Oil Sands Sector Fund Announces Anticipated Distribution for 2012

TSX/NYSE/PSE: MFC SEHK:945

TORONTO, Jan. 25, 2012 /CNW/ - Oil Sands Sector Fund (TSX: OSF.UN) (the "Fund") is pleased to announce that its quarterly cash distribution for 2012 will be $0.125 per unit or $0.50 per annum.

The Fund determines annually its anticipated quarterly distribution target for the following year.  The distribution rate was determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the 12 months ending December 31, 2012.  This represents an annual yield of 8.10% based on a market price of $6.17 per unit on December 30, 2011.

For further information, please contact Manulife Customer Service at 1-866-626-3707.

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 operating in 21 countries and territories worldwide. In 2012, we celebrate 125 years of providing clients 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 provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were C$492 billion (US$473 billion) as at September 30, 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 manulife.com.

SOURCE Manulife Financial

For further information:

Media contact: 
Michael May
AVP, Media Relations
Manulife Financial Canadian Division
519-594-2660
michael_may@manulife.com

Profil de l'entreprise

Manulife Financial

Renseignements sur cet organisme

OIL SANDS SECTOR FUND

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.