BOSTON, Aug. 1 /PRNewswire-FirstCall/ -- Four John Hancock closed-end funds declared their monthly dividends today as follows: Declaration Date: August 1, 2008 Ex Date: August 11, 2008 Record Date: August 13, 2008 Payable Date: August 29, 2008 Annualized Rate Change Yield at from Previous Ticker Fund Name Amount Market* Month PDT Patriot Premium Dividend Fund II $0.0480 6.70% - HPI Preferred Income Fund $0.1550 10.72% - HPF Preferred Income Fund II $0.1550 10.67% - HPS Preferred Income Fund III $0.1320 9.84% - About Manulife Financial and John Hancock The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $54.1 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at March 31, 2008. John Hancock Funds are distributed by John Hancock Funds, LLC, member FINRA. For more information, please visit http://www.jhfunds.com/. 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$400 billion (US$389 billion) as of March 31, 2008. 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/. *Based on July 31, 2008 closing market price DATASOURCE: John Hancock Advisers, LLC CONTACT: Kimberley Dietrich, +1-617-663-4217, or Investors, +1-800-843-0090, both of John Hancock Advisers, LLC Web site: http://www.jhfunds.com/ http://www.manulife.com/

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