JOHN HANCOCK PREFERRED INCOME FUND (HPI)
The John Hancock Preferred Income Fund operates as a closed-end, balanced mutual fund, managed by John Hancock Investment Management LLC, with additional oversight from John Hancock Asset Management. This U.S.-domiciled fund primarily invests in the public equity and fixed-income markets within the United States, seeking opportunities across a diverse range of corporate sectors. Its portfolio predominantly comprises preferred value stocks, convertible preferred securities, and investment-grade fixed-income instruments, which must hold an investment-grade rating or higher from Moody's or Standard & Poor's. The fund measures its performance against two industry benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. It was established on August 27, 2002.
Industry: Asset Management - Income
John Hancock Preferred Income Fund
NYSE:HPIFinancial Services · Asset Management - Income
+0.38%$13.29
AH Close$13.29+0.00%vs close
AH$13.29+0.00%vs close
Mkt Cap$356.07M
Float26.77M
O/S26.79M
Inst Own15.2%
Div Yield11.15%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$52.47M
Net Income$15.82M
Total Assets$665.41M
Free Cash Flow$31.39M
Debt & Equity
Debt 39%
Equity 61%
Total Debt$257.1M
Total Equity$405.89M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HPI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$665.41M
Liabilities$259.53M
Accounts Receivable$5.96M
Accounts Payable$1.3M
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 | $52.47M | $47.37M | $48.14M | -$31.03M | -$34.92M | $101.85M | -$37.95M | $44.74M | $24.89M | $27.73M | $51.08M | $52.24M | $52.75M | $54.65M |
| YoY Growth | 10.8% | -1.6% | -255.1% | -11.1% | -134.3% | -368.4% | -184.8% | 79.7% | -10.2% | -45.7% | -2.2% | -1.0% | -3.5% | - |
| Cost of Revenue | $5.27M | $0 | $0 | $5.24M | $5.87M | $5.87M | $6.08M | $6.41M | $6.41M | $6.53M | $6.53M | $0 | $0 | $0 |
| Gross Profit | $47.2M | $47.37M | $48.14M | -$36.28M | -$40.78M | $95.98M | -$44.03M | $38.32M | $18.48M | $21.2M | $44.55M | $52.24M | $52.75M | $54.65M |
| Gross Margin | 90.0% | 100.0% | 100.0% | 116.9% | 116.8% | 94.2% | 116.0% | 85.7% | 74.2% | 76.5% | 87.2% | 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 | $5.56M | $384K | $435K | $384K | $535K | $457K | $517K | $538K | $653K | $1 | $6.89M | $6.67M | $6.98M |
| Other | $19.51M | $0 | $0 | -$26.34M | $34K | -$37K | -$29K | $25K | $393K | $639K | $25.99M | $0 | $0 | $0 |
| Total Operating Expenses | $19.51M | $5.56M | $534K | $515K | $418K | $498K | $429K | $542K | $931K | $1.29M | $23.24M | $6.8M | $15.19M | $48.48M |
| Operating Income (EBIT) | $27.69M | $41.82M | $42.78M | -$31.55M | -$32.19M | $101.36M | -$38.38M | $44.19M | $30.84M | $30.92M | $44.71M | $45.35M | $46.07M | $47.67M |
| Operating Margin | 52.8% | 88.3% | 88.9% | 101.7% | 92.2% | 99.5% | 101.1% | 98.8% | 123.9% | 111.5% | 87.5% | 86.8% | 87.4% | 87.2% |
| Interest Expense | $11.88M | $0 | $15.86M | $12.88M | $3.15M | $2.05M | $5.6M | $9.1M | $6.88M | $4.48M | $0 | $0 | $0 | $0 |
| Interest Income | $46.36M | -$13.84M | $20.19M | $18.22M | $13.07M | $9.23M | $8.94M | $7.97M | $2.06M | $796K | $3.49M | $4.05M | $3.54M | $1.85M |
| Other Income (Expense) | -$11.88M | -$5.1M | $18.44M | -$26.31M | $5.87M | -$2.05M | $6.08M | $0 | -$22.15M | -$19.97M | $26.72M | $9.65M | $18.32M | -$43.35M |
| Income Before Tax (EBT) | $15.82M | $36.72M | $61.22M | -$31.55M | -$35.33M | $101.36M | -$38.38M | $44.19M | $23.96M | $26.44M | $71.43M | $55M | $64.4M | $4.32M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $30.92M | $0 | $0 | $0 | $0 |
| Net Income | $15.82M | $36.72M | $61.22M | -$31.55M | -$35.33M | $101.36M | -$38.38M | $44.19M | $23.96M | $26.44M | $74.57M | $55M | $64.4M | $4.32M |
| Net Income Margin | 30.1% | 77.5% | 127.2% | 101.7% | 101.2% | 99.5% | 101.1% | 98.8% | 96.3% | 95.3% | 146.0% | 105.3% | 122.1% | 7.9% |
| Supplementary Data | ||||||||||||||
| EPS | 0.59 | 1.37 | 2.30 | -1.19 | -1.35 | 3.86 | -1.47 | 1.70 | 0.93 | 1.01 | 27.13 | 2.12 | 2.48 | 0.17 |
| Diluted EPS | 0.59 | 1.37 | 2.30 | -1.19 | -1.35 | 3.86 | -1.47 | 1.70 | 0.93 | 1.01 | 27.13 | 2.12 | 2.48 | 0.17 |
| Weighted Average OS | 26.81M | 26.77M | 26.62M | 26.51M | 26.26M | 26.26M | 26.19M | 26.07M | 25.76M | 26.00M | 2.75M | 25.98M | 25.98M | 25.98M |
| EBITDA | $27.69M | $41.82M | $42.78M | -$23.91M | -$73.39M | $103.41M | -$77.24M | $44.19M | $46.11M | $46.41M | $44.71M | $45.35M | $46.07M | $0 |
| EBITDA Margin | 52.8% | 88.3% | 88.9% | 77.0% | 210.2% | 101.5% | 203.5% | 98.8% | 185.3% | 167.4% | 87.5% | 86.8% | 87.4% | - |
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 | $209K | $0 | $390K | $233K | $335K | $215K | $0 | $119K | $61K | $64K | $562 | $433 | $126 | $950K |
| Short-Term Investments | $4.13M | $2.24M | $0 | $0 | $0 | $0 | $810K | $0 | $0 | $0 | $0 | $0 | $561K | $688K |
| Cash and Short-Term Investments | $4.33M | $2.24M | $390K | $233K | $335K | $215K | $810K | $119K | $61K | $64K | $562 | $433 | $561K | $1.64M |
| Accounts Receivable | $5.96M | $6.73M | $11.16M | $8.42M | $6.68M | $10.27M | $5.15M | $7.94M | $7.83M | $7.03M | $2.55M | $1.85M | $1.36M | $1.39M |
| Inventory | $0 | $0 | $0 | -$3.41M | -$8.47M | $0 | $0 | $8.47M | $10.68M | $0 | $0 | $0 | -$561K | -$688K |
| Other Current Assets | $101K | -$917K | $2.4M | $3.41M | $8.47M | $15.86M | $2.86M | $1.68M | $1.69M | $2.18M | $4.61M | $11.3M | $8.84M | $2.23M |
| Total Current Assets | $10.4M | $8.05M | $13.95M | $8.65M | $7.02M | $10.49M | $5.15M | $8.06M | $7.89M | $7.09M | $7.15M | $13.15M | $10.77M | $4.57M |
| 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 | $654.98M | $679.18M | $677.66M | $654.8M | $730.65M | $790.18M | $712.41M | $846.77M | $843.77M | $862.84M | $411.35M | $359.29M | $366.59M | $100.75M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $31K | $42K | $199.25M | -$654.8M | -$730.65M | -$790.18M | -$712.41M | -$846.77M | -$843.77M | -$862.84M | $470.9M | $487.03M | $470.48M | $722.42M |
| Total Long-Term Assets | $655.01M | $679.22M | $876.9M | $654.8M | $730.65M | $790.18M | $712.41M | $846.77M | $843.77M | $862.84M | $882.25M | $846.31M | $837.07M | $823.17M |
| Other Assets | $0 | $687.27M | -$201.62M | $883K | $1.18M | $1.14M | $1.32M | $799K | $734K | $736K | $0 | $0 | $0 | $0 |
| Total Assets | $665.41M | $687.27M | $689.24M | $664.34M | $738.84M | $801.81M | $718.88M | $855.63M | $852.4M | $870.67M | $889.41M | $859.47M | $847.84M | $827.74M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.3M | $0 | $600K | $1.3M | $6.38M | $3.83M | $177K | $3.77M | $2.8M | $1.8M | $2.96M | $253K | $0 | $234K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $439K | $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 | -$2.65M | -$7.12M | -$4.19M | -$239K | -$4.72M | -$2.96M | -$1.93M | $310K | $380K | $0 | $61K |
| Total Current Liabilities | $2.29M | $1.14M | $600K | $1.3M | $7.1M | $4.17M | $177K | $4.65M | $2.92M | $1.89M | $3.8M | $658K | $44K | $295K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $257.1M | $257.1M | $257.1M | $257.1M | $257.1M | $250.5M | $235.5M | $292.5M | $292.5M | $292.5M | $292.5M | $293.59M | $293.93M | $294.32M |
| 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 | $2.43M | $138K | $136K | -$257.1M | -$257.1M | -$250.5M | -$235.5M | -$292.5M | -$292.5M | -$292.5M | $107K | $117K | $100K | $103K |
| Total Long-Term Liabilities | $259.53M | $257.24M | $257.24M | $257.1M | $7.1M | $250.5M | $235.5M | $292.5M | $292.5M | $292.5M | $292.61M | $293.7M | $294.03M | $294.42M |
| Other Liabilities | $0 | $257.24M | $1.36M | $159K | $250.26M | $395K | $534K | $247K | $257K | $185K | $0 | $0 | $0 | $0 |
| Total Liabilities | $259.53M | $258.38M | $259.19M | $258.56M | $264.46M | $255.07M | $236.21M | $297.39M | $295.68M | $294.58M | $296.4M | $294.36M | $294.07M | $294.72M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $517.22M | $525.73M | $532.71M | $537.99M | $542.86M | $544.23M | $546.1M | $545.72M | $552.43M | $556.57M | $607.77M | $610.98M | $610.98M | $610.98M |
| Retained Earnings | -$111.33M | -$96.84M | -$102.66M | -$132.21M | -$68.48M | $2.51M | -$63.43M | $12.51M | -$122K | $19.52M | -$14.76M | -$45.87M | -$57.21M | -$77.96M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.41M | $19.52M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $1 | $0 | $0 | -$1 | $0 | $0 | $0 | $4.41M | $0 | $0 | $0 | $0 | -$1 |
| Total Equity | $405.89M | $428.89M | $430.05M | $405.78M | $474.38M | $546.74M | $482.67M | $558.23M | $556.72M | $576.09M | $593M | $565.11M | $553.76M | $533.02M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $665.41M | $687.27M | $689.24M | $664.34M | $738.84M | $801.81M | $718.88M | $855.63M | $852.4M | $870.67M | $889.41M | $859.47M | $847.84M | $827.74M |
| Supplementary Data | ||||||||||||||
| Total Debt | $257.1M | $257.1M | $257.1M | $257.1M | $257.1M | $250.5M | $235.5M | $292.5M | $292.5M | $292.5M | $292.94M | $293.59M | $293.93M | $294.32M |
| Net Debt | $256.89M | $257.1M | $256.71M | $256.87M | $256.77M | $250.28M | $235.5M | $292.38M | $292.44M | $292.44M | $292.94M | $293.58M | $293.93M | $293.37M |
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 | $15.82M | $36.72M | $61.22M | -$31.55M | -$35.33M | $101.36M | -$38.38M | $44.19M | $23.96M | $26.44M | $71.43M | $55M | $64.4M | $4.32M |
| 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 | $923K | $3.19M | -$2.74M | $1.66M | $3.17M | -$5.46M | $2.79M | -$111K | -$891K | -$4.41M | -$687K | -$492K | $29K | $369K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $5K | -$599K | $583K | -$6.47M | $2.49M | $4M | -$3.94M | $1.04M | $1.05M | -$1.14M | $2.74M | $0 | $0 | $0 |
| Other Working Capital | -$146K | -$228K | $905K | -$9M | $3.17M | $4.74M | -$1.13M | $610K | $1.12M | $621K | $1.53M | $486K | -$1.12M | -$31K |
| Total Working Capital Change | $782K | $2.36M | -$1.25M | -$7.35M | $6.34M | -$721K | -$2.28M | $1.54M | $238K | -$5.84M | $3.59M | -$5K | -$1.09M | $338K |
| Other Non-Cash Items | $14.79M | -$1.52M | -$22.85M | $75.84M | $59.54M | -$77.78M | $134.37M | -$3M | $19.13M | $22.82M | -$35.97M | -$11.34M | -$20.6M | $29.67M |
| Net Cash from Operating | $31.39M | $37.56M | $37.11M | $36.94M | $30.55M | $22.86M | $93.71M | $42.74M | $43.33M | $43.41M | $41.1M | $43.65M | $42.7M | $34.33M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$3 | $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 | -$219.96M | -$236.93M | -$216.79M | -$193.92M | -$186.89M | -$224.11M | -$269.06M | -$301.73M | -$218.09M | -$173.98M | -$118.66M | $0 | $0 | $0 |
| Sales of Investments | $229.49M | $242.09M | $224.73M | $195.65M | $159.37M | $221.59M | $337.99M | $312.56M | $205.1M | $180.07M | $121.59M | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$5.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $9.53M | $5.16M | $7.95M | $1.73M | -$27.52M | -$2.52M | $68.93M | $10.83M | -$12.99M | $6.09M | $2.92M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | -$6.6M | -$15M | $57M | - | - | - | - | - | - | - |
| 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 | -$37.87M | -$36.95M | -$37.05M | -$37.03M | -$37.28M | -$37.19M | -$42.68M | -$43.33M | -$43.35M | -$43.53M | -$43.65M | -$43.65M | -$43.63M |
| Other Financing Activities | $2K | -$85K | $0 | $0 | $0 | -$357K | $357K | $0 | $0 | $0 | $0 | $0 | $0 | $10.15M |
| Net Cash from Financing | -$38.82M | -$37.95M | -$36.95M | -$37.05M | -$30.43M | -$22.64M | -$93.83M | -$42.68M | -$43.33M | -$43.35M | -$43.53M | -$43.65M | -$43.65M | -$33.48M |
| Forex Effect | -$1.89M | $0 | $0 | $0 | $0 | $0 | -$68.93M | -$10.83M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $209K | -$390K | $157K | -$102K | $120K | -$2.3M | -$119K | $58K | -$3K | $64K | $129 | $307 | -$949K | $847K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $31.39M | $37.56M | $37.11M | $36.94M | $30.55M | $22.86M | $93.71M | $42.74M | $43.33M | $43.41M | $41.1M | $43.65M | $42.7M | $34.33M |
| Capital Expenditure | -$4 | $4 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $31.39M | $37.56M | $37.11M | $36.94M | $30.55M | $22.86M | $93.71M | $42.74M | $43.33M | $43.41M | $41.1M | $43.65M | $42.7M | $34.33M |
| Cash at Beginning | $0 | $390K | $233K | $335K | $215K | $2.52M | $119K | $61K | $64K | $562 | $433 | $126 | $950K | $102K |
| Cash at End | $209K | $0 | $390K | $233K | $335K | $215K | $0 | $119K | $61K | $64K | $562 | $433 | $126 | $950K |