UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549

                                   FORM N-PX

    ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
                                     COMPANY

 INVESTMENT COMPANY ACT FILE NUMBER:     811-21287

 NAME OF REGISTRANT:                     John Hancock Preferred Income
                                         Fund III



 ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 601 Congress Street
                                         Boston, MA 02210

 NAME AND ADDRESS OF AGENT FOR SERVICE:  Charles Rizzo
                                         601 Congress Street
                                         Boston, MA 02210

 REGISTRANT'S TELEPHONE NUMBER:          617-663-3000

 DATE OF FISCAL YEAR END:                05/31

 DATE OF REPORTING PERIOD:               07/01/2011 - 06/30/2012





                                                                                                  

2X30 John Hancock Funds Preferred Income Fund III
--------------------------------------------------------------------------------------------------------------------------
 AT&T INC.                                                                                   Agenda Number:  933559049
--------------------------------------------------------------------------------------------------------------------------
        Security:  00206R102
    Meeting Type:  Annual
    Meeting Date:  27-Apr-2012
          Ticker:  T
            ISIN:  US00206R1023
--------------------------------------------------------------------------------------------------------------------------

Prop.# Proposal                                                  Proposal      Proposal Vote                  For/Against
                                                                 Type                                         Management

1A.    ELECTION OF DIRECTOR: RANDALL L. STEPHENSON               Mgmt          For                            For

1B.    ELECTION OF DIRECTOR: GILBERT F. AMELIO                   Mgmt          For                            For

1C.    ELECTION OF DIRECTOR: REUBEN V. ANDERSON                  Mgmt          For                            For

1D.    ELECTION OF DIRECTOR: JAMES H. BLANCHARD                  Mgmt          For                            For

1E.    ELECTION OF DIRECTOR: JAIME CHICO PARDO                   Mgmt          For                            For

1F.    ELECTION OF DIRECTOR: JAMES P. KELLY                      Mgmt          For                            For

1G.    ELECTION OF DIRECTOR: JON C. MADONNA                      Mgmt          For                            For

1H.    ELECTION OF DIRECTOR: JOHN B. MCCOY                       Mgmt          For                            For

1I.    ELECTION OF DIRECTOR: JOYCE M. ROCHE                      Mgmt          For                            For

1J.    ELECTION OF DIRECTOR: MATTHEW K. ROSE                     Mgmt          For                            For

1K.    ELECTION OF DIRECTOR: LAURA D'ANDREA TYSON                Mgmt          For                            For

2.     RATIFICATION OF APPOINTMENT OF INDEPENDENT                Mgmt          For                            For
       AUDITORS.

3.     ADVISORY APPROVAL OF EXECUTIVE                            Mgmt          For                            For
       COMPENSATION.

4.     AMEND CERTIFICATE OF INCORPORATION.                       Mgmt          For                            For

5.     POLITICAL CONTRIBUTIONS REPORT.                           Shr           For                            Against

6.     LIMIT WIRELESS NETWORK MANAGEMENT.                        Shr           Against                        For

7.     INDEPENDENT BOARD CHAIRMAN.                               Shr           For                            Against




--------------------------------------------------------------------------------------------------------------------------
 BANK OF AMERICA CORPORATION                                                                 Agenda Number:  933571665
--------------------------------------------------------------------------------------------------------------------------
        Security:  060505559
    Meeting Type:  Annual
    Meeting Date:  09-May-2012
          Ticker:  BMLPRQ
            ISIN:  US0605055591
--------------------------------------------------------------------------------------------------------------------------

Prop.# Proposal                                                  Proposal      Proposal Vote                  For/Against
                                                                 Type                                         Management

1A.    ELECTION OF DIRECTOR: MUKESH D. AMBANI                    Mgmt          For                            For

1B.    ELECTION OF DIRECTOR: SUSAN S. BIES                       Mgmt          For                            For

1C.    ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR.               Mgmt          For                            For

1D.    ELECTION OF DIRECTOR: VIRGIS W. COLBERT                   Mgmt          For                            For

1E.    ELECTION OF DIRECTOR: CHARLES K. GIFFORD                  Mgmt          For                            For

1F.    ELECTION OF DIRECTOR: CHARLES O. HOLLIDAY,                Mgmt          For                            For
       JR.

1G.    ELECTION OF DIRECTOR: MONICA C. LOZANO                    Mgmt          For                            For

1H.    ELECTION OF DIRECTOR: THOMAS J. MAY                       Mgmt          For                            For

1I.    ELECTION OF DIRECTOR: BRIAN T. MOYNIHAN                   Mgmt          For                            For

1J.    ELECTION OF DIRECTOR: DONALD E. POWELL                    Mgmt          For                            For

1K.    ELECTION OF DIRECTOR: CHARLES O. ROSSOTTI                 Mgmt          Against                        Against

1L.    ELECTION OF DIRECTOR: ROBERT W. SCULLY                    Mgmt          For                            For

2.     AN ADVISORY (NON-BINDING) "SAY ON PAY" VOTE               Mgmt          For                            For
       TO APPROVE EXECUTIVE COMPENSATION.

3.     RATIFICATION OF THE APPOINTMENT OF THE                    Mgmt          For                            For
       REGISTERED INDEPENDENT PUBLIC ACCOUNTING
       FIRM FOR 2012.

4.     STOCKHOLDER PROPOSAL - DISCLOSURE OF                      Shr           Against                        For
       GOVERNMENT EMPLOYMENT.

5.     STOCKHOLDER PROPOSAL - GRASSROOTS AND OTHER               Shr           For                            Against
       LOBBYING.

6.     STOCKHOLDER PROPOSAL - EXECUTIVES TO RETAIN               Shr           For                            Against
       SIGNIFICANT STOCK.

7.     STOCKHOLDER PROPOSAL - MORTGAGE SERVICING                 Shr           Against                        For
       OPERATIONS.

8.     STOCKHOLDER PROPOSAL - PROHIBITION ON                     Shr           Against                        For
       POLITICAL SPENDING.




--------------------------------------------------------------------------------------------------------------------------
 ENTERGY CORPORATION                                                                         Agenda Number:  933574825
--------------------------------------------------------------------------------------------------------------------------
        Security:  29364G103
    Meeting Type:  Annual
    Meeting Date:  04-May-2012
          Ticker:  ETR
            ISIN:  US29364G1031
--------------------------------------------------------------------------------------------------------------------------

Prop.# Proposal                                                  Proposal      Proposal Vote                  For/Against
                                                                 Type                                         Management

1A.    ELECTION OF DIRECTOR: M.S. BATEMAN                        Mgmt          For                            For

1B.    ELECTION OF DIRECTOR: G.W. EDWARDS                        Mgmt          For                            For

1C.    ELECTION OF DIRECTOR: A.M. HERMAN                         Mgmt          For                            For

1D.    ELECTION OF DIRECTOR: D.C. HINTZ                          Mgmt          For                            For

1E.    ELECTION OF DIRECTOR: J.W. LEONARD                        Mgmt          For                            For

1F.    ELECTION OF DIRECTOR: S.L. LEVENICK                       Mgmt          For                            For

1G.    ELECTION OF DIRECTOR: B.L. LINCOLN                        Mgmt          For                            For

1H.    ELECTION OF DIRECTOR: S.C. MYERS                          Mgmt          For                            For

1I.    ELECTION OF DIRECTOR: W.A. PERCY, II                      Mgmt          For                            For

1J.    ELECTION OF DIRECTOR: W.J. TAUZIN                         Mgmt          For                            For

1K.    ELECTION OF DIRECTOR: S.V. WILKINSON                      Mgmt          For                            For

2.     RATIFICATION OF SELECTION OF DELOITTE &                   Mgmt          For                            For
       TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC
       ACCOUNTANTS FOR 2012.

3.     ADVISORY VOTE TO APPROVE NAMED EXECUTIVE                  Mgmt          For                            For
       OFFICER COMPENSATION.




--------------------------------------------------------------------------------------------------------------------------
 UIL HOLDINGS CORPORATION                                                                    Agenda Number:  933582062
--------------------------------------------------------------------------------------------------------------------------
        Security:  902748102
    Meeting Type:  Annual
    Meeting Date:  15-May-2012
          Ticker:  UIL
            ISIN:  US9027481020
--------------------------------------------------------------------------------------------------------------------------

Prop.# Proposal                                                  Proposal      Proposal Vote                  For/Against
                                                                 Type                                         Management

1.     DIRECTOR
       THELMA R. ALBRIGHT                                        Mgmt          For                            For
       ARNOLD L. CHASE                                           Mgmt          For                            For
       BETSY HENLEY-COHN                                         Mgmt          For                            For
       SUEDEEN G. KELLY                                          Mgmt          For                            For
       JOHN L. LAHEY                                             Mgmt          For                            For
       DANIEL J. MIGLIO                                          Mgmt          For                            For
       WILLIAM F. MURDY                                          Mgmt          For                            For
       DONALD R. SHASSIAN                                        Mgmt          For                            For
       JAMES P. TORGERSON                                        Mgmt          For                            For

2.     RATIFICATION OF THE SELECTION OF                          Mgmt          For                            For
       PRICEWATERHOUSECOOPERS LLP AS UIL HOLDINGS
       CORPORATION'S INDEPENDENT REGISTERED PUBLIC
       ACCOUNTING FIRM FOR 2012.

3.     NON-BINDING ADVISORY VOTE TO APPROVE THE                  Mgmt          For                            For
       COMPENSATION OF THE NAMED EXECUTIVE
       OFFICERS.




--------------------------------------------------------------------------------------------------------------------------
 WACHOVIA PREFERRED FUNDING CORP.                                                            Agenda Number:  933603361
--------------------------------------------------------------------------------------------------------------------------
        Security:  92977V206
    Meeting Type:  Annual
    Meeting Date:  08-May-2012
          Ticker:  WNAPR
            ISIN:  US92977V2060
--------------------------------------------------------------------------------------------------------------------------

Prop.# Proposal                                                  Proposal      Proposal Vote                  For/Against
                                                                 Type                                         Management

1.     DIRECTOR
       JAMES E. ALWARD                                           Mgmt          For                            For
       HOWARD T. HOOVER                                          Mgmt          For                            For
       CHARLES F. JONES                                          Mgmt          For                            For
       MICHAEL J. LOUGHLIN                                       Mgmt          For                            For



* Management position unknown





SIGNATURES

Pursuant to the requirements of 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.

(Registrant)         John Hancock Preferred Income Fund III
By (Signature)       /s/ Keith F. Hartstein
Name                 Keith F. Hartstein
Title                President
Date                 08/24/2012