Manulife Investments announces securityholder results of Special Meeting to extend termination date of AIC Global Financial Split Corp.

TORONTO, April 5 /CNW/ - Manulife Asset Management Limited, the manager of AIC Global Financial Split Corp. (TSX: ASC/ASC.PR.A) (the "Corporation"), today announced that securityholders of the Corporation did not approve the extension of the termination date of the Class A Shares and Preferred Shares of the Corporation for an additional term of five years from May 31, 2011 to May 31, 2016.  The Corporation will, therefore, terminate effective May 31, 2011 in accordance with its constating documents.  On termination, shares of the Corporation will be redeemed and, following the payment or reservation for payment of all liabilities of the Corporation, the remaining property of the Corporation will be distributed to the Corporation's shareholders in accordance with the terms of the Corporation's constating documents.  Shareholders need not take any action to receive the final distribution proceeds on termination of the Corporation.

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 funds, mutual funds, annuities and guaranteed investment contracts.

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $475 billion (US$478 billion) as at December 31, 2010. 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 www.manulife.com.


 

SOURCE Manulife Financial

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