BOSTON, Dec. 12 /PRNewswire-FirstCall/ -- John Hancock Preferred Income
Fund II (NYSE: HPF), a closed-end fund managed by John Hancock Advisers, LLC,
reported today that net investment income was $8,042,674 for the first quarter
ended October 31, 2008. For the comparable period in 2007, net investment
income was $12,222,953.
As of October 31, 2008, the net asset value per share was $13.34 with
total net assets of $418,212,193* and 21,125,906 common shares outstanding.
Comparable figures for October 31, 2007 reflect a net asset value per share of
$22.68, total net assets of $733,131,047** and 21,125,906 common shares
outstanding.
About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial
Services, John Hancock Funds manages more than $47.9 billion in open-end
funds, closed-end funds, private accounts, retirement plans and related party
assets for individual and institutional investors at September 30, 2008. John
Hancock Funds are distributed by John Hancock Funds, LLC, member FINRA | SIPC.
For more information, please visit http://www.jhfunds.com .
John Hancock Financial Services is a unit of Manulife Financial
Corporation, a leading Canadian-based financial services group serving
millions of customers in 19 countries and territories worldwide. Operating as
Manulife Financial in Canada and Asia, and primarily through John Hancock in
the United States, the company offers clients a diverse range of financial
protection products and wealth management services through its extensive
network of employees, agents and distribution partners. Funds under management
by Manulife Financial and its subsidiaries were Cdn$385 billion (US$364
billion) at September 30, 2008. Manulife Financial Corporation trades as 'MFC'
on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial may
be found on the Internet at http://www.manulife.com .
* Includes value of bank line of credit
** Includes value of auction preferred shares
SOURCE John Hancock Preferred Income Fund II