John Hancock Closed-end Funds Declare Monthly Dividends and Capital Gain Distributions

BOSTON, Dec. 1  /PRNewswire-FirstCall/ -- Nine John Hancock closed-end funds declared their monthly dividends and capital gain distributions today as follows:

  Declaration Date: December 1, 2006
  Ex Date:          December 7, 2006
  Record Date:      December 11, 2006
  Payable Date:     December 29, 2006

                                               Change
                                 Annualized     from   Short-Term  Long-Term
                                  Yield at    Previous  Capital     Capital
  Ticker  Fund Name    Dividend   Market*       Month     Gain        Gain

  PDF     Patriot       $0.0390    5.20 %         -         -         -
          Premium
          Dividend
          Fund I

  PDT     Patriot       $0.0480    5.07 %         -         -         -
          Premium
          Dividend
          Fund II

  DIV     Patriot       $0.0560    5.01 %         -         -         -
          Select
          Dividend
          Trust

  PGD     Patriot       $0.0590    5.45 %         -         -         -
          Global
          Dividend
          Fund

  PPF     Patriot       $0.0720    6.38 %         -         -         -
          Preferred
          Dividend
          Fund

  HPI     Preferred     $0.1550    7.34 %         -     $0.10281  $0.10878
          Income
          Fund

  HPF     Preferred     $0.1550    7.32 %         -     $0.39096  $0.04294
          Income
          Fund II

  HPS     Preferred     $0.1320    7.04 %         -     $0.00000  $0.07170
          Income
          Fund III

  HTD     Tax-          $0.0967    5.82 %         -     $0.15753  $0.37456
          Advantaged
          Dividend
          Income
          Fund



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 September 30, 2006, investors entrusted John Hancock Funds with $50.7 billion in assets. Additional information about John Hancock Funds can be found on the website: http://www.jhfunds.com/.

About John Hancock and Manulife Financial

John Hancock is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as 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$381 billion (US$341 billion) as at September 30, 2006.  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 November 30, 2006 closing market price 

DATASOURCE: John Hancock Funds



CONTACT:  Kimberley Dietrich, [phone] or Investors:

[phone], both of John Hancock



Web site:  http://www.jhfunds.com/

http://www.manulife.com/ 

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