John Hancock Closed-end Funds Declare Monthly Dividends

BOSTON, Sept. 4  /PRNewswire-FirstCall/ -- Six John Hancock closed-end funds declared their monthly dividends today as follows:

  Declaration Date:  September 4, 2007
  Ex Date:           September 12, 2007
  Record Date:       September 14, 2007
  Payable Date:      September 28, 2007

                                                     Annualized  Change from
                                                      Yield at      Previous

  Ticker  Fund Name                    Amount          Market*        Month


  PDT     Patriot Premium Dividend     $0.0480         5.39%            -
          Fund II
  DIV     Patriot Select Dividend      $0.0560         5.31%            -
          Trust
  HPI     Preferred Income Fund        $0.1550         8.14%            -
  HPF     Preferred Income Fund II     $0.1550         8.19%            -
  HPS     Preferred Income Fund        $0.1320         7.95%            -
          III
  HTD     Tax-Advantaged Dividend      $0.0967         6.18%            -
          Income Fund



The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $59 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 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$410 billion (US$386 billion) at June 30, 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 August 31, 2007 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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