John Hancock Income Securities Trust Reports Net Investment Income and Net Asset Value for Second Quarter

Strategic Insights -

John Hancock Income Securities Trust, a closed-end fund managed by John Hancock Advisers, LLC, has reported significant financial results for the second quarter ended June 30, 2004. The trust's net investment income for the period was $3,610,164, a notable increase from the comparable period in 2003, which reported net investment income of $2,316,925. This significant growth is reflected in the trust's net asset value per share, which increased to $15.76 as of June 30, 2004, from $17.07 in the same period of 2003. The total net assets of the trust also experienced substantial growth, reaching $263,602,420, up from $187,561,274 in the comparable period of 2003. This growth can be attributed to the trust's consistent performance and the trust's board of directors' commitment to delivering strong returns to shareholders.

Key Takeaways:

  • The John Hancock Income Securities Trust reported a notable increase in net investment income for the second quarter ended June 30, 2004, reaching $3,610,164, up from $2,316,925 in 2003.
  • The trust's net asset value per share increased to $15.76 as of June 30, 2004, compared to $17.07 in the same period of 2003.
  • Total net assets of the trust grew significantly, reaching $263,602,420, up from $187,561,274 in the comparable period of 2003.
  • John Hancock Funds, a premier investment management company, managed $30.2 billion in open-end funds, closed-end funds, private accounts, and retirement plans for individual and institutional investors as of March 31, 2004.
  • John Hancock Funds is a highly respected investment management company that offers a broad range of financial products and services.
  • Manulife Financial Corporation, the parent company of John Hancock, has a significant presence in the financial services industry, with pro forma funds under management of Cdn$356 billion (US$272 billion) as of March 31, 2004.

Statistics:

  • Net investment income for the second quarter ended June 30, 2004: $3,610,164
  • Net investment income for the comparable period in 2003: $2,316,925
  • Net asset value per share as of June 30, 2004: $15.76
  • Net asset value per share as of June 30, 2003: $17.07
  • Total net assets as of June 30, 2004: $263,602,420
  • Total net assets as of June 30, 2003: $187,561,274
  • Total assets under management by John Hancock Funds as of March 31, 2004: $30.2 billion

Sources:

  • John Hancock Income Securities Trust press release
  • John Hancock Funds website (http://www.jhfunds.com)
  • Manulife Financial Corporation website (http://www.manulife.com)