BOSTON, Aug. 29 /PRNewswire-FirstCall/ -- John Hancock Preferred Income
Fund III (NYSE: HPS), a closed-end fund managed by John Hancock Advisers, LLC,
reported today that net investment income was $14,711,474 for the fourth
quarter ended May 31, 2008. For the comparable period in 2007, net investment
income was $16,009,677.
As of May 31, 2008, the net asset value per share was $19.75 with total
net assets of $913,898,003 and 31,280,764 common shares outstanding.
Comparable figures for May 31, 2007 reflect a net asset value per share of
$23.39, total net assets of $1,081,563,341 and 31,280,764 common shares
outstanding.
John Hancock Funds, the mutual fund business unit of John Hancock
Financial Services, offers a broad array of investment products, including
open-end and closed-end funds, privately managed accounts, 529 plans and
retirement accounts to retail and institutional investors. As of December 31,
2006, investors entrusted John Hancock Funds with $54.4 billion in assets.
Additional information about John Hancock Funds can be found on the website:
http://www.jhfunds.com.
About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial
Services, John Hancock Funds manages more than $54.8 billion in open-end
funds, closed-end funds, private accounts, retirement plans and related party
assets for individual and institutional investors at June 30, 2008. John
Hancock Funds are distributed by John Hancock Funds, LLC, member FINRA. For
more information, please visit http://www.jhfunds.com.
John Hancock Financial Services is a unit of Manulife Financial
Corporation, a leading Canadian-based financial services group serving
millions of customers in 19 countries and territories worldwide. Operating as
Manulife Financial in Canada and Asia, and primarily through John Hancock in
the United States, the company offers clients a diverse range of financial
protection products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$400 billion
(US$393 billion) at June 30, 2008. Manulife Financial Corporation trades as
'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife
Financial may be found on the Internet at http://www.manulife.com.
SOURCE John Hancock Preferred Income Fund III