securities ETF (NYSE Arca:
JHMB), and John Hancock Preferred Income ETF (NYSE Arca: JHPI).
Each Fund is advised by the Adviser and subadvised by Manulife
Investment Management (US) LLC (the "Subadviser").
Effective March 31, 2022,
Caryn E. Rothman, CFA, will be added
as a portfolio manager to John Hancock Preferred Income Fund, John
Hancock Preferred Income Fund II, and John Hancock Preferred Income
Fund III, John Hancock Premium Dividend Fund, John Hancock
Tax-Advantaged Dividend Income Fund, John Hancock Investors Trust,
and John Hancock Preferred Income ETF. Ms. Rothman is being named
as head of the global credit team and has been with the Subadviser
since 1996.
As part of these changes, effective March
31, 2022, Bradley L. Lutz,
CFA is joining the global multi-sector team at the Subadviser.
Consequently, effective December 31,
2022, Mr. Lutz will be removed as a portfolio manager to
John Hancock Preferred Income Fund, John Hancock Preferred Income
Fund II, and John Hancock Preferred Income Fund III, John Hancock
Premium Dividend Fund, John Hancock Tax-Advantaged Dividend Income
Fund, and John Hancock Preferred Income ETF. Together with the
addition of Ms. Rothman, Joseph H.
Bozoyan, CFA, will continue to serve as a portfolio manager
to the Funds.
Effective March 31, 2022,
Connor Minnaar, CFA, will be added
as a portfolio manager to John Hancock Income Securities Trust and
John Hancock Mortgage-Backed Securities ETF. Mr. Minnaar previously
served as a securitized analyst on the securitized assets research
team and has been with the Subadviser since 2006.
Effective March 31, 2022,
Jeffrey N. Given, CFA, and
John F. Addeo, CFA will be removed
as portfolio managers to John Hancock Investors Trust. Together
with the addition of Ms. Rothman, Dennis F.
McCafferty, CFA, will continue to serve as a portfolio
manager to the Fund.
The Subadviser believes these updates to its fixed-income
investment teams will strengthen its global organization for today
and for the years ahead. "We're excited to make these announcements
to the global fixed-income franchise, a more than 150-person-deep
bench of talented investment professionals who practice a
team-based approach to portfolio management," said Christopher P. Conkey, CFA, head of public
markets, Manulife Investment Management. "We're confident that the
teams' investment philosophies and collaborative processes will
remain unchanged and will continue to help our clients reach their
investment goals."
Statements in this press release that are not historical
facts are forward-looking statements as defined by the United States securities laws. You should
exercise caution in interpreting and relying on forward-looking
statements because they are subject to uncertainties and other
factors which are, in some cases, beyond the Fund's control and
could cause actual results to differ materially from those set
forth in the forward-looking statements.
An investor should consider a Fund's investment objectives,
risks, charges and expenses carefully before investing.
Investing involves risks, including the potential loss of
principal.
John Hancock Investment Management LLC is the investment
advisor for the closed-end funds.
John Hancock Mortgage-Backed Securities ETF and John Hancock
Preferred Income ETF are distributed by Foreside Fund Services, LLC
in the United States, and are
subadvised by Manulife Investment Management (US) LLC in all
markets. Foreside is not affiliated with John Hancock Investment
Management Distributors LLC or Manulife Investment Management (US)
LLC.
© 2022 John Hancock Investment Management. All rights
reserved.
About John Hancock Investment Management
A company of
Manulife Investment Management, we serve investors through a
unique multimanager approach, complementing our extensive
in-house capabilities with an unrivaled network of specialized
asset managers, backed by some of the most rigorous investment
oversight in the industry. The result is a diverse lineup of
time-tested investments from a premier asset manager with a
heritage of financial stewardship.
About Manulife Investment
Management
Manulife Investment Management is the global
brand for the global wealth and asset management segment of
Manulife Financial Corporation. We draw on more than a century
of financial stewardship and the full resources of our parent
company to serve individuals, institutions, and retirement plan
members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 18 geographies. We complement these capabilities by
providing access to a network of unaffiliated asset managers from
around the world. We're committed to investing responsibly across
our businesses. We develop innovative global frameworks for
sustainable investing, collaboratively engage with companies in our
securities portfolios, and maintain a high standard of stewardship
where we own and operate assets, and we believe in supporting
financial well-being through our workplace retirement plans. Today,
plan sponsors around the world rely on our retirement plan
administration and investment expertise to help their employees
plan for, save for, and live a better retirement. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
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SOURCE John Hancock Investment Management