Four John Hancock Closed-End Funds Announce New Credit Facility Provider
BOSTON, Aug. 15, 2012 /PRNewswire/ -- John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), and John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) (each the "Fund" and collectively, the "Funds"), closed-end funds that utilize debt leverage, today announced a new credit facility provider.
Effective August 15, 2012, each Fund has entered into a new credit facility agreement with Credit Suisse Securities (USA) LLC, a subsidiary of Credit Suisse AG. The new credit facility agreement replaces the credit facility agreement with the previous credit facility provider.
Credit Suisse is a world-leading financial services company with core business in Private Banking, Investment Banking, and Asset Management. It has a presence in 50 countries and more than 48,000 employees.
Additional information about the Funds or their use of leverage can be found in the respective Fund's annual and semi-annual shareholder reports, which are available on the Funds' website at www.jhfunds.com. Information about the new credit facility agreement will be available in the Funds' next annual shareholder reports.
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.
About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $73.8 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2012.
About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$514 billion (US$504 billion) at June 30, 2012.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.
SOURCE John Hancock Funds