John Hancock Closed-end Funds Declare Monthly Dividends

BOSTON, July 2  /PRNewswire-FirstCall/ -- Six John Hancock closed-end funds declared their monthly dividends today as follows:

  Declaration Date:  July 2, 2007
  Ex Date:           July 10, 2007
  Record Date:       July 12, 2007
  Payable Date:      July 31, 2007

                                                   Annualized  Change from
                                                      Yield     Previous
  Ticker  Fund Name                         Amount  at Market*    Month
  PDT     Patriot Premium Dividend Fund II  $0.0480   5.28%         -
  DIV     Patriot Select Dividend Trust     $0.0560   5.15%         -
  HPI     Preferred Income Fund             $0.1550   7.82%         -
  HPF     Preferred Income Fund II          $0.1550   7.82%         -
  HPS     Preferred Income Fund III         $0.1320   7.28%         -
  HTD     Tax-Advantaged Dividend Income
           Fund                             $0.0967   5.94%         -



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/.

*Based on June 30, 2007 closing market price 

DATASOURCE: John Hancock Advisers, LLC



CONTACT:  Kimberley Dietrich [phone] or Investors:

[phone], both of John Hancock 

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