PPF Hancock John Patriot Pfd Div

John Hancock Patriot Preferred Dividend Fund Declares Monthly Dividend BOSTON, June 30 /PRNewswire-FirstCall/ -- John Hancock Patriot Preferred Dividend Fund (NYSE:PPF) declared its regular monthly dividend today as follows: Declaration Date: June 30, 2004 Ex Date: July 8, 2004 Record Date: July 12, 2004 Payment Date: July 30, 2004 Dividend Amount: $0.0720 This dividend equates to an annualized yield of 7.06 percent, based on the fund's closing market price as of June 29, 2004. John Hancock Patriot Preferred Dividend Fund is a diversified, closed-end fund. The Fund's investment objective is to provide high current income consistent with preservation of capital. The Fund invests at least 80% of its assets in a diversified portfolio of dividend-paying securities. John Hancock Funds, a premier investment management company, managed $30.2 billion in open-end funds, closed-end funds, private accounts and retirement plans for individual and institutional investors as of March 31, 2004. Additional information about John Hancock Funds can be found at http://www.jhfunds.com/. John Hancock Funds is a wholly owned subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation. Founded in 1862, John Hancock Financial Services and its subsidiaries today offer a broad range of financial products and services, including whole, term, variable, and universal life insurance, as well as college savings products, mutual funds, fixed and variable annuities, long-term care insurance and various forms of business insurance. Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and most of 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. Pro forma funds under management by Manulife Financial and its subsidiaries were Cdn$356 billion (US$272 billion) as at March 31, 2004. 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/. DATASOURCE: John Hancock Patriot Preferred Dividend Fund CONTACT: Media: Kimberley Dietrich, +1-617-375-0311, or Investor Contact: +1-800-843-0090

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