John Hancock Closed-end Funds Declare Monthly Dividends

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

  Declaration Date:   June 1, 2007
  Ex Date:            June 7, 2007
  Record Date:        June 11, 2007
  Payable Date:       June 29, 2007*



*Payable date for John Hancock Patriot Premium Dividend Fund I will be June 25, 2007.

                                                                  Change
                                                       Annualized from
                                                       Yield at   Previous
  Ticker Fund Name                            Amount   Market**   Month
  PDF    Patriot Premium Dividend Fund I      $0.0390 5.19%         -
  PDT    Patriot Premium Dividend Fund II     $0.0480  5.03%         -
  DIV    Patriot Select Dividend Trust        $0.0560  4.93%         -
  HPI    Preferred Income Fund                $0.1550  7.50%         -
  HPF    Preferred Income Fund II             $0.1550  7.49%         -
  HPS    Preferred Income Fund III            $0.1320  7.00%         -
  HTD    Tax-Advantaged Dividend Income Fund  $0.0967  5.64%         -

  **Based on May 31, 2007 closing market price




The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $56 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at March 31, 2007. For more information, please visit http://www.jhfunds.com/.

About Manulife Financial and John Hancock

John Hancock Financial Services 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$426 billion (US$370 billion) at March 31, 2007. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial may be found on the Internet at http://www.manulife.com/. 

DATASOURCE: John Hancock Advisors, LLC



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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