John Hancock Closed-end Funds Declare Monthly Dividends

John Hancock Closed-end Funds Declare Monthly Dividends 


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

   Declaration Date:   June 1, 2005
   Ex Date:            June 9, 2005
   Record Date:        June 13, 2005
   Payable Date:       June 30, 2005

                                                   Change From    Annualized
  Ticker       Fund Name                    Amount  Prior Month     Yield at
                                                                    Market*
   PDF Patriot Premium Dividend Fund I     $0.0460     -             5.85%
   PDT Patriot Premium Dividend Fund II    $0.0650     -             6.49%
   DIV Patriot Select Dividend Trust       $0.0750     -             6.62%
   PGD Patriot Global Dividend Fund        $0.0690     -             6.49%
   PPF Patriot Preferred Dividend Fund     $0.0720     -             6.36%
   HPI Preferred Income Fund               $0.1550     -             7.98%
   HPF Preferred Income Fund II            $0.1550     -             7.98%
   HTD Tax-Advantaged Dividend Income Fund $0.0967     -             6.57%




John Hancock Preferred Income Fund III is a diversified, closed-end fund. The
Fund's primary investment objective is to provide a high level of current
income, consistent with preservation of capital.  The Fund's secondary
objective is to provide growth of capital to the extent consistent with its
primary investment objective.  The Fund invests at least 80% of its total
assets in preferred securities and other fixed income securities which are
rated investment grade.

John Hancock Funds, a premier investment management company, managed more than
$30.6 billion in open-end funds, closed-end funds, private accounts, retirement
plans and related party assets for individual and institutional investors as of
March 31, 2005. Additional information about the company can be found on the
website: http://www.jhfunds.com/.

John Hancock Funds is a wholly owned subsidiary of John Hancock Financial
Services, Inc., a subsidiary of Manulife Financial Corporation. Founded in
1862, John Hancock Financial Services and its subsidiaries today offer a broad
range of financial products and services, including whole, term, variable, and
universal life insurance, as well as college savings products, mutual funds,
fixed and variable annuities, long-term care insurance and various forms of
business insurance.

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 most of 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$350 billion (US$290 billion) as of March 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 whole life, term life, variable
life, and universal life insurance, as well as college savings products, fixed
and variable annuities, long-term care insurance, mutual funds and various
forms of business insurance.

* Based on May 31, 2005 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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