MFDA Hearing Panel issues Reasons for Decision in the matter of Raymond Cheng

MFDA Hearing Panel issues Reasons for Decision in the matter of Raymond Cheng

Canada NewsWire

TORONTO, May 24, 2017 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision (“Reasons for Decision”) in connection with a settlement hearing held in Toronto, Ontario on October 27, 2016 in the matter of Raymond Kok-Leung Cheng (“Respondent”).

In its Reasons for Decision dated May 23, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • has paid a fine in the amount of $5,000;
  • has paid costs in the amount of $2,500; and
  • in the future shall comply with MFDA Rule 2.1.1.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Greater Toronto Area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE Mutual Fund Dealers Association of Canada

View original content: http://www.newswire.ca/en/releases/archive/May2017/24/c3405.html

MFDA Hearing Panel issues Reasons for Decision in the matter of Mark Courneya

MFDA Hearing Panel issues Reasons for Decision in the matter of Mark Courneya

Canada NewsWire

TORONTO, May 24, 2017 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision (“Reasons for Decision”) in connection with a settlement hearing held in Toronto, Ontario on October 27, 2016 in the matter of Mark Andrew Courneya (“Respondent”).

In its Reasons for Decision dated May 23, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • has paid a fine in the amount of $10,000;
  • has paid costs in the amount of $2,500; and
  • in the future shall comply with MFDA Rule 2.1.1.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Ancaster, Ontario area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE Mutual Fund Dealers Association of Canada

View original content: http://www.newswire.ca/en/releases/archive/May2017/24/c2984.html

John Hancock Closed-End Funds Release Earnings Data

John Hancock Closed-End Funds Release Earnings Data

PR Newswire

BOSTON, May 24, 2017 /PRNewswire/ – The eight John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended April 30, 2017. The same data for the comparable three month period ended April 30, 2016 is also available below.


Three Months Ended 4/30/17


Ticker


Fund Name


Current
Fiscal
Year End


Net
Investment
Income


Per 
Common
Share


NAV


Total Managed 
Assets


Total Net
Assets

HPI

Preferred Income Fund

7/31

$10,616,568

$0.408

$21.82

$859,678,614

*

$567,178,614

HPF

Preferred Income Fund II

7/31

$8,600,704

$0.405

$21.55

$696,214,682

*

$458,214,682

HPS

Preferred Income Fund III

7/31

$11,439,759

$0.362

$19.20

$915,844,208

*

$606,344,208

JHS

Income Securities Trust

10/31

$2,526,904

$0.217

$15.39

$270,597,459

*

$179,297,459

JHI

Investors Trust

10/31

$2,883,545

$0.331

$18.59

$248,742,754

*

$161,842,754

PDT

Premium Dividend Fund

10/31

$12,180,386

$0.252

$16.04

$1,158,506,737

*

$774,806,737

HTD

Tax-Advantaged Dividend Income Fund

10/31

$13,433,398

$0.380

$26.15

$1,353,311,130

*

$925,411,130

HTY

Tax-Advantaged Global Shareholder Yield

10/31

$1,381,226

$0.125

$8.82

$97,262,267

$97,262,267


Three Months Ended 4/30/16


Ticker


Fund Name


Current
Fiscal
Year End


Net
Investment
Income


Per
Common
Share


NAV


Total Managed
Assets


Total Net
Assets

HPI

Preferred Income Fund

7/31

$10,683,739

$0.411

$22.14

$867,951,903

*

$575,451,903

HPF

Preferred Income Fund II

7/31

$8,672,178

$0.408

$21.90

$703,297,194

*

$465,297,194

HPS

Preferred Income Fund III

7/31

$11,392,771

$0.361

$19.39

$921,462,749

*

$611,962,749

JHS

Income Securities Trust

10/31

$2,450,776

$0.210

$15.15

$267,689,665

*

$176,389,665

JHI

Investors Trust

10/31

$3,086,531

$0.354

$17.19

$236,648,840

*

$149,748,840

PDT

Premium Dividend Fund

10/31

$11,870,651

$0.246

$16.11

$1,161,304,065

*

$777,604,065

HTD

Tax-Advantaged Dividend Income Fund

10/31

$12,835,796

$0.363

$25.27

$1,322,195,235

*

$894,295,235

HTY

Tax-Advantaged Global Shareholder Yield

10/31

$1,893,937

$0.178

$9.52

$101,482,982

$101,482,982

*Total managed assets include assets attributable to borrowings under the Committed Facility Agreement or Liquidity Agreement, as applicable

 1 Earnings refer to net investment income, which is comprised of the Fund’s interest and dividend income, less expenses. Earnings presented represent past earnings and there is no guarantee of future results.

Amounts distributed by the Funds may vary from the earnings shown above and will be announced in separate press releases. Up-to-date distribution rate information is available on John Hancock Investments’ web site at www.jhinvestments.com  by clicking on “Closed-End Funds” under the “Daily Prices” tab.

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 Investments
John Hancock Investments provides asset management services to individuals and institutions through a unique manager-of-managers approach.  A wealth management business of John Hancock Financial, we managed more than $140 billion in assets as of March 31, 2017 across mutual funds, college savings plans, and retirement plans.

About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the Company 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 C$1 trillion (US$754 billion) as of March 31, 2017. 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 manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, fixed products, mutual funds, 401(k) plans, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-hancock-closed-end-funds-release-earnings-data-300463518.html

SOURCE John Hancock Investments