At the beginning of telophase I, each half of the cell has a
complete haploid set of chromosomes, but each chromosome is still
composed of two sister chromatids. Cytokinesis usually occurs
simultaneously with telophase I, forming two haploid daughter
cells. No chromosome replication occurs between the end of meiosis
I and the beginning of meiosis II, as the chromosomes are already
replicated.
In telophase II, the nuclei form and the chromosomes begin
decondensing. The meiotic division of one parent cell produces four
daughter cells, each with a haploid set of (unreplicated)
chromosomes.