Manulife Mutual Funds Announces Prospectus Amendments

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    - Additions to corporate class line-up of tax-efficient Series T and
Series
    IT securities

    - Fund name change and change of portfolio sub-advisory responsibilities
to
    existing fund





    >>

TORONTO, May 20, 2011 /CNW/ -- In the continuing effort to provide advisors and investors with investment strategies to address their income requirements, Manulife Mutual Funds announced today amendments to the August 19, 2010 prospectus that expand its offerings of Series T and Series IT securities to additional corporate classes, subject to regulatory approval. Series T and Series IT securities are designed for investors who seek regular monthly cash flows.

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    The following funds now offer Series T and Series IT securities:

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Series IT securities Series T securities

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    Manulife Canadian Opportunities        Manulife Canadian Opportunities
     Class                                 Class
    Manulife Global Opportunities Class   Manulife Global Opportunities Class
    Manulife Yield Opportunities Class    Manulife Yield Opportunities Class
    Manulife Strategic Income Class       Manulife Monthly High Income Class
    Manulife Total Yield Class            Manulife World Investment Class
                                          Manulife Strategic Income Class
                                          Manulife Structured Bond Class
                                          Manulife Total Yield Class



    Fund name and sub-advisor change
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The Manulife Emerging Markets Fund will be renamed the Manulife Emerging Markets Equity Fund on or about May 30, 2011 and portfolio sub-advisory responsibilities for the Fund will change to Manulife Asset Management (US) LLC on or about June 3, 2011.

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    About Manulife Mutual Funds
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Manulife Mutual Funds, a division of Manulife Asset Management Limited, builds on more than 120 years of Manulife Financial's wealth and investment management expertise in managing approximately $17.8 billion as of March 31, 2011 for Canadian investors, through a diverse portfolio of forward-thinking mutual fund products. Our experienced Portfolio Managers offer access to markets in Canada, the United States and around the world, in a range of investment styles to help meet individual needs. Manulife Mutual Funds is part of Manulife Investments, which offers personal wealth management products and services, such as mutual funds, segregated funds, annuities and guaranteed investment contracts. For more information, please visit manulifemutualfunds.ca

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    About Manulife Financial
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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 $478 billion (US$492 billion) as at March 31, 2011. 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

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SOURCE Manulife Mutual Funds

For further information: Beth McGoldrick, Manulife Mutual Funds, +1-617-663-4751, bmcgoldrick@jhancock.com Web Site: http://www.manulife.com

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