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Posted by
Two Blokes Jun 27 -
Filed in
Stock
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John Hancock Preferred Income Fund II offers a high 9.4% yield and monthly payouts, appealing for income-focused investors but with limited capital appreciation potential. The fund's price is sensitive to interest rates and currently trades near fair value, making accumulation attractive if rate cuts occur. HPF's aggressive leverage and inconsistent earnings history raise concerns about dividend sustainability and long-term NAV growth.
