John Hancock Preferredome Fund II (John Hancock Preferredome Fund II) Effective Interest Rate on Debt % : 6.20% (As of Jan. 2024)

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What is John Hancock Preferredome Fund II Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. John Hancock Preferredome Fund II's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $12.82 Mil. John Hancock Preferredome Fund II's average total debt for the quarter that ended in Jan. 2024 was $206.70 Mil. Therefore, John Hancock Preferredome Fund II's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 6.20%.

John Hancock Preferredome Fund II Effective Interest Rate on Debt % Historical Data

The historical data trend for John Hancock Preferredome Fund II's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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John Hancock Preferredome Fund II Effective Interest Rate on Debt % Chart

John Hancock Preferredome Fund II Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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3.11

2.12

0.84

1.24

5.01

John Hancock Preferredome Fund II Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									0.81	1.66	4.37	5.66	6.20

Competitive Comparison of John Hancock Preferredome Fund II's Effective Interest Rate on Debt %

For the Asset Management subindustry, John Hancock Preferredome Fund II's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

John Hancock Preferredome Fund II's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund II's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where John Hancock Preferredome Fund II's Effective Interest Rate on Debt % falls into.

John Hancock Preferredome Fund II Effective Interest Rate on Debt % Calculation

John Hancock Preferredome Fund II's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -10.358	/	( (206.7	+	206.7)	/ 2 )
=	-1 * -10.358	/	206.7
=	5.01 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.7	+	0
=	206.7

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.7	+	0
=	206.7

John Hancock Preferredome Fund II's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -12.822	/	( (206.7	+	206.7)	/ 2 )
=	-1 * -12.822	/	206.7
=	6.20 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.7	+	0
=	206.7

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.7	+	0
=	206.7

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

John Hancock Preferredome Fund II (NYSE:HPF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

John Hancock Preferredome Fund II Effective Interest Rate on Debt % Related Terms

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John Hancock Preferredome Fund II (John Hancock Preferredome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » John Hancock Preferred Income Fund II (NYSE:HPF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Berkeley Street, Boston, MA, USA, 02116

Website

https://www.jhinvestments.com

John Hancock Preferred Income Fund II is the United States based closed-end, diversified management investment company. Its primary objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The fund's principal investment strategies include to invests a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, capital preferred securities and short-term investments.

Executives

Dean Garfield	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Noni L Ellison	director	TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Andy Mcfetridge	officer: Director of the Adviser	200 BERKELEY STREET, BOSTON MA 02116
Kristie Feinberg	officer: President & CEO of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
York Lo	officer: Vice President, Investments	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Kathryn Hayes	other: Filer and Employee of the Fund	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Patricia Lizarraga	director	C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116
Paul Lorentz	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Arthur Pigott	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Glen J Gibbons	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Frances G Rathke	other: Trustee of the Fund	C/O GREEN MOUNTAIN COFFEE ROASTERS, INC., 33 COFFEE LANE, WATERBURY VT 05676
Brian Macphee	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 164 CORPORATE DRIVE, PORTSMOUTH NH 03801
Steven R Pruchansky	other: Trustee, the Fund	C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Sean Speer	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 197 CLARENDON STREET, BOSTON MA 02116
Michael Tassinari	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116