TORONTO, April 29 /CNW/ - Manulife Investments announced that it has
filed a preliminary prospectus for the Manulife Strategic Income
Opportunities Fund (the "Fund"), a closed-end investment fund, on April
28, 2011, with the securities regulators of all the Canadian provinces
and territories for an initial public offering of units (the "Units")
at $10 per Unit.
The Fund has been created to provide exposure, on a tax-advantaged
basis, to an actively managed portfolio (the "Portfolio") comprised
primarily of fixed-income securities including investment grade and
high yield corporate bonds and developed and emerging market government
bonds. The portfolio will be actively managed by Manulife Asset
Management (U.S.) LLC.
The Fund's investment objectives are to:
(i) provide unitholders with monthly tax-advantaged distributions;
(ii) preserve capital while providing the opportunity for long-term
The distributions are initially targeted to be 6.5% per annum on the
subscription price of $10.00 per unit ($0.05417 per Unit per month
$0.65 per Unit per annum). The Fund will not have a fixed monthly
distribution amount but will at least annually (commencing in May 2012)
determine and announce an expected distribution for the following 12
The offering is being conducted by a syndicate of Agents led by RBC
Capital Markets and includes CIBC, BMO Capital Markets, Manulife
Securities Incorporated, Scotia Capital Inc., TD Securities Inc., GMP
Securities L.P., HSBC Securities (Canada) Inc., National Bank Financial
Inc., Canaccord Genuity Corp., Mackie Research Capital Corporation,
Raymond James Ltd. and Wellington West Capital Markets Inc.
A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in each of the provinces and territories of Canada. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from one of the
dealers noted above. There will not be any sale or any acceptance of an
offer to buy the securities until a receipt for the final prospectus
has been issued.
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 and
guaranteed interest contracts.
About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of
Manulife Financial. Manulife Asset Management and its affiliates
provide comprehensive asset management solutions for institutional
investors and investment funds in key markets around the world. This
investment expertise extends across a broad range of asset classes
including equity, fixed income and alternative investments such as real
estate, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities
in the United States, Canada, the United Kingdom, Japan, Hong Kong,
Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the
Philippines. In addition, it has a joint venture asset management
business in China, Manulife TEDA. It also has operations in Australia,
New Zealand, Brazil and Uruguay. As at December 31, 2010, assets under
management for institutional clients were C$209 billion (US$210
billion). Additional information about Manulife Asset Management can be
found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset Management was known as MFC
Global Investment Management.
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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