| 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 |
| Item 2. | |
| (a) | Name of person filing:
1607 Capital Partners, LLC
Asset Management Committee of Dominion Energy, Inc. |
| (b) | Address or principal business office or, if none, residence:
13 S. 13th Street, Suite 400, Richmond, Virginia 23219
120 Tredegar St. R4, Richmond, VA 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 |
| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) |  An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
1607 Capital Partners, LLC (1607), an investment adviser, is the beneficial owner of the shares shown based on having sole voting power and sole power to dispose of these shares under all its client investment management agreements (IMAs). The Asset Management Committee of Dominion Energy, Inc. (Dominion) is a client of 1607 Capital Partners, LLC and is the beneficial owner of the shares shown solely due to being able to terminate its IMA with 1607 without cause or condition on less than sixty days written notice. Dominion has no authority under its IMA to either vote or dispose of the shares shown. The calculations in 4(c)(i) and (iii) reflect that under the Dominion IMA, 1607 has sole current authority, and Dominion has no current authority, to vote and dispose of the shares for which Dominion is deemed to have beneficial ownership due to its less than 60 day termination right.
1607 Capital Partners, LLC - 1,160,052
Asset Management Committee of Dominion Energy, Inc. - 889,263 |
| (b) | Percent of class:
1607 Capital Partners, LLC - 9.96%
Asset Management Committee of Dominion Energy, Inc. - 7.64% |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
1607 Capital Partners, LLC - 1,160,052
Asset Management Committee of Dominion Energy, Inc. - 0
|
| | (ii) Shared power to vote or to direct the vote:
1607 Capital Partners, LLC - 0
Asset Management Committee of Dominion Energy, Inc. - 0
|
| | (iii) Sole power to dispose or to direct the disposition of:
1607 Capital Partners, LLC - 1,160,052
Asset Management Committee of Dominion Energy, Inc. - 0
|
| | (iv) Shared power to dispose or to direct the disposition of:
1607 Capital Partners, LLC - 0
Asset Management Committee of Dominion Energy, Inc. - 0
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
With respect to the shares listed for 1607, the 1607 clients who hold such shares in their investment advisory accounts managed by 1607 have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of those shares. With respect to the shares listed for Dominion, no person other than Dominion has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of those shares. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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