John Hancock Closed-End Funds Declare Monthly Distributions

BOSTON, Sept. 2 /PRNewswire-FirstCall/ -- Four John Hancock closed-end
funds declared their monthly distributions today as follows:

Declaration Date: September 2, 2008
Ex Date: September 12, 2008
Record Date: September 16, 2008
Payable Date: September 30, 2008

Rate Change
Annualized from
Ticker Fund Name Amount Yield at Previous
Market* Month
PDT Patriot Premium Dividend Fund II $0.0480 6.64% -
HPI Preferred Income Fund $0.1550 10.51% -
HPF Preferred Income Fund II $0.1550 10.39% -
HPS Preferred Income Fund III $0.1320 9.23% -

About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial
Services, John Hancock Funds manages more than $54.8 billion in open-end
funds, closed-end funds, private accounts, retirement plans and related party
assets for individual and institutional investors at June 30, 2008. John
Hancock Funds are distributed by John Hancock Funds, LLC, member FINRA. For
more information, please visit www.jhfunds.com.
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$400 billion (US$393
billion) at June 30, 2008. 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 August 29, 2008 closing market price
SOURCE John Hancock Advisers, LLC

Media, Kimberley Dietrich, +1-617-663-4217, or Investors, +1-800-843-0090