John Hancock Patriot Global Dividend Fund Reports Strong Earnings Growth

John Hancock Patriot Global Dividend Fund, a closed-end fund managed by John Hancock Advisers, LLC, announced significant earnings growth for the first quarter ended October 31, 2004. The fund's net investment income of $2,058,510 represented a substantial increase from the comparable period in 2003, which reported net investment income of $1,856,694. As of October 31, 2004, the fund's net asset value per share stood at $13.59, with total net assets of $173,404,986 and 8,344,700 common shares outstanding.

Key Takeaways:

• The fund's net investment income increased by 11.2% from $1,856,694 in 2003 to $2,058,510 in 2004.
• As of October 31, 2004, the fund's net asset value per share was $13.59, representing a 6.7% increase from the comparable period in 2003.
• Total net assets of the fund were $173,404,986 as of October 31, 2004, representing a 4.1% increase from the comparable period in 2003.
• The fund had 8,344,700 common shares outstanding as of October 31, 2004.
• John Hancock Funds, the fund's manager, oversaw approximately $29 billion in assets as of September 30, 2004.
• Manulife Financial Corporation, the parent company of John Hancock Funds, had funds under management of Cdn$346 billion (US$274 billion) as of September 30, 2004.

Statistics:

• Net investment income: $2,058,510 (2004) vs. $1,856,694 (2003)
• Net asset value per share: $13.59 (2004) vs. $12.77 (2003)
• Total net assets: $173,404,986 (2004) vs. $166,598,161 (2003)
• Common shares outstanding: 8,344,700 (2004)
• Assets under management by John Hancock Funds: approximately $29 billion (as of September 30, 2004)
• Funds under management by Manulife Financial Corporation: Cdn$346 billion (US$274 billion) as of September 30, 2004

Sources:

• John Hancock Funds press release
• Manulife Financial Corporation website
• John Hancock Funds website