John Hancock Closed-End Funds Declare Monthly Dividends

BOSTON, March 1  /PRNewswire-FirstCall/ -- Nine John Hancock closed-end funds declared their monthly dividends today as follows:

  Declaration Date:         March 1, 2006
  Ex Date:                  March 9, 2006
  Record Date:              March 13, 2006
  Payment Date:             March 31, 2006


                                                              Annualized
  Ticker               Fund Name                  Amount   Yield at Market*
  PDF       Patriot Premium Dividend Fund I      $0.0460        6.38%
  PDT       Patriot Premium Dividend Fund II     $0.0570        5.82%
  DIV       Patriot Select Dividend Trust        $0.0660        6.16%
  PGD       Patriot Global Dividend Fund         $0.0690        6.65%
  PPF       Patriot Preferred Dividend Fund      $0.0720        6.43%
  HPI       Preferred Income Fund                $0.1550        8.03%
  HPF       Preferred Income Fund II             $0.1550        8.09%
  HPS       Preferred Income Fund III            $0.1320        7.55%
  HTD       Tax-Advantaged Dividend Income Fund  $0.0967        6.56%




John Hancock Funds, the mutual fund business unit of John Hancock Financial Services, offers a broad array of investment products, including open-end and closed-end funds, privately managed accounts, 529 plans and retirement accounts to retail and institutional investors.  As of December 31, 2005, investors entrusted John Hancock Funds with more than $43.8 billion. Additional information about John Hancock Funds can be found on the website: http://www.jhfunds.com/.

About Manulife Financial and John Hancock

John Hancock 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 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$372 billion (US$319 billion) as at December 31, 2005.  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 offers a broad range of financial products and services, including universal life insurance, variable life, term life and whole life, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds, 401(k) plans and various forms of business insurance.

* Based on February 28, 2006 closing market price. 

DATASOURCE: John Hancock



CONTACT:  Kimberley Dietrich, [phone] or Investors:

[phone], both of John Hancock

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