TORONTO, Jan. 30, 2014 /CNW/ - Manulife Asset Management Limited (the
"Manager"), the Manager of the Oil Sands Sector Fund (TSX: OSF.UN) (the
"Fund") announced its quarterly cash distribution for 2014 will be
C$0.125 per unit or C$0.50 per annum.
The Fund annually determines 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, 2014.
This represents an annual yield of 8.39 per cent based on a market
price of C$5.96 per unit on December 31, 2013.
For more information, please contact Manulife Customer Service at
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 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$575 billion (US$559
billion) as at September 30, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
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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