It invests in a portfolio of dividend-paying preferred stocks and common equity securities.
The fund’s portfolio comprises agricultural, banks, broker services, finance, insurance, leasing, media, oil and gas, telecommunications, and utilities sectors.
It qualifies as a regulated investment company and would not be subject to federal income tax on the part of taxable income that is distributed to the shareholders.
John Hancock Advisers, LLC operates as the adviser of the fund.
John Hancock Patriot Premium is based in Boston, Massachusetts.
