An anonymous director reports

JOHN HANCOCK CLOSED-END FUNDS DECLARE EARLY MONTHLY DISTRIBUTIONS

The five Manulife Financial Corp. John Hancock closed-end funds listed herein have declared their monthly distributions for January, 2015, as follows:

Declaration date:  Dec. 19, 2014

Ex date:  Dec. 24, 2014

Record date:  Dec. 29, 2014

Payment date:  Jan. 30, 2015

                                                             Change from    Market price   Annualized current
                                             Distribution       previous           as of    distribution rate
Ticker                            Fund name     per share   distribution   Dec. 18, 2014            at market

HPI                   Preferred Income Fund       $0.1400              -          $20.56                 8.17%
HPF                Preferred Income Fund II       $0.1400              -          $20.54                 8.18%
HPS               Preferred Income Fund III       $0.1222              -          $18.27                 8.03%
PDT                   Premium Dividend Fund       $0.0900              -          $13.58                 7.95%
HTD     Tax-Advantaged Dividend Income Fund       $0.1210              -          $21.83                 6.65%

The funds listed herein have accelerated the declaration, ex date and record date of the regularly scheduled January distribution in order for the funds to meet their 2014 distribution requirements for federal excise tax purposes. In February, 2015, each of the funds herein expects to resume its regular monthly declaration, distribution and payment schedule.

John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund declared its monthly distribution pursuant to the fund's managed distribution plan (PDT). Under the PDT plan, the fund makes monthly distributions of an amount equal to nine cents per share. This amount will be paid monthly until further notice.

The fund may also make additional distributions: (i) for purposes of not incurring federal income tax on investment company taxable income and net capital gain of the fund, if any, not included in such regular distributions; and (ii) for purposes of not incurring federal excise tax on ordinary income and capital gain net income, if any, not included in such regular monthly distributions. The board may amend the terms of the PDT plan or terminate the PDT plan at any time.

A portion of a fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a fund. As required under the Investment Company Act of 1940, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. Such notice will also be posted to the funds' website. The notice should not be used to prepare tax returns, as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

We seek Safe Harbor.