UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-05908
John Hancock Patriot Premium Dividend Fund II
(Exact name of registrant as specified in charter)
601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Alfred E. Ouellette, Senior Attorney & Assistant Secretary
601 Congress Street
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-663-4324
Date of fiscal year end: October 31
Date of reporting period: July 31, 2005
ITEM 1. SCHEDULE OF INVESTMENTS
JOHN HANCOCK
Patriot Premium Dividend Fund II
7.31.2005
Quarterly Portfolio Holdings
[A 2" x 1" John Hancock (Signature)/John Hancock Funds logo in lower,
center middle of page. A tag line below reads "JOHN HANCOCK FUNDS."]
John Hancock
Patriot Premium Dividend Fund II
Securities owned by the Fund on
July 31, 2005 (unaudited)
Issuer Shares Value
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Common stocks 37.15% $107,347,762
(Cost $89,476,185)
Electric Utilities 2.11% 6,101,785
Cinergy Corp. 50,000 2,207,500
Great Plains Energy, Inc. 10,750 348,945
Progress Energy, Inc. 79,000 3,524,190
Progress Energy, Inc. (Contingent Value Obligation) (B)(I) 176,250 21,150
Gas Utilities 1.97% 5,670,342
Atmos Energy Corp. 12,700 370,332
National Fuel Gas Co. 74,700 2,270,880
Peoples Energy Corp. 70,200 3,029,130
Integrated Telecommunication Services 1.34% 3,871,657
SBC Communications, Inc. 102,350 2,502,457
Verizon Communications, Inc. 40,000 1,369,200
Multi-Utilities & Unregulated Power 31.73% 91,703,978
Alliant Energy Corp. 182,900 5,322,390
Ameren Corp. 80,000 4,449,600
CH Energy Group, Inc. 198,800 9,771,020
Consolidated Edison, Inc. 78,000 3,756,480
Dominion Resources, Inc. 79,700 5,886,642
DTE Energy Co. 193,500 9,094,500
Duke Energy Corp. 90,000 2,658,600
Energy East Corp. 320,000 8,918,400
KeySpan Corp. 205,700 8,369,933
NiSource, Inc. 133,550 3,243,929
NSTAR 276,000 8,371,080
OGE Energy Corp. 137,632 4,181,260
Public Service Enterprise Group, Inc. 16,000 1,028,800
Sierra Pacific Resources (I) 341,000 4,426,180
TECO Energy, Inc. 196,750 3,730,380
Vectren Corp. 30,000 869,400
WPS Resources Corp. 55,400 3,199,904
Xcel Energy, Inc. 228,000 4,425,480
Credit
Issuer, description rating (A) Shares Value
---------------------------------------------------------------------------------------------------------------------------------
Preferred stocks 62.44% $180,522,332
(Cost $172,968,994)
Agricultural Products 1.31% 3,791,672
Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) BB+ 44,250 3,791,672
Broadcasting & Cable TV 0.39% 1,125,663
Shaw Communications, Inc., 8.50% (Canada) B+ 44,300 1,125,663
Consumer Finance 1.78% 5,143,720
SLM Corp., 6.97%, Ser A BBB+ 92,000 5,143,720
Diversified Banks 2.61% 7,541,180
Bank of America Corp., 6.75%, Depositary Shares, Ser VI A 76,700 4,095,780
Royal Bank of Scotland Group Plc, 5.75%, Ser L (United Kingdom) A 140,000 3,445,400
Electric Utilities 20.79% 60,105,720
Alabama Power Co., 5.20% BBB+ 249,475 6,211,927
Boston Edison Co., 4.78% BBB+ 67,342 6,151,692
Carolina Power & Light Co., $4.20 Baa3 41,151 3,320,371
Carolina Power & Light Co., $5.44 BB+ 10,607 975,844
Delmarva Power & Light Co., 3.70% BBB- 13,109 998,742
Duquesne Light Co., 6.50% BB+ 107,000 5,612,150
Entergy Mississippi, Inc., 6.25% BB+ 133,000 3,358,250
Georgia Power Co., 6.00%, Ser R A 34,900 885,064
Interstate Power & Light Co., 7.10%, Ser C BBB- 76,500 2,115,707
Interstate Power & Light Co., 8.375%, Ser B BBB- 25,000 850,000
Monongahela Power Co., $6.28, Ser D B 24,931 2,419,865
Monongahela Power Co., $7.73, Ser L B 55,500 5,550,000
PPL Electric Utilities Corp., 4.40% BBB 29,140 2,309,345
PSI Energy, Inc., 6.875% BBB- 29,310 3,057,912
Sierra Pacific Power Co., 7.80%, Ser 1 (Class A) CCC+ 200,986 5,074,896
Virginia Electric & Power Co., $4.80 BBB- 6,338 615,182
Virginia Electric & Power Co., $6.98 BBB- 35,000 3,659,688
Virginia Electric & Power Co., $7.05 BBB- 10,000 1,046,250
Wisconsin Public Service Corp., 6.76% A- 35,883 3,719,499
Xcel Energy, Inc., $4.08, Ser B BB+ 8,610 699,563
Xcel Energy, Inc., $4.11, Ser D BB+ 8,770 703,793
Xcel Energy, Inc., $4.16, Ser E BB+ 9,390 769,980
Gas Utilities 1.92% 5,537,200
Southern Union Co., 7.55% BB+ 203,200 5,537,200
Integrated Oil & Gas 1.43% 4,126,650
Coastal Finance I, 8.375% CCC 165,000 4,126,650
Integrated Telecommunication Services 0.00% 5,000
Touch America Holdings, Inc., $6.875 (H)(I) D 50,000 5,000
Investment Banking & Brokerage 7.20% 20,818,985
Bear Stearns Cos., Inc. (The), 5.49%, Depositary Shares, Ser G BBB 50,650 2,532,500
Bear Stearns Cos., Inc. (The), 5.72%, Depositary Shares, Ser F BBB 95,300 4,874,595
Bear Stearns Cos., Inc. (The), 6.15%, Depositary Shares, Ser E BBB 84,000 4,284,000
Lehman Brothers Holdings, Inc., 5.67%, Depositary Shares, Ser D BBB+ 124,800 6,464,640
Lehman Brothers Holdings, Inc., 5.94%, Depositary Shares, Ser C BBB+ 53,000 2,663,250
Life & Health Insurance 1.84% 5,304,600
MetLife, Inc., 6.50%, Ser B BBB 210,000 5,304,600
Multi-Utilities & Unregulated Power 9.91% 28,655,292
Baltimore Gas & Electric Co., 6.70%, Ser 1993 BBB- 20,250 2,106,000
Baltimore Gas & Electric Co., 6.99%, Ser 1995 Baa1 30,000 3,136,875
BGE Capital Trust II, 6.20% BBB- 191,000 4,901,060
Energy East Capital Trust I, 8.25% BBB- 180,700 4,656,639
Public Service Electric & Gas Co., 4.18%, Ser B BB+ 13,657 1,119,874
Public Service Electric & Gas Co., 6.92% BB+ 47,998 5,008,294
SEMPRA Energy, $4.36 BBB+ 19,250 1,568,875
SEMPRA Energy, $4.75, Ser 53 BBB+ 6,305 539,078
South Carolina Electric & Gas Co., 6.52% Baa1 55,000 5,618,597
Oil & Gas Exploration & Production 5.97% 17,267,675
Anadarko Petroleum Corp., 5.46%, Depositary Shares, Ser B BBB- 47,700 4,682,056
Apache Corp., 5.68%, Depositary Shares, Ser B BBB 51,500 5,227,250
Devon Energy Corp., 6.49%, Ser A BB+ 50,645 5,259,169
Nexen, Inc., 7.35% (Canada) BB+ 80,000 2,099,200
Other Diversified Financial Services 5.10% 14,748,750
Citigroup, Inc., 6.213%, Depositary Shares, Ser G A 96,000 5,059,200
Citigroup, Inc., 6.231%, Depositary Shares, Ser H A 56,400 3,003,300
Citigroup, Inc., 6.365%, Depositary Shares, Ser F A 28,500 1,496,250
JPMorgan Chase & Co., 6.625%, Depositary Shares, Ser H A- 100,000 5,190,000
Regional Banks 1.71% 4,953,225
HSBC USA, Inc., $2.8575 A1 93,900 4,953,225
Trucking 0.48% 1,397,000
AMERCO, 8.50%, Ser A CCC+ 55,000 1,397,000
Interest Par value
Issuer, description, maturity date rate (%) ($000) Value
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Short-term investments 0.41% $1,181,000
(Cost $1,181,000)
Commercial Paper 0.41% 1,181,000
Chevron Texaco Co., 08-01-05 3.150 1,181 1,181,000
Total investments 100.00% $289,051,094
John Hancock
Patriot Premium Dividend Fund II
Footnotes to Schedule of Investments
July 31, 2005 (unaudited)
(A) Credit ratings are unaudited and are rated by Moody's Investors
Service where Standard & Poor's ratings are not available.
(B) This security is fair valued in good faith under procedures
established by the Board of Trustees.
(H) Non-income-producing issuer filed for protection under the Federal
Bankruptcy Code or is in default of interest payment.
(I) Non-income-producing security.
(S) This security is exempt from registration under Rule 144A of the
Securities Act of 1933. Such security may be resold, normally to
qualified institutional buyers, in transactions exempt from
registration. Rule 144A securities amounted to $3,791,672 or 1.31% of
the Fund's total investments as of July 31, 2005.
Parenthetical disclosure of a foreign country in the security
description represents country of a foreign issuer.
The percentage shown for each investment category is the total value
of that category as a percentage of the total investments of the Fund.
The cost of investments owned on July 31, 2005, including short-term
investments, was $263,626,179. Gross unrealized appreciation and
depreciation of investments aggregated $34,609,862 and $9,184,947,
respectively, resulting in net unrealized appreciation of $25,424,915.
For more information
Trustees
Ronald R. Dion, Chairman
James R. Boyle+
James F. Carlin
Richard P. Chapman, Jr.*
William H. Cunningham
Charles L. Ladner*
Dr. John A. Moore*
Patti McGill Peterson*
Steven R. Pruchansky
+Non-Independent Trustee
*Members of the Audit Committee
Officers
Keith F. Hartstein
President and Chief Executive Officer
William H. King
Vice President and Treasurer
Francis V. Knox, Jr.
Vice President and Chief Compliance Officer
John G. Vrysen
Executive Vice President and
Chief Financial Officer
Investment Adviser
John Hancock Advisers, LLC
601 Congress Street
Boston, Massachusetts 02210-2805
Custodian
The Bank of New York
One Wall Street
New York, New York 10286
Transfer Agent and Dividend Disburser
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, New Jersey 07660
Transfer Agent for DARTS
Deutsche Bank Trust Company Americas
280 Park Avenue
New York, New York 10017
Legal Counsel
Wilmer Cutler Pickering Hale and Dorr LLP
60 State Street
Boston, Massachusetts 02109-1803
Stock Symbol
Listed New York Stock Exchange: PDT
How to contact us
Internet www.jhfunds.com
Mail Regular mail:
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, NJ 07660
Phone Customer service representatives 1-800-852-0218
Portfolio commentary 1-800-344-7054
24-hour automated information 1-800-843-0090
TDD line 1-800-231-5469
This report is for the information of the shareholders
of John Hancock Patriot Premium Dividend Fund II.
P20Q3 7/05
9/05
ITEM 2. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and
procedures as conducted within 90 days of the filing date of this Form N-Q,
the registrant's principal executive officer and principal accounting
officer have concluded that those disclosure controls and procedures
provide reasonable assurance that the material information required to be
disclosed by the registrant on this report is recorded, processed,
summarized and reported within the time periods specified in the Securities
and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over
financial reporting that occurred during the registrant's last fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
Separate certifications for the registrant's principal executive officer
and principal accounting officer, as required by Rule 30a-2(a) under the
Investment Company Act of 1940, are attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Patriot Premium Dividend Fund II
By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer
Date: September 30, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on
the dates indicated.
By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer
Date: September 30, 2005
By: /s/ John G. Vrysen
-------------------------------------
John G. Vrysen
Executive Vice President and Chief Financial Officer
Date: September 30, 2005