John Hancock Income Securities Trust
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Company profile

John Hancock Income Securities Trust (the Fund) is a closed-end management investment company. The Fund's investment objective is to generate a high level of current income consistent with prudent investment risk. The Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities. The Fund invests approximately 20% of its total assets in preferred securities and common stocks. The Fund invests at least 75% of its net assets (plus borrowings for investment purposes) in debt securities that are rated, at the time of acquisition, investment grade. The Fund can invest approximately 25% of its net assets (plus borrowings for investment purposes) in debt securities that are rated, at the time of acquisition, below investment grade (junk bonds). The Fund may also invest in derivatives, such as swaps and reverse repurchase agreements. John Hancock Investment Management LLC serves as investment advisor for the Fund.

Closing Price
$11.14
Day's Change
0.02 (0.18%)
Bid
--
Ask
--
B/A Size
--
Day's High
11.16
Day's Low
11.08
Volume
(Light)
Volume:
5,371

10-day average volume:
19,000
5,371

New Fortress Energy, Apollo to form LNG marine infrastructure platform JV in a deal valued at $2 billion

6:12 am ET July 5, 2022 (MarketWatch)
Print

New Fortress Energy LLC (NFE) announced Tuesday that it will sell 11 liquid natural gas (LNG) infrastructure vessels to a new joint venture formed with Apollo Global Management Inc. (APO) in a deal valued at $2 billion. Apollo will own about 80% of the JV and New Fortress Energy (NFE) will own 20%. As part of the deal, NFE agreed to charter 10 of the 11 vessels for up to 20 years. "Together with Apollo, we are creating a leading LNG marine infrastructure platform to help accelerate the energy transition while freeing up capital to continue to invest into our Fast LNG and downstream LNG projects worldwide," said NFE Chief Executive Wes Edens. NFE and Apollo shares were still inactive in premarket trading. Year to date, NFE's stock has soared 64.1% and Apollo shares have tumbled 32.0%, while the S&P 500 has dropped 19.7%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

July 05, 2022 06:12 ET (10:12 GMT)

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