JOHN HANCOCK PREFERRED INCOME FUND II (HPF)
Operating as a closed-end mutual fund focused on fixed-income assets, the John Hancock Preferred Income Fund II is overseen by John Hancock Investment Management LLC, with additional stewardship provided by John Hancock Asset Management. Its investment strategy is exclusively concentrated on U.S. fixed-income markets. The fund aims to allocate capital across a diverse array of companies spanning various industries. Its primary holdings include preferred value equities and convertible preferred instruments. Furthermore, it targets debt securities that carry an investment-grade rating or higher from either Moody's or Standard & Poor's. Performance is evaluated against two key benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. The fund commenced operations on November 29, 2002, and is legally based in the United States.
Industry: Asset Management - Income
John Hancock Preferred Income Fund II
NYSE:HPFFinancial Services · Asset Management - Income
+0.70%$12.89
AH Close$12.89+0.00%vs close
AH$12.89+0.00%vs close
Mkt Cap$279.08M
Float21.62M
O/S21.65M
Inst Own12.6%
SI0.1%
Div Yield11.50%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$42.52M
Net Income$13.02M
Total Assets$533.84M
Free Cash Flow$25.35M
Debt & Equity
Debt 39%
Equity 61%
Total Debt$206.7M
Total Equity$325.17M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HPF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$533.84M
Liabilities$208.67M
Accounts Receivable$4.76M
Accounts Payable$1.05M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Revenue | $42.52M | $38.24M | $38.97M | -$24.5M | -$26.3M | $84.15M | -$30.76M | $35.57M | $20.2M | $22.16M | $42.07M | $42.55M | $42.5M | $44.26M |
| YoY Growth | 11.2% | -1.9% | -259.0% | -6.8% | -131.3% | -373.6% | -186.5% | 76.1% | -8.8% | -47.3% | -1.1% | 0.1% | -4.0% | - |
| Cost of Revenue | $4.24M | $4.29M | $12.75M | $4.24M | $4.74M | $4.75M | $4.93M | $5.2M | $5.35M | $5.47M | $5.45M | $0 | $0 | $0 |
| Gross Profit | $38.28M | $38.24M | $38.97M | -$28.74M | -$31.04M | $79.39M | -$35.69M | $30.37M | $14.85M | $16.69M | $36.61M | $42.55M | $42.5M | $44.26M |
| Gross Margin | 90.0% | 100.0% | 100.0% | 117.3% | 118.0% | 94.4% | 116.0% | 85.4% | 73.5% | 75.3% | 87.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$2 | -$1 | $2 | -$1 | $1 | $0 | $0 | $1 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $4.5M | $338K | $383K | $352K | $460K | $419K | $452K | $472K | $546K | $1 | $5.66M | $5.48M | $5.74M |
| Other | $15.71M | $0 | $0 | -$21.55M | $31K | -$25K | -$17K | $25K | $324K | $533K | $21.25M | $0 | $0 | $0 |
| Total Operating Expenses | $15.71M | $4.5M | $470K | $458K | $383K | $435K | $402K | $477K | $795K | $1.08M | $17.56M | $3.02M | $14.09M | $39.79M |
| Operating Income (EBIT) | $22.57M | $33.74M | $34.63M | -$24.96M | -$24.14M | $83.71M | -$31.16M | $35.09M | $25M | $24.73M | $36.41M | $36.89M | $37.02M | $38.53M |
| Operating Margin | 53.1% | 88.2% | 88.9% | 101.9% | 91.8% | 99.5% | 101.3% | 98.7% | 123.8% | 111.6% | 86.6% | 86.7% | 87.1% | 87.0% |
| Interest Expense | $9.55M | $0 | $12.75M | $10.36M | $2.54M | $1.67M | $4.56M | $7.4M | $5.6M | $3.65M | $0 | $0 | $0 | $0 |
| Interest Income | $37.46M | -$10.23M | $16.32M | $14.69M | $10.48M | $7.39M | $7.1M | $6.55M | $2.2M | $1.12M | $2.85M | $3.31M | $2.89M | $1.5M |
| Other Income (Expense) | -$9.55M | -$4.34M | $14.89M | -$20.72M | $4.74M | $52.24M | $4.93M | -$875K | -$18.02M | -$16.58M | $20.44M | $5.37M | $16.68M | -$35.55M |
| Income Before Tax (EBT) | $13.02M | $29.4M | $49.52M | -$24.96M | -$26.68M | $83.71M | -$31.16M | $35.09M | $19.4M | $21.08M | $56.86M | $42.26M | $53.7M | $2.98M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28.56M | -$161K | $37.66M | -$37.79M | $0 | $0 | $0 |
| Net Income | $13.02M | $29.4M | $49.52M | -$24.96M | -$26.68M | $83.71M | -$31.16M | $35.09M | $19.4M | $21.08M | $59.41M | $42.26M | $53.7M | $2.98M |
| Net Income Margin | 30.6% | 76.9% | 127.1% | 101.9% | 101.5% | 99.5% | 101.3% | 98.7% | 96.1% | 95.1% | 141.2% | 99.3% | 126.3% | 6.7% |
| Supplementary Data | ||||||||||||||
| EPS | 0.60 | 1.36 | 2.30 | -1.16 | -1.25 | 3.91 | -1.46 | 1.65 | 0.92 | 0.99 | 22.21 | 1.99 | 2.53 | 0.14 |
| Diluted EPS | 0.60 | 1.36 | 2.30 | -1.16 | -1.25 | 3.91 | -1.46 | 1.65 | 0.92 | 0.99 | 22.21 | 1.99 | 2.53 | 0.14 |
| Weighted Average OS | 21.68M | 21.62M | 21.53M | 21.50M | 21.35M | 21.40M | 21.37M | 21.33M | 21.09M | 21.27M | 2.68M | 21.25M | 21.25M | 21.25M |
| EBITDA | $22.57M | $33.74M | $0 | -$18.84M | -$55.57M | $31.47M | -$62.69M | $35.97M | $37.42M | $37.66M | $36.41M | $44.36M | $55.78M | $0 |
| EBITDA Margin | 53.1% | 88.2% | - | 76.9% | 211.3% | 37.4% | 203.8% | 101.1% | 185.3% | 170.0% | 86.6% | 104.3% | 131.2% | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $167K | $0 | $240K | $0 | $195K | $102K | $0 | $91K | $52K | $50K | $336 | $380 | $260K | $778K |
| Short-Term Investments | $1.14M | $44K | $0 | $4.73M | $0 | $0 | $1.62M | $0 | $0 | $0 | $0 | $0 | $462K | $567K |
| Cash and Short-Term Investments | $1.31M | $44K | $240K | $4.73M | $195K | $102K | $1.62M | $91K | $52K | $50K | $336 | $380 | $722K | $1.35M |
| Accounts Receivable | $4.76M | $5.33M | $9.1M | $9.26M | $5.16M | $7.73M | $3.73M | $6.28M | $6M | $5.64M | $1.86M | $1.43M | $995K | $1.07M |
| Inventory | $0 | $0 | $0 | -$7.47M | $0 | -$12.65M | $0 | $0 | $9.3M | $0 | $0 | $0 | -$462K | -$567K |
| Other Current Assets | $121K | $1.06M | $1.93M | $2.75M | $6.53M | $12.65M | $3.29M | $1.4M | $1.46M | $1.64M | $3.92M | $4.1M | $6.15M | $1.79M |
| Total Current Assets | $6.19M | $6.44M | $11.27M | $9.26M | $5.35M | $8.19M | $3.73M | $6.38M | $6.05M | $5.74M | $5.78M | $5.53M | $7.86M | $3.64M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $527.61M | $48.73M | $211.23M | $526.75M | $588.47M | $638.33M | $575.86M | $684.75M | $683.54M | $698.79M | $331.05M | $302.46M | $306.63M | $473.06M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $30K | $496.12M | $332.72M | -$526.75M | -$588.47M | -$638.33M | -$575.86M | -$684.75M | -$683.54M | -$698.79M | $384.23M | $390.14M | $376.93M | $197.18M |
| Total Long-Term Assets | $527.64M | $544.85M | $543.94M | $526.75M | $588.47M | $638.33M | $575.86M | $684.75M | $683.54M | $698.79M | $715.28M | $692.61M | $683.56M | $670.24M |
| Other Assets | $0 | $551.28M | -$1.93M | $722K | $926K | $930K | $1.07M | $658K | $593K | $598K | $0 | $0 | $0 | $0 |
| Total Assets | $533.84M | $551.28M | $553.28M | $536.73M | $594.74M | $647.45M | $580.65M | $691.78M | $690.18M | $705.13M | $721.06M | $698.14M | $691.43M | $673.88M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.05M | $0 | $482K | $1.04M | $5.21M | $3.25M | $145K | $3.15M | $2.29M | $1.29M | $2.38M | $125K | $0 | $117K |
| Short-Term Debt | $0 | $297K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $362K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | -$3.64M | -$5.72M | -$3.4M | -$336K | -$3.83M | -$2.36M | -$1.37M | $252K | $309K | $0 | $49K |
| Total Current Liabilities | $1.84M | $1.21M | $482K | $1.04M | $5.71M | $3.39M | $145K | $3.77M | $2.33M | $1.34M | $3.06M | $454K | $34K | $166K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $206.7M | $206.7M | $206.7M | $206.7M | $206.7M | $204M | $193M | $238M | $238M | $238M | $238M | $238.89M | $239.18M | $239.5M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.97M | $128K | $125K | -$206.7M | -$206.7M | -$204M | -$193M | -$238M | -$238M | -$238M | $103K | $106K | $92K | $95K |
| Total Long-Term Liabilities | $208.67M | $206.83M | $206.83M | $206.7M | $5.71M | $204M | $193M | $238M | $238M | $238M | $238.1M | $239M | $239.27M | $239.59M |
| Other Liabilities | $0 | $208.04M | $1.09M | $2.71M | $201.22M | $335K | $302K | $214K | $224K | $163K | $0 | $0 | $0 | $0 |
| Total Liabilities | $208.67M | $208.04M | $208.4M | $210.46M | $212.64M | $207.72M | $193.45M | $241.98M | $240.55M | $239.51M | $241.16M | $239.45M | $239.3M | $239.76M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $613K | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $416.83M | $423.33M | $429.48M | $434.71M | $439.49M | $441.5M | $443.79M | $445.24M | $450.33M | $451.8M | $493.23M | $496.34M | $497.59M | $497.59M |
| Retained Earnings | -$91.67M | -$80.09M | -$84.6M | -$108.43M | -$57.39M | -$1.78M | -$56.59M | $4.56M | -$90K | $13.82M | -$13.34M | -$37.66M | -$45.47M | -$63.47M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$613K | $13.82M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$613K | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $325.17M | $343.24M | $344.88M | $326.27M | $382.1M | $439.72M | $387.21M | $449.79M | $449.63M | $465.62M | $479.9M | $458.68M | $452.12M | $434.12M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $533.84M | $551.28M | $553.28M | $536.73M | $594.74M | $647.45M | $580.65M | $691.78M | $690.18M | $705.13M | $721.06M | $698.14M | $691.43M | $673.88M |
| Supplementary Data | ||||||||||||||
| Total Debt | $206.7M | $206.7M | $206.7M | $206.7M | $206.7M | $204M | $193M | $238M | $238M | $238M | $238.36M | $238.89M | $239.18M | $239.5M |
| Net Debt | $206.53M | $206.7M | $206.46M | $206.7M | $206.5M | $203.9M | $193M | $237.91M | $237.95M | $237.95M | $238.36M | $238.89M | $238.92M | $238.72M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Operating Activities | ||||||||||||||
| Net Income | $13.02M | $29.4M | $49.52M | -$24.96M | -$26.68M | $83.71M | -$31.16M | $35.09M | $19.4M | $21.08M | $56.86M | $42.26M | $53.7M | $2.98M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $667K | $1.91M | $164K | -$1.37M | $2.59M | -$4.64M | $2.55M | -$282K | -$326K | -$3.78M | -$435K | -$434K | $76K | $745K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $419K | $75K | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $4K | -$481K | $468K | -$5.2M | $1.96M | $3.25M | -$3.19M | $883K | $1.02M | -$1.37M | -$57K | $0 | $0 | $0 |
| Other Working Capital | -$119K | $690K | $735K | -$7.28M | $2.56M | $3.84M | -$894K | $483K | $44K | $535K | $2.41M | $3K | -$707K | $8K |
| Total Working Capital Change | $551K | $2.6M | $1.37M | -$8.65M | $5.15M | -$803K | -$1.11M | $1.16M | $690K | -$5.09M | $1.92M | -$431K | -$631K | $754K |
| Other Non-Cash Items | $11.78M | -$1.42M | -$17.17M | $61.72M | $49.86M | -$62.47M | $108.47M | -$1.28M | $15.3M | $19.41M | -$24.45M | -$6.39M | -$17.89M | $23M |
| Net Cash from Operating | $25.35M | $30.58M | $33.72M | $28.11M | $28.33M | $20.44M | $76.2M | $34.97M | $35.4M | $35.41M | $33.84M | $35.44M | $35.18M | $26.73M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$174.48M | -$188.38M | -$175.69M | -$159.46M | -$149.88M | -$179.72M | -$212.32M | -$235.52M | -$171.7M | -$146.03M | -$93.92M | $0 | $0 | $0 |
| Sales of Investments | $181.79M | $192.27M | $180.02M | $163.92M | $130.63M | $178.46M | $269.25M | $243.46M | $162.58M | $149.76M | $102.38M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$3.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $7.32M | $3.89M | $4.34M | $4.46M | -$19.24M | -$1.26M | $56.93M | $7.94M | -$9.12M | $3.74M | $8.46M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | -$2.7M | -$11M | $45M | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$31.04M | -$30.91M | -$30.87M | -$30.93M | -$31.2M | -$31.43M | -$34.93M | -$35.39M | -$35.36M | -$35.64M | -$35.7M | -$35.7M | -$35.68M |
| Other Financing Activities | -$306K | -$77K | -$2.57M | $2.57M | $0 | -$141K | $141K | $0 | $0 | $0 | $0 | $0 | $0 | $7.61M |
| Net Cash from Financing | -$31.4M | -$30.82M | -$33.48M | -$28.3M | -$28.23M | -$20.34M | -$76.29M | -$34.93M | -$35.39M | -$35.36M | -$35.64M | -$35.7M | -$35.7M | -$28.07M |
| Forex Effect | -$1.1M | $0 | $0 | $0 | $0 | $0 | -$56.93M | -$7.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $167K | -$240K | $240K | $4.26M | $94K | -$1.16M | -$91K | $39K | $2K | $50K | -$44 | -$260K | -$518K | -$1.34M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $25.35M | $30.58M | $33.72M | $28.11M | $28.33M | $20.44M | $76.2M | $34.97M | $35.4M | $35.41M | $33.84M | $35.44M | $35.18M | $26.73M |
| Capital Expenditure | $0 | $0 | $2 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $25.35M | $30.58M | $33.72M | $28.11M | $28.33M | $20.44M | $76.2M | $34.97M | $35.4M | $35.41M | $33.84M | $35.44M | $35.18M | $26.73M |
| Cash at Beginning | $0 | $240K | $0 | $195K | $102K | $1.26M | $91K | $52K | $50K | $336 | $380 | $260K | $778K | $2.12M |
| Cash at End | $167K | $0 | $240K | $4.46M | $195K | $102K | $0 | $91K | $52K | $50K | $336 | $380 | $260K | $778K |