1607 Capital Partners Trims JHS Stake to 5.9%

TL;DR

**1607 Capital Partners cut its stake in John Hancock Income Securities Trust to 5.9%.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in John Hancock Income Securities Trust (JHS). As of December 31, 2023, 1607 Capital Partners, LLC beneficially owned 944,758 shares, representing 5.9% of the closed-end mutual fund. This filing indicates a slight decrease from their previous reported ownership, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment for JHS.

Why It Matters

This filing shows that a significant institutional investor, 1607 Capital Partners, LLC, has adjusted its position in John Hancock Income Securities Trust, which can influence other investors' perceptions of the fund's value and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.

Analyst Insight

An investor should note this change in institutional ownership as part of their broader due diligence on John Hancock Income Securities Trust. While not a definitive buy/sell signal, it's a data point to consider alongside the fund's performance, management, and overall market conditions.

Key Numbers

• 944,758 — Shares Beneficially Owned (This is the total number of shares of John Hancock Income Securities Trust held by 1607 Capital Partners, LLC as of December 31, 2023.)
• 5.9% — Percentage of Class Owned (This represents the proportion of John Hancock Income Securities Trust's outstanding shares owned by 1607 Capital Partners, LLC.)
• December 31, 2023 — Event Date (This is the specific date when the ownership percentage was determined, triggering the need for this filing.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and institutional investor
• John Hancock Income Securities Trust (company) — the issuer of the securities
• Delaware (company) — place of organization for 1607 Capital Partners, LLC
• 944,758 (dollar_amount) — number of shares beneficially owned by 1607 Capital Partners, LLC
• 5.9% (dollar_amount) — percentage of class beneficially owned by 1607 Capital Partners, LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in John Hancock Income Securities Trust following 1607 Capital Partners' reduced stake. (John Hancock Income Securities Trust) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• jhs-123123a5.htm (SC 13G/A) — 51KB
• 0001172661-24-000566.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer John Hancock Income Securities Trust (b)Address of Issuer’s Principal Executive Offices 200 Berkeley Street Boston, MA 02116

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Closed End Mutual Fund (e) CUSIP No.: 410123103 CUSIP No. 410123103 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 410123103 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 944,758 (b) Percent of class: 8.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 944,758 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 944,758 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the rep

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