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Preferred Income Fund III (HPS)

Preferred Income III Management Team

The Fund is managed by a team of portfolio managers at John Hancock Asset Management, the Fund's subadviser, under the supervision of John Hancock Advisers, LLC. The Fund's management team includes Gregory Phelps and Mark Maloney.

Gregory Phelps

Gregory Phelps
Biography

Gregory K. Phelps is a senior managing director and senior portfolio manager at John Hancock Asset Management. Prior to joining the firm, Mr. Phelps was a vice president and portfolio manager at Spectrum Asset Management. Previously, he was a supervisor of stock transfer at U.S. Surgical Corp. and director of corporate relations at the American Stock Exchange.

Education

B.A. Clark University
M.B.A. University of Connecticut

Experience

Joined team in 2003
Joined subadviser in 2005
Joined adviser in 1995
Began business career in 1981

Mark Maloney

Mark Maloney
Biography

Mark T. Maloney is a managing director and portfolio manager at John Hancock Asset Management. Mark has held several positions in investment operations and financial reporting before joining the investment staff in 1997. Prior to joining the firm, Mark spent seven years at John Hancock Mutual Life Insurance Company.

Education

B.S. Northeastern University

Experience

Joined team in 2003
Joined subadviser in 2005
Joined adviser in 1982
Began business career in 1976

What You Should Know

The Fund’s monthly distributions may be from net investment income, capital gains or return of capital. The distribution rate and income amounts reflect past amounts distributed and may not be indicative of future rates or income amounts. Distribution rates and income amounts can change at any time.

Closed-end fund shares are not redeemable, but instead are traded in the secondary market on an exchange such as the New York Stock Exchange or the NASDAQ. They frequently trade at a discount to net asset value. Specialized funds may carry additional risks.

Getting Started

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Why John Hancock Mutual Funds

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