Advisory Services Network buys $1,271,117 stake in John Hancock Patriot Premium Div Fund II (PDT)

John Hancock Patriot Premium Div Fund II (PDT) : Advisory Services Network scooped up 54,227 additional shares in John Hancock Patriot Premium Div Fund II during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 79,148 shares of John Hancock Patriot Premium Div Fund II which is valued at $1,271,117.John Hancock Patriot Premium Div Fund II makes up approximately 0.24% of Advisory Services Network’s portfolio.

John Hancock Premium Dividend Fund (the Fund) is a closed-end management investment company. The Fund’s investment objective is to provide a high current income consistent with growth of capital for holders of its common shares. The Fund will pursue its objective by investing in a diversified portfolio comprised primarily of dividend paying preferred securities and common equity securities. Under normal circumstances the Fund will invest at least 80% of its assets in dividend paying securities. The Fund will notify shareholders at least 60 days prior to any change in this 80% investment policy. The Fund invests in industries such as consumer staples food and staples retailing financials real estate investment trusts industrials machinery telecommunication utilities and oil gas and consumable fuels. John Hancock Advisers LLC serves as investment advisor for the Fund.

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