-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TegEq6qHpX1dzqoLNhqPyvhrnUnxwKDer6gmyy66TYZc8Ji4+n5BInkVjB40alEP r/uMz7yPtlACeIkRnDeGiA== 0001126328-08-000033.txt : 20080215 0001126328-08-000033.hdr.sgml : 20080215 20080214185025 ACCESSION NUMBER: 0001126328-08-000033 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080215 DATE AS OF CHANGE: 20080214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK PREFERRED INCOME FUND III CENTRAL INDEX KEY: 0001215913 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83818 FILM NUMBER: 08620207 BUSINESS ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-663-3000 MAIL ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Spectrum Asset Management, Inc. CENTRAL INDEX KEY: 0001318293 IRS NUMBER: 061209521 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2 HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06905 BUSINESS PHONE: 203-322-0189 MAIL ADDRESS: STREET 1: 2 HIGH RIDGE PARK CITY: STAMFORD STATE: CT ZIP: 06905 SC 13G 1 hancockpreferredincome.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 John Hancock Preferred Income Fund III (Name of Issuer) Common Stock (Title and Class of Securities) 41021P103 (CUSIP Number) December 31, 2006 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 41021P103 Page 2 1 NAMES OF REPORTING PERSONS Spectrum Asset Management, Inc 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut NUMBER OF 5 SOLE VOTING POWER 0 SHARES BENEFICIALLY 6 SHARED VOTING POWER 2,500,400 OWNED BY EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER 2,500,400 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500,400 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.99 12 TYPE OF REPORTING PERSON (See Instructions) IA CUSIP No. 41021P103 Page 3 1 NAMES OF REPORTING PERSONS Principal Financial Group, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF 5 SOLE VOTING POWER 0 SHARES BENEFICIALLY 6 SHARED VOTING POWER 2,500,400 OWNED BY EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER 2,500,400 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,500,400 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.99 12 TYPE OF REPORTING PERSON (See Instructions) HC CUSIP No. 41021P103 Page 4 Item 1(a). Name of Issuer: John Hancock Preferred Income Fund III Item 1(b). Address of Issuer's Principal Executive Offices: 601 Congress Street Boston, MA 02210 Item 2(a). Name of Person Filing: Spectrum Asset Management, Inc. Principal Financial Group, Inc. Item 2(b). Address of Principal Business Office, or, if None, Residence: Spectrum Asset Management, Inc. 2 High Ridge Park Stamford, CT 06905 Principal Financial Group, Inc. 711 High Street Des Moines, IA 50392-0088 Item 2(c). Citizenship: Spectrum Asset Management, Inc. - State of Connecticut Principal Financial Group, Inc. - State of Delaware Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Numbers: 41021P103 Item 3. If this statement is filed pursuant to section 240.13d-1(b) or 240.13d 2(b) or (c), check whether the person filing is a: (a) [X] Broker or dealer registered under section 15 of the Securities Exchange Act of 1934. (e) [X] An investment adviser in accordance with section 240.13d 1(b)(1)(ii)(E) (g) [X] A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G) Item 4. Ownership: (a) Amount Beneficially Owned 2,500,400 Shares Common Stock presently held by Spectrum Asset Management, Inc. 2,500,400 Shares Common Stock presently held by Principal Financial Group, Inc. CUSIP No. 41021P103 Page 5 (b) Percent of Class 7.99 Spectrum Asset Management, Inc. 7.99 Principal Financial Group, Inc. (c) Number of shares as to which the person has: (i) Sole Power to Vote or Direct the Vote 0 Spectrum Asset Management, Inc. 0 Principal Financial Group, Inc. (ii) Shared Power to Vote or Direct the Vote 2,500,400 Shares Common Stock presently held by Spectrum Asset Management, Inc. 2,500,400 Shares Common Stock presently held by Principal Financial Group, Inc. (iii) Sole Power to Dispose or to Direct the Disposition of 0 Spectrum Asset Management, Inc. 0 Principal Financial Group, Inc. (iv) Shared Power to Dispose or to Direct the Disposition of 2,500,400 Shares Common Stock presently held by Spectrum Asset Management, Inc. 2,500,400 Shares Common Stock presently held by Principal Financial Group, Inc. Item 5. Ownership of Five Percent or Less of a Class: [] Item 6. Ownership of More than Five Percent on Behalf of Another Person Persons other than the reporting persons have a right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such securities. The interest of no such person having such an interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company See Exhibit attached CUSIP No. 41021P103 Page 6 Item 8. Identification and Classification of Members of the Group N/A Item 9. Notice of Dissolution of Group N/A Item 10(a). Certification By signing below I certify, to the best of my knowledge and belief, the securities referred to above were not acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Spectrum Asset Management, Inc. By /s/ Mark A. Lieb Mark A. Lieb, Chief Financial Officer Principal Financial Group, Inc. By /s/ Joyce N. Hoffman Joyce N. Hoffman, Senior Vice President and Corporate Secretary Dated February 14, 2008 EXHIBIT 99.1 Spectrum Asset Management, Inc. Item 3 Classification: (a) Broker or dealer registered under section 15 of the Securities Exchange Act of 1934. (e) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Principal Financial Group, Inc. Item 3 Classification: (g) A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G) -----END PRIVACY-ENHANCED MESSAGE-----