Business Description
This U.S.-based closed-end fund, launched in 2004 and run by John Hancock Investment Management LLC alongside John Hancock Asset Management and Analytic Investors LLC, focuses on dividend-paying common and preferred stocks that qualify for lower long-term capital gains tax rates. It targets companies across a range of sizes and sectors, with a particular emphasis on utilities, and measures its results against a blended index drawing from both preferred stock and utilities benchmarks.
