Hancock Debuts Preferred Securities Closed-End Fund

John Hancock Funds has recently announced its eighth closed-end fund and its 12th closed-end fund in total.

The John Hancock Preferred Income Fund III will seek high current income consistent with capital appreciation by investing at least 80% of its total assets in a diversified portfolio of investment-grade preferred and other fixed income securities. The offering period for the fund began last Wednesday and will continue through June 24.