John Hancock Patriot Global Dividend Fund Reports Strong Earnings Growth

Strategic Insights -

John Hancock Patriot Global Dividend Fund, a closed-end fund managed by John Hancock Advisers, LLC, announced significant earnings growth for the first quarter ended October 31, 2004. The fund's net investment income of $2,058,510 represented a substantial increase from the comparable period in 2003, which reported net investment income of $1,856,694. As of October 31, 2004, the fund's net asset value per share stood at $13.59, with total net assets of $173,404,986 and 8,344,700 common shares outstanding.

Key Takeaways:

  • The fund's net investment income increased by 11.2% from $1,856,694 in 2003 to $2,058,510 in 2004.
  • As of October 31, 2004, the fund's net asset value per share was $13.59, representing a 6.7% increase from the comparable period in 2003.
  • Total net assets of the fund were $173,404,986 as of October 31, 2004, representing a 4.1% increase from the comparable period in 2003.
  • The fund had 8,344,700 common shares outstanding as of October 31, 2004.
  • John Hancock Funds, the fund's manager, oversaw approximately $29 billion in assets as of September 30, 2004.
  • Manulife Financial Corporation, the parent company of John Hancock Funds, had funds under management of Cdn$346 billion (US$274 billion) as of September 30, 2004.

Statistics:

  • Net investment income: $2,058,510 (2004) vs. $1,856,694 (2003)
  • Net asset value per share: $13.59 (2004) vs. $12.77 (2003)
  • Total net assets: $173,404,986 (2004) vs. $166,598,161 (2003)
  • Common shares outstanding: 8,344,700 (2004)
  • Assets under management by John Hancock Funds: approximately $29 billion (as of September 30, 2004)
  • Funds under management by Manulife Financial Corporation: Cdn$346 billion (US$274 billion) as of September 30, 2004

Sources:

  • John Hancock Funds press release
  • Manulife Financial Corporation website
  • John Hancock Funds website