Phelan Kenneth J 4

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.