John Hancock drops manager Frank Lucibella from five municipal funds

By Toni Weeks

San Luis Obispo, Calif., June 26 - John Hancock announced that Frank A. Lucibella will no longer act as a portfolio manager of the John Hancock California Tax-Free Income Fund, John Hancock Massachusetts Tax-Free Income Fund, John Hancock New York Tax-Free Income Fund, John Hancock High Yield Municipal Bond Fund and John Hancock Tax-Free Bond Fund, effective June 28, according to separate 497 filings with the Securities and Exchange Commission.

Dianne M. Sales will continue as portfolio manager of the funds.

Boston-based John Hancock Advisers, LLC is the investment adviser to the funds.

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