BOSTON, April 8 /PRNewswire-FirstCall/ -- John Hancock Preferred Income
Fund II (NYSE: HPF) declared its monthly dividend today as follows:
Declaration Date: April 8, 2005
Ex Date: April 14, 2005
Record Date: April 18, 2005
Payment Date: May 2, 2005
Dividend Amount: $0.155
This dividend equates to an annualized yield of 8.25 percent, based on the
fund's closing market price as of April 7, 2005.
John Hancock Preferred Income Fund II is a diversified, closed-end fund.
The Fund's primary investment objective is to provide a high level of current
income, consistent with preservation of capital. The Fund's secondary
investment objective is to provide growth of capital to the extent consistent
with its primary investment objective. The Fund invests at least 80% of its
total assets in preferred securities and other fixed income securities which
are rated investment grade.
John Hancock Funds, a premier investment management company, managed $31.3
billion in open-end funds, closed-end funds, private accounts and retirement
plans for individual and institutional investors and related party assets as
of December 31, 2004. Additional information about the company can be found on
the website: http://www.jhfunds.com.
John Hancock Funds is a wholly owned subsidiary of John Hancock Financial
Services, Inc., which 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 most of 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$348 billion (US$289 billion)
as of December 31, 2004. Manulife Financial Corporation trades as 'MFC' on the
TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be
found on the Internet at http://www.manulife.com.
The John Hancock unit, through its insurance companies, comprises one of
the largest life insurers in the United States. John Hancock Financial
Services offers a broad range of financial products and services, including
whole life, term life, variable life, and universal life insurance, as well as
college savings products, fixed and variable annuities, long-term care
insurance, mutual funds and various forms of business insurance.
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