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

    Declaration Date:   February 1, 2008
    Ex Date:            February 8, 2008
    Record Date:        February 12, 2008
    Payable Date:       February 29, 2008


    Ticker   Fund Name           Amount      Annualized        Rate Change
                                          Yield at Market* From Previous Month

    PDT      Patriot Premium
              Dividend Fund II    $0.0480        5.63%                -
    HPI      Preferred Income
              Fund                $0.1550        8.47%                -
    HPF      Preferred Income
              Fund II             $0.1550        8.47%                -
    HPS      Preferred Income
              Fund III            $0.1320        7.72%                -
    HTD      Tax-Advantaged
              Dividend Income
              Fund                $0.1250        8.42%                -

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 September 30, 2007 . For more information, please visit 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$399 billion (US$400.5 billion) at September 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 www.manulife.com.

*Based on January 31, 2008 closing market price

SOURCE John Hancock Advisers, LLC