M&A: John Hancock Funds II

Form Type: 497

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000119312525001059

Comments: On December 10-12, 2024, the Board of Trustees of John Hancock Funds II met and voted to recommend the shareholders of the Small Cap Value Fund approve a proposed tax-free reorganization of the fund into the John Hancock Small Cap Core Fund. Shareholders of record as of January 30, 2025, will vote on the matter during a meeting set for April 10, 2025. Upon approval, Small Cap Value will transfer its assets in exchange for shares of Small Cap Core, which will assume most of its liabilities. The reorganization is expected to close on or about April 25, 2025. Until then, Small Cap Value remains open to existing shareholder transactions but will not accept new purchases starting January 13, 2025. Dividends will be paid according to the current options, and shareholders are advised to refer to tax reporting documents for any gains. The reorganization details will be further outlined in a forthcoming proxy statement and prospectus, due around February 10, 2025.

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Form Type: 497K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000119312525001061

Comments: On January 3, 2025, John Hancock Funds II announced a proposed reorganization of the Small Cap Value Fund into the John Hancock Small Cap Core Fund. This reorganization, which is anticipated to be tax-free, requires shareholder approval with a meeting scheduled for April 10, 2025. Shareholders of record as of January 30, 2025, will be eligible to vote. The reorganization involves the transfer of all assets from Small Cap Value to Small Cap Core in exchange for shares of the latter, with Small Cap Core assuming most liabilities of Small Cap Value. If approved, the reorganization is set to take place around April 25, 2025, after which Small Cap Value will be terminated. The Small Cap Value Fund will continue operations for existing shareholders until the closing date but will cease to accept new investors from January 13, 2025, except for certain existing accounts. Relevant information will be provided in a proxy statement and prospectus available by February 10, 2025. Additionally, measures are in place to satisfy IRS requirements regarding capital gains distributions for the fund's final taxable year.

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