JOHN HANCOCK PREFERRED INCOME FUND II

JOHN HANCOCK PREFERRED INCOME FUND II is a closed-ended fixed income mutual fund. The fund is managed by John Hancock Investment Management LLC, with co-management provided by John Hancock Asset Management. It focuses its investments within the fixed income markets of the United States. The fund aims to invest in securities issued by companies operating across a variety of sectors. Its primary investment strategy involves preferred value stocks, convertible preferred securities, and investment-grade fixed-income securities. These fixed-income securities must be rated investment grade or higher by either Moody's or Standard & Poor's. The fund measures its portfolio's performance against two benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. JOHN HANCOCK PREFERRED INCOME FUND II was established on November 29, 2002, and is domiciled in the United States.