JOHN HANCOCK ANNOUNCES PORTFOLIO MANAGER CHANGES FOR JOHN HANCOCK CLOSED-END FUNDS

BOSTON, MA, Oct. 30, 2025 /PRNewswire/ - John Hancock Investment Management LLC (the "Adviser") today announced changes to the portfolio management teams for John Hancock Preferred Income Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Divided Income Fund (NYSE: HTD), and John Hancock Income Securities Trust (NYSE: JHS). Each Fund is advised by the Adviser and subadvised by Manulife Investment Management (US) LLC (the "Subadviser").

Effective October 30, 2025, Caryn E. Rothman, CFA, and Jonas Grazulis, CFA, will no longer serve as portfolio managers to John Hancock Preferred Income Fund, John Hancock Preferred Income Fund II, John Hancock Preferred Income Fund III, John Hancock Premium Dividend Fund and John Hancock Tax-Advantaged Dividend Income Fund. Joseph H. Bozoyan, CFA and James Gearhart, CFA, will continue to serve as portfolio managers to Preferred Income Fund, Preferred Income Fund II, Preferred Income Fund III, John Hancock Premium Dividend Fund and John Hancock Tax-Advantaged Dividend Income Fund.

With respect to John Hancock Income Securities Trust, Howard Greene will no longer serve as a portfolio manager effective December 31, 2027. Jeffrey N. Given, CFA, Pranay Sonalker, CFA, Spencer Godfrey, CFA and Connor Minnaar, CFA will continue to serve as portfolio managers for John Hancock Income Securities Trust.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund's investment objectives, risks, charges, and expenses carefully before investing.

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SOURCE John Hancock Investment Management