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John Hancock Closed-End Funds Subadvisor Update

BOSTON, Dec. 13, 2018 /PRNewswire/ -- John Hancock Advisers, LLC today announced an update to a subadvisory relationship for John Hancock Tax-Advantaged Dividend Income Fund (HTD) and John Hancock Tax-Advantaged Global Shareholder Yield Fund (HTY) (collectively, the "Funds"). The Funds are advised by John Hancock Advisers, LLC and sub-advised by Analytic Investors, LLC, a division of Wells Fargo Asset Management ("Analytic"). HTD is also sub-advised by John Hancock Asset Management, a division of Manulife Asset Management (US) LLC, and HTY is also sub-advised by Epoch Investment Partners, Inc.

Effective today, Analytic will be replaced as subadvisor by Wells Capital Management Incorporated ("Wells Capital"), a direct wholly owned subsidiary of Wells Fargo Asset Management. This change in subadvisor is not expected to affect the portfolio management team or the services provided to the Funds. Harindre de Silva, CFA, Greg McMurran, Dennis Bein, CFA, and Megan Miller, CFA will continue to serve as portfolio managers of the portion of the Funds managed by Wells Capital.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund's control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing.

About John Hancock Investments
John Hancock has helped individuals and institutions build and protect wealth since 1862. Today, we're one of the strongest and most-recognized financial brands. We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders. Our approach to asset management has led to a diverse set of investments deeply rooted in investor needs, along with strong risk-adjusted returns across asset classes.

About John Hancock Financial and Manulife Financial
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate primarily as John Hancock in the United States and as Manulife elsewhere. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.1 trillion (US$849 billion) as of June 30, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and education savings plans. Additional information about John Hancock may be found at johnhancock.com.

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