Declaration Date: December 1, 2008 Ex Date: December 11, 2008 Record Date: December 15, 2008 Payment Date: December 31, 2008 Annualized Rate Yield at Change from Ticker Fund Name Amount Market* Previous Month HPI Preferred Income Fund $0.1550 16.56% - HPF Preferred Income Fund II $0.1550 16.71% - HPS Preferred Income Fund III $0.1320 16.11% - About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock FinancialServices, John Hancock Funds manages more than $47.9 billion in open-endfunds, closed-end funds, private accounts, retirement plans and related partyassets for individual and institutional investors at September 30, 2008. JohnHancock Funds are distributed by John Hancock Funds, LLC, member FINRA. Formore information, please visit www.jhfunds.com.

John Hancock Financial Services is a unit of Manulife FinancialCorporation, a leading Canadian-based financial services group servingmillions of customers in 19 countries and territories worldwide. Operating asManulife Financial in Canada and Asia, and primarily through John Hancock inthe United States, the company offers clients a diverse range of financialprotection products and wealth management services through its extensivenetwork of employees, agents and distribution partners. Funds under managementby Manulife Financial and its subsidiaries were Cdn$385 billion (US$364billion) at September 30, 2008. Manulife Financial Corporation trades as 'MFC'on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial maybe found on the Internet at www.manulife.com.

*Based on November 28, 2008 closing market price

SOURCE John Hancock Advisers, LLC