John Hancock Closed-end Funds Declare Monthly Dividends

BOSTON, Jan. 3  /PRNewswire-FirstCall/ -- Nine John Hancock closed-end funds declared their monthly dividends today as follows:

  Declaration Date:    January 3, 2007
  Ex Date:             January 10, 2007
  Record Date:         January 12, 2007
  Payable Date:        January 31, 2007
                                                    Annualized   Change from
                                                      Yield        Previous
  Ticker        Fund Name                   Amount   at Market       Month
  PDF           Patriot Premium Dividend    $0.0390    5.18%           -
                 Fund I
  PDT           Patriot Premium Dividend    $0.0480    5.02%           -
                 Fund II
  DIV           Patriot Select Dividend     $0.0560    4.92%           -
                 Trust
  PGD           Patriot Global Dividend     $0.0590    5.39%           -
                 Fund
  PPF           Patriot Preferred Dividend  $0.0720    6.56%           -
                 Fund
  HPI           Preferred Income Fund       $0.1550    7.29%           -
  HPF           Preferred Income Fund II    $0.1550    7.32%           -
  HPS           Preferred Income Fund III   $0.1320    7.07%           -
  HTD           Tax-Advantaged Dividend
                 Income Fund                $0.0967    5.71%           -




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 September 30, 2006, investors entrusted John Hancock Funds with $50.7 billion in assets. Additional information about John Hancock Funds can be found on the website: http://www.jhfunds.com/.

About John Hancock and Manulife Financial

John Hancock is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as 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$381 billion (US$341 billion) as at September 30, 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 universal life insurance, variable life, term life and whole life, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds, 401(k) plans and various forms of business insurance.

*Based on December 29, 2006 closing market price 

DATASOURCE: John Hancock Advisers, LLC



CONTACT:  Media, Kimberley Dietrich of John Hancock Advisers, LLC,

[phone], or Investor, [phone]



Web site:  http://www.jhfunds.com/

http://www.manulife.com/ 

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