TORONTO, Nov. 29, 2013 /CNW/ - Manulife Asset Management Limited, the
manager (the "Manager") of Markland AGF Precious Metals Corp. (TSX:
MPM) (the "Corporation") today announced that securityholders approved
the dissolution of the Corporation. The Corporation will therefore have
its Equity shares delisted from the Toronto Stock Exchange on or about
December 10, 2013. The Corporation will be dissolved as soon as
practicable thereafter. Following delisting, Equity shares of the
Corporation will be redeemed based on the net asset value per Equity
share as calculated on December 11, 2013 (after the payment or
reservation for payment of all liabilities of the Corporation) in
accordance with the terms of the Corporation's constating documents.
Securityholders as of this final calculation date need not take any
action to receive the final distribution proceeds of the Corporation.
The payment date for the final distribution proceeds is on or about
December 13, 2013.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and similar
expressions to the extent they relate to the Corporation and/or the
Manager. The forward-looking statements are not historical facts but
reflect the Corporation's and/or the Manager's current expectations
regarding future results or events. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Although the Corporation and/or the Manager believes that
the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein.
Neither the Corporation nor the Manager undertake any obligation to
update publicly or otherwise revise any forward-looking statement or
information whether as a result of new information, future events or
other such factors which affect this information, except as required by
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation
that offer personal wealth management products and services in Canada.
As one of Canada's leading integrated financial services providers,
Manulife Investments offers a variety of products and services
including segregated fund contracts, mutual funds, annuities,
guaranteed interest contracts and structured products. Manulife
Structured Products are managed by Manulife Asset Management Limited.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$574.6 billion
(US$558.7 billion) as at September 30, 2013. The Company operates as
Manulife Financial in Canada and Asia and primarily as John Hancock in
the United States.
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 manulife.com.
SOURCE: Manulife Financial Corporation
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