John Hancock Patriot Premium Dividend Fund II (NYSE: PDT), John Hancock Preferred Income Fund (NYSE: HPI), John Hancock Preferred Income Fund II (NYSE: HPF), John Hancock Preferred Income Fund III (NYSE: HPS), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), John Hancock Income Securities Trust (NYSE: JHS) and John Hancock Investors Trust (NYSE: JHI) (collectively "John Hancock Closed-End Funds"), today announced their credit facility providers.

By July 2008, in response to illiquidity in the auction-rate securities market, seven John Hancock Closed-End Funds that utilized leverage through Auction Rate Preferred Shares ("ARPS") redeemed 100 percent of their outstanding ARPS and replaced this form of leverage with debt.

Six of the John Hancock Closed-End Funds, John Hancock Patriot Premium Dividend Fund II, John Hancock Preferred Income Fund, John Hancock Preferred Income Fund II, John Hancock Preferred Income Fund III, John Hancock Tax-Advantaged Dividend Income Fund, and John Hancock Income Securities Trust utilize debt leverage through a Committed Facility Agreement in place with a subsidiary of BNP Paribas ("BNP"). BNP is a European leader in global banking and financial services. BNP has a presence in 85 countries and more than 205,000 employees, with core businesses in Retail Banking, Corporate & Investment Banking, and Investment Solutions.

John Hancock Investors Trust, the seventh John Hancock Closed-End Fund that utilizes debt leverage, has a Credit Facility Agreement in place with State Street Bank and Trust Company, which is a subsidiary of State Street Corporation ("State Street"). State Street is one of the world's leading providers of financial services to institutional investors. State Street's range of services spans the entire investment spectrum, including research, investment management, trading services and investment servicing. State Street has over 27,000 employees, with operations in 25 countries, covering all major investment centers.

Additional information about the John Hancock Closed-End Funds or their use of leverage can be found in the John Hancock Closed-End Funds' annual and semi-annual shareholder reports.  The John Hancock Closed-End Funds' shareholder reports are available on the Funds' website at www.jhfunds.com.

About John Hancock Funds

The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $50.5 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at September 30, 2009.

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$437 billion (US$407 billion) at September 30, 2009.

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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http://www.jhfunds.com

The Indonesia Fund, Inc. (the "Fund") (NYSE AMEX: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 31, 2009 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

    
    
    Period            NAV Total Return %      Market Price Total Return %
                   Cumulative   Annualized    Cumulative      Annualized
                   ----------   ----------    ----------      ----------
    
    Since inception    -6.5         -0.3         -13.7             -0.7
     (March 1990)
    10-years          164.5         10.2         103.5              7.4
    5-years           128.3         17.9         113.7             16.4
    3-years            19.4          6.1          -7.9             -2.7
    1-year                    99.8                       107.8

On December 31, 2009, the Fund's net assets amounted to US$84.1 million and the Fund's NAV per share was $10.17.

As of December 31, 2009, the portfolio was invested as follows:

    
    
                                         Percent of
    Portfolio Composition                Net Assets
    ---------------------                ----------
    Financials                               20.9
    Consumer, Non-Cyclical                   18.9
    Basic Materials                          16.9
    Industrials                              11.5
    Consumer, Cyclical                       10.4
    Energy                                    8.7
    Communications                            8.2
    Other                                     2.1
    Utilities                                 1.8
    Diversified                               0.6

The Fund's ten largest equity holdings as of December 31, 2009, representing 68.4% of net assets, were:

    
    
                                            Percent of
    Stock                                   Net Assets
    -----                                   ----------
    PT Unilever Indonesia Tbk                  10.5
    PT Telekomunikasi Tbk                       9.8
    PT Astra International Tbk                  9.6
    Bank OCBC NISP Tbk PT                       8.3
    PT Holcim Indonesia Tbk                     6.0
    Ace Hardware Indonesia                      5.3
    Overseas Chinese Banking Corporation        4.9
    United Overseas Bank Limited                4.8
    Jardine Cycle and Carriage Limited          4.6
    PT United Tractors Tbk                      4.6

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Asia Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date March 9, 1990.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE The Indonesia Fund, Inc.

Aberdeen Asia-Pacific Income Fund, Inc. (the "Fund") (NYSE AMEX: FAX), a closed-end bond fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 31, 2009 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

    
    
    
    Period                NAV Total Return %      Market Price Total Return %
    
                      Cumulative    Annualized    Cumulative      Annualized
    
    Since Inception      707.0         9.2          666.3            9.0
     (April 1986)
    10-years             148.2         9.5          191.9           11.3
    5-years               40.3         7.0           38.5            6.7
    3-years               26.2         8.1           26.2            8.1
    1-year                      33.4                         55.9

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the various currencies listed below.

As of December 31, 2009, the portfolio was invested as follows:

    
    
    
                          Currency Exposure %    Geographic Exposure %
    
    Australia                     43.6                   43.6
    New Zealand                    0.2                    0.2
    
    
    United States*                37.9                    6.6
    
    
    South Korea                    3.1                   14.0
    Philippines                    1.3                    6.9
    Malaysia                       1.6                    5.6
    Singapore                      2.1                    3.8
    Thailand                       1.0                    1.7
    Hong Kong                      0.1                    6.9
    Indonesia                      0.3                    5.4
    China                          4.2                    1.7
    India                          1.7                    3.6
    Taiwan                         2.9                      -
    
    * Of which 36.6% is invested in US$ denominated bonds issued 
      by foreign issuers.

As of December 31, 2009, the top ten holdings of the portfolio based on total assets were as follows:

    
    
    
    Holding                                      Coupon / Maturity      (%)
    
    Western Australia Treasury Corporation       8.00%, 06/15/2013      5.4
    Western Australia Treasury Corporation       8.00%, 07/15/2017      4.0
    India Government                             7.02%, 08/17/2016      1.5
    Hutchinson Whampoa International            7.625%, 04/09/2019      1.3
    European Investment Bank                     6.50%, 08/07/2019      1.3
    Malaysian Government                        5.094%, 04/30/2014      1.3
    Kreditanstalt fuer Wiederaufbau              7.50%, 08/26/2011      1.2
    International Finance Corporation            7.50%, 02/28/2013      1.2
    Commonwealth Bank of Australia               8.50%, 06/24/2011      1.2
    Queensland Treasury Corporation              6.50%, 04/16/2012      1.1
    TOTAL                                                              19.5

As of December 31, 2009 the holdings of the portfolio represented approximately 21.4% sovereign and state government securities, 1.2% supranationals, 68.9% corporates, 6.6% cash and 1.9% asset backed securities.  

As of December 31, 2009, the Fund's net assets, including $600 million in bank borrowing, amounted to US$2,309 million with a net asset value per share of US$6.55.

As of December 31, 2009, 74.6% of the portfolio was invested in securities where either the issue or the issuer was rated "A" or better, or judged by the Investment Manager to be of equivalent quality.  The credit quality and maturity breakdown of the portfolio was as follows:

    
    
    
                          Credit Quality (%)
    
      AAA/Aaa    AA/Aa     A       BBB/Baa    BB/Ba     B     NR
    
       35.7      10.5    28.4        8.4       15.0    1.9    0.1
    
    
    As of December 31, 2009, the average credit quality of the 
    portfolio was A+. 

    
    
    
                                   Maturity (%)
    
         <3 Years          3-5 Years        5-10 Years          >10 Years
    
           28.5              25.7              34.5               11.3
    
    
    As of December 31, 2009, the average maturity of the 
    portfolio was 6.8 years.

A revolving credit loan facility, in the amount of $600,000,000, was entered into on April 18, 2008 with the Bank of Nova Scotia, in order to fund the redemption of the Fund's Auction Market Preferred Stock ("AMPS") that took place in April 2008.  The outstanding balance on the loan as of December 31, 2009 is $600,000,000 which represents no change from the previous month.  

The leverage is used with the intent of enhancing returns by borrowing at interest rates that are lower than the relatively higher yields of the emerging market fixed income securities in which the Fund invests.  The Fund has entered into interest rate swap agreements in order to fix the interest payable on an aggregate notional amount of $412.5 million, Hong Kong Dollar 74.0 million and Thailand Baht 69.5 million, which represents 74% of the bank loan facility.  Details regarding the revolving credit loan facility and the interest rate swap agreements are contained in the Fund's annual and semi-annual reports to shareholders.  

Important Information

Aberdeen Asset Management Inc., the Fund's Administrator, has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, the Administrator, Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen Asset Management Limited (the Investment Adviser), Aberdeen Asset Management Investment Services Limited (the Sub-Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information.  Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date April 25, 1986.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.

The Latin America Equity Fund, Inc. (the "Fund") (NYSE Amex: LAQ), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 31, 2009 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

    
    
    Period                 NAV Total Return %      Market Price Total Return %
                         Cumulative   Annualized   Cumulative      Annualized
    
    
    Since inception       910.7         13.6         755.7             12.5
    (October 1991)
    10-years              369.6         16.7         475.5             19.1
    5-years               222.3         26.4         229.8             26.9
    3-years                46.5         13.6          41.7             12.3
    1-year                       109.3                         120.9

On December 31, 2009, the Fund's net assets amounted to US$265.1 million and the Fund's NAV per share was $43.42.

As of December 31, 2009, the portfolio was invested as follows:

    
    
    Portfolio Composition                                  Percent of
                                                           Net Assets
    
    Financials                                                20.9
    Consumer, Non-Cyclical                                    18.9
    Basic Materials                                           16.9
    Industrials                                               11.5
    Consumer, Cyclical                                        10.4
    Energy                                                     8.7
    Communications                                             8.2
    Other                                                      2.1
    Utilities                                                  1.8
    Diversified                                                0.6

The Fund's ten largest equity holdings as of December 31, 2009, representing 52.7% of net assets, were:

    
    
    Stock                                                  Percent of
                                                           Net Assets
    
    Petroleo Brasileiro SA Petrobas                            8.7
    Vala SA                                                    8.6
    America Movil SAB de CV                                    5.5
    Banco Bradesco SA                                          5.5
    Fomento Economico Mexicano SAB de CV                       4.5
    Lojas Renner SA                                            4.3
    Grupo Financiero Banorte SAB de CV                         4.0
    Tenarsis SA                                                4.0
    Naturo Cosmeticos SA                                       3.8
    Ultrapar Participacoes SA                                  3.8

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date October 30, 1991.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE The Latin America Equity Fund, Inc.

Aberdeen Asia-Pacific Income Fund, Inc. (the "Fund") (NYSE AMEX: FAX), a closed-end bond fund, announced today its performance data and portfolio composition as of December 31, 2009.

The Fund's total returns for various periods through December 31, 2009 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):

    
    
    
    Period                NAV Total Return %      Market Price Total Return %
    
                      Cumulative    Annualized    Cumulative      Annualized
    
    Since Inception      707.0         9.2          666.3            9.0
     (April 1986)
    10-years             148.2         9.5          191.9           11.3
    5-years               40.3         7.0           38.5            6.7
    3-years               26.2         8.1           26.2            8.1
    1-year                      33.4                         55.9

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the various currencies listed below.

As of December 31, 2009, the portfolio was invested as follows:

    
    
    
                          Currency Exposure %    Geographic Exposure %
    
    Australia                     43.6                   43.6
    New Zealand                    0.2                    0.2
    
    
    United States*                37.9                    6.6
    
    
    South Korea                    3.1                   14.0
    Philippines                    1.3                    6.9
    Malaysia                       1.6                    5.6
    Singapore                      2.1                    3.8
    Thailand                       1.0                    1.7
    Hong Kong                      0.1                    6.9
    Indonesia                      0.3                    5.4
    China                          4.2                    1.7
    India                          1.7                    3.6
    Taiwan                         2.9                      -
    
    * Of which 36.6% is invested in US$ denominated bonds issued 
      by foreign issuers.

As of December 31, 2009, the top ten holdings of the portfolio based on total assets were as follows:

    
    
    
    Holding                                      Coupon / Maturity      (%)
    
    Western Australia Treasury Corporation       8.00%, 06/15/2013      5.4
    Western Australia Treasury Corporation       8.00%, 07/15/2017      4.0
    India Government                             7.02%, 08/17/2016      1.5
    Hutchinson Whampoa International            7.625%, 04/09/2019      1.3
    European Investment Bank                     6.50%, 08/07/2019      1.3
    Malaysian Government                        5.094%, 04/30/2014      1.3
    Kreditanstalt fuer Wiederaufbau              7.50%, 08/26/2011      1.2
    International Finance Corporation            7.50%, 02/28/2013      1.2
    Commonwealth Bank of Australia               8.50%, 06/24/2011      1.2
    Queensland Treasury Corporation              6.50%, 04/16/2012      1.1
    TOTAL                                                              19.5

As of December 31, 2009 the holdings of the portfolio represented approximately 21.4% sovereign and state government securities, 1.2% supranationals, 68.9% corporates, 6.6% cash and 1.9% asset backed securities.  

As of December 31, 2009, the Fund's net assets, including $600 million in bank borrowing, amounted to US$2,309 million with a net asset value per share of US$6.55.

As of December 31, 2009, 74.6% of the portfolio was invested in securities where either the issue or the issuer was rated "A" or better, or judged by the Investment Manager to be of equivalent quality.  The credit quality and maturity breakdown of the portfolio was as follows:

    
    
    
                          Credit Quality (%)
    
      AAA/Aaa    AA/Aa     A       BBB/Baa    BB/Ba     B     NR
    
       35.7      10.5    28.4        8.4       15.0    1.9    0.1
    
    
    As of December 31, 2009, the average credit quality of the 
    portfolio was A+. 

    
    
    
                                   Maturity (%)
    
         <3 Years          3-5 Years        5-10 Years          >10 Years
    
           28.5              25.7              34.5               11.3
    
    
    As of December 31, 2009, the average maturity of the 
    portfolio was 6.8 years.

A revolving credit loan facility, in the amount of $600,000,000, was entered into on April 18, 2008 with the Bank of Nova Scotia, in order to fund the redemption of the Fund's Auction Market Preferred Stock ("AMPS") that took place in April 2008.  The outstanding balance on the loan as of December 31, 2009 is $600,000,000 which represents no change from the previous month.  

The leverage is used with the intent of enhancing returns by borrowing at interest rates that are lower than the relatively higher yields of the emerging market fixed income securities in which the Fund invests.  The Fund has entered into interest rate swap agreements in order to fix the interest payable on an aggregate notional amount of $412.5 million, Hong Kong Dollar 74.0 million and Thailand Baht 69.5 million, which represents 74% of the bank loan facility.  Details regarding the revolving credit loan facility and the interest rate swap agreements are contained in the Fund's annual and semi-annual reports to shareholders.  

Important Information

Aberdeen Asset Management Inc., the Fund's Administrator, has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, the Administrator, Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen Asset Management Limited (the Investment Adviser), Aberdeen Asset Management Investment Services Limited (the Sub-Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information.  Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date April 25, 1986.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Asia-Pacific Income Fund, Inc.