John Hancock Closed-End Funds Declare Monthly Dividends

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

  Declaration Date:    March 1, 2007
  Ex Date:             March 8, 2007
  Record Date:         March 12, 2007
  Payable Date:        March 30, 2007


                                                   Annualized    Change from
  Ticker  Fund Name                   Amount        Yield at      Previous
                                                     Market*       Month
  PDF    Patriot Premium Dividend
         Fund I                       $0.0390          5.17%         -

  PDT    Patriot Premium Dividend
         Fund II                      $0.0480          4.90%         -

  DIV    Patriot Select Dividend
         Trust                        $0.0560          4.94%         -

  PGD    Patriot Global Dividend
         Fund                         $0.0590          5.40%         -

  PPF    Patriot Preferred
         Dividend Fund                $0.0720          6.33%         -

  HPI    Preferred Income Fund        $0.1550          7.48%         -

  HPF    Preferred Income Fund II     $0.1550          7.48%         -

  HPS    Preferred Income Fund III    $0.1320          6.95%         -

  HTD    Tax-Advantaged Dividend
         Income Fund                  $0.0967          5.80%         -



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 December 31, 2006, investors entrusted John Hancock Funds with $54.4 billion in assets. Additional information about John Hancock Funds can be found on the website: http://www.jhfunds.com/.

About Manulife Financial and John Hancock

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 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$414 billion (US$355 billion) as at December 31, 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 life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long term care insurance, college savings, and other forms of business insurance.

*Based on February 28, 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:/// http://www.manulife.com/ 

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