Phelan Kenneth J 4
4 · JOHN HANCOCK PREFERRED INCOME FUND · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
HPI Director Kenneth Phelan Buys ~614 Shares for $10k
What Happened Kenneth J. Phelan, a director of John Hancock Preferred Income Fund (ticker: HPI), made an open-market purchase of 613.558 shares on January 26, 2026 at a reported price of $16.30 per share, for a total consideration of $10,001. This was a straightforward purchase (transaction code P), which is generally viewed as a direct acquisition rather than a sale.
Key Details
- Transaction date: 2026-01-26 (reported on Form 4 filed 2026-01-27).
- Trade: Open-market purchase (Code P) — 613.558 shares @ $16.30; total reported $10,001.
- Shares owned after transaction: Not reported on this Form 4.
- Footnote: The reported figures are approximate. Due to timing of the fund’s NAV determination, the exact per-share price and resulting share count could not be finalized at filing (Footnote F1).
- Timeliness: Filing appears timely (filed the next day); no late filing indicated.
Context This is a small, straightforward insider purchase (approximately $10k). Purchases by directors can be interpreted as a sign of confidence, but the amount here is modest and the filing notes the numbers are approximate because of NAV timing. No options, awards, gifts, or 10b5-1 plans are indicated in this report.
Insider Transaction Report
- Purchase
Common Shares of Beneficial Interest
[F1]2026-01-26$16.30/sh+613.558$10,001→ 613.558 total
Footnotes (1)
- [F1]This figure is approximate. Due to the timing of the Fund's determination of its net asset value, the price per share, and the number of shares of the Fund that corresponds to, or held as a result of, the purchase cannot be determined at the time of this filing.