John Hancock Announces Portfolio Manager Change to Certain Closed-End Funds

BOSTON, Oct. 7 /PRNewswire-FirstCall/ -- John Hancock Advisers, LLC announced today changes to the portfolio management teams of the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) and the John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY). HTD is managed by a team of portfolio managers from MFC Global Investment Management (U.S.), LLC and Analytic Investors, LLC ("Analytic"), and HTY is managed by a team of portfolio managers from Epoch Investment Partners, Inc. and Analytic.  

Effective immediately, the portfolio management team at Analytic has changed as follows: Ram Willner replaced Yigal Newman as one of the four portfolio managers responsible for managing the options overlay strategy for HTD and HTY. Harindra de Silva, Gregory McMurran, and Dennis Bein will remain on the team responsible for the management of the options overlay strategy.

Mr. Willner, who joined Analytic in 2008, has 23 years of investment experience.  He received his D.B.A. in Financial Mathematics from Harvard University, an M.B.A. from Carnegie-Mellon University, and a B.A. in Mathematics from Brandeis University.  Prior to joining Analytic, Mr. Willner led Global Analytics at PIMCO and the Fixed Income Department at Banc of America Capital Management (BACAP). For the past 10 years, Mr. Willner has utilized his quantitative background to serve as a domestic and international fixed income portfolio manager at Morgan Stanley Asset Management (in London), at BACAP, and at Global Fixed Income Partners.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at June 30, 2010.

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation 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$454 billion (US$428 billion) at June 30, 2010.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com.

SOURCE John Hancock Funds

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