Phelan Kenneth J 4

What Happened
Kenneth J. Phelan, a director of John Hancock Preferred Income Fund III (HPS), made a purchase of 682.662 shares on 2026-01-26 at a reported price of $14.65 per share, for a total transaction value of approximately $10,001. The Form 4 lists the transaction code "P" (purchase) and describes it as an open-market or private purchase.

Key Details

• Transaction date: 2026-01-26; filing date: 2026-01-27 (filed promptly).
• Price reported: $14.65 per share; Shares acquired: 682.662; Total value ≈ $10,001.
• Transaction type/code: P = Purchase (open-market or private purchase).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — the figure is approximate; due to timing of the fund’s NAV determination, the exact per-share price and resulting share count cannot be precisely determined at filing.

Context
This is a purchase by a company director and is generally treated by investors as a mild bullish signal, though the size (~$10k) is relatively small. The filing does not indicate option exercises, gifts, tax withholding, or a 10% ownership status. The footnote on approximation is common for mutual/closed-end fund transactions tied to NAV timing and does not imply wrongdoing.