TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, June 12 /CNW/ - Canadian investors can benefit from two new
classes of principal protected investments that can generate potential returns
based on the performance of two mutual funds.
Bank of Montreal Manulife Investments Protected Deposit Notes, Global
ReturnPlus Class is a unique investment offering issued by Bank of Montreal
that is linked to the performance of two mutual funds - the Elliott & Page
Monthly High Income Fund and the Mawer World Investment Fund. The mutual funds
are managed by Manulife Mutual Funds, a division of Elliott & Page Limited,
and Calgary based Mawer Investment Management Inc. Bank of Montreal Manulife
Investments Protected Deposit Notes, Canadian ReturnPlus Class is an
investment offering issued by Bank of Montreal that is linked to the
performance of the Elliott & Page Monthly High Income Fund. Both the Global
ReturnPlus Class and the Canadian ReturnPlus Class Deposit Notes provide
100 per cent principal protection at maturity by Bank of Montreal.
The Deposit Notes employ a dynamic asset allocation strategy providing
notional exposure to the underlying Funds when their performance is positive
and reduced exposure when performance is negative. All distributions paid by
the Funds will be notionally reinvested at a rate equal to 100 per cent of the
distribution rate of the Funds linked to the Deposit Notes creating the
opportunity for potentially enhanced returns and tax-deferred growth.
"Many Canadian investors have benefited from strong equity market
performance over the past few years. The Bank of Montreal Manulife Investments
Canadian ReturnPlus Class and Global ReturnPlus Class Deposit Notes provide
investors with the opportunity to lock in previous market gains while
maintaining market exposure through investments linked to two mutual funds
with strong track records of performance. The principal protection feature
makes them an attractive alternative for investors who require stability yet
would benefit from potentially higher long term returns," said Bob Tillmann,
Vice President of Marketing and Business Development, Manulife Investments.
Additional features of the Canadian ReturnPlus Class and Global ReturnPlus
Class Notes include:
- 100 per cent principal protection at maturity by Bank of Montreal as
- Potential for enhanced total return through the notional investment
in the underlying funds;
- Potential for tax deferred growth - 100 per cent of distributions
from the underlying funds, if any, are notionally reinvested in the
funds for growth with no current tax implications for investors;
- A dynamic asset allocation strategy;
- Term to maturity of approximately 7.18 years for Series 1 and 7 years
for Series 2
In addition, the Canadian ReturnPlus Note features 125% exposure on day
one to the underlying Elliott & Page Monthly High Income Fund.
The Bank of Montreal Manulife Investments Protected Deposit Notes,
Canadian ReturnPlus Class Series 1 and 2 and Global ReturnPlus Class Series 1
and 2 are sold by advisors licensed by the Investment Dealers Association of
Canada and licensed mutual fund dealers.
Series 1 of the Canadian ReturnPlus Class is available for purchase until
July 6, 2007 and Series 2 of the Canadian ReturnPlus Class is available for
purchase until September 7, 2007.
Global ReturnPlus Class Series 1 is available for purchase until July 6,
2007 and Series 2 of the Global ReturnPlus Class is available for purchase
until September 7, 2007. Details regarding these investment products,
including a discussion of risk factors relating to the Deposit Notes, are
contained in the Information Statements that can be obtained from your
financial advisor or at www.manulife.ca/investments.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$426 billion
(US$370 billion) as at March 31, 2007.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
The information contained herein is for information purposes only and
does not constitute an offer to sell or a solicitation to purchase the Deposit
Notes or investment advice. Investors should read the Information Statements
related to the Deposit Notes dated May 7, 2007 and discuss with their advisor
before making any investment decisions. Complete information relating to the
Deposit Notes, including the risks of investment and disclosure on how the
return is calculated, are included in the related Information Statement. The
information contained herein is intended to be read in conjunction with the
related Information Statement and is qualified in its entirety by reference to
the Information Statement. The fluctuation of the value of the Fund Portfolio
will directly impact the return, if any, on the Deposit Notes at maturity. It
is possible that no return will be paid on the Deposit Notes. Bank of Montreal
makes no assurances, representations or warranties with respect to the
accuracy, reliability or completeness of the information contained herein.
Furthermore, Bank of Montreal makes no recommendations concerning Manulife
Investments, mutual funds or the suitability of investing in securities
generally, or the Deposit Notes in particular. No person has been authorized
to give information or to make any representation not contained in the related
Information Statement and Bank of Montreal does not accept any responsibility
for any information not contained in the related Information Statement.
Manulife Investments is the brand name identifying the personal wealth
management lines of business offered by Manulife Financial (The Manufacturers
Life Insurance Company) and its subsidiaries in Canada (collectively,
"Manulife Financial"). Manulife Investments, MFC Global Investment Management,
Manulife, Elliott & Page and the Manulife Investments block design are trade
names or registered or unregistered trademarks of Manulife Financial and have
been licensed for use by the Bank of Montreal and its affiliates.
For further information:
For further information: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578, email@example.com