This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

John Hancock Closed-End Funds Announce Retirement Of Board Trustee


BOSTON, Jan. 3, 2012 /PRNewswire/ -- John Hancock Closed-End Funds announced that Charles L. Ladner, an independent Trustee of the Funds, retired from the Boards of Trustees of the Funds on December 31, 2011.  Effective with Mr. Ladner's retirement, each Fund's Board of Trustees consists of ten members.  In addition, effective January 1, 2012 until December 31, 2012, Dr. John A. Moore, an independent Trustee of the Funds, serves as Vice Chairman of the Board of Trustees of each Fund.

John Hancock Closed-End Funds are: John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO); John Hancock Hedged Equity & Income Fund (NYSE: HEQ); John Hancock Income Securities Trust (NYSE: JHS); John Hancock Investors Trust (NYSE: JHI); 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 Dividend Income Fund (NYSE: HTD); and John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY).

Commenting on Mr. Ladner's retirement, Keith F. Hartstein, President and Chief Executive Officer of the Funds, said: "Chuck has provided outstanding knowledge and insights to the Board during his tenure as a Trustee of the Funds. His expertise and leadership have greatly benefited shareholders of the John Hancock Funds. We extend our congratulations on his exceptional service and wish him all the best in the future."

Mr. Ladner served as an independent Trustee of various Funds since 1992.  Mr. Ladner has been retained to serve as a consultant to each Fund's Board.  Mr. Pruchansky, the Chair of the Funds, said "The Funds greatly benefited from Chuck's dedication and expertise, and we are delighted to be able to access his knowledge for another year."

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs