John Hancock trust to sell shares; targets high-yield corporate debt

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - John Hancock Investors Trust said it intends to sell up to 500,000 common shares from time to time via dealer UBS Securities LLC.

The diversified, closed-end management investment company seeks to generate income with capital appreciation as a secondary objective. It invests in a diversified portfolio of debt securities issued by U.S. and non-U.S. corporations, with an emphasis on corporate debt securities that pay interest on a fixed or contingent basis and that may possess equity features such as conversion or exchange rights, warrants or participations based on revenues, sales or profits.

The fund may invest up to 70% of its total assets in debt securities rated below investment grade.

Barry H. Evans, Jeffrey N. Given and John F. Iles comprise the investment management team.

As of Feb. 22, the last reported sale price for the common shares (NYSE: JHI) was $23.82.

Shareholder fees include a 1% sales load. Including management fees of 1.55%, total annual expenses are 1.55%.

Boston-based John Hancock Advisers, LLC is the investment adviser.

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