Manulife Investments Announces Results of Special Meetings of Securityholders and Lowers Risk Rating on Two Funds


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TORONTO, Nov. 6, 2015 /CNW/ - Manulife Investments today announced the receipt of the required approvals from securityholders to proceed with the previously announced mutual fund corporation amalgamation, mutual fund mergers and changes in the investment objective of certain mutual funds. Manulife Investments also announced that it will lower the risk rating on two Standard Life branded mutual funds and rename certain other Standard Life branded mutual funds.

The mutual fund corporation amalgamation is expected to take effect on or about November 21, 2015.

Approvals for investment objective changes were received for the following funds as outlined in the Management Information Circular dated October 13, 2015. These changes are expected to take effect on or about January 4, 2016:

Manulife Value Fund
Manulife U.S. Opportunities Class
Standard Life Emerging Markets Dividend Fund

Applicable securityholders of each of the following terminating and/or continuing funds have provided their approval of the applicable fund mergers:

Terminating Fund Continuing Fund Merger Date - On or about:

Standard Life Balanced Fund

Manulife Canadian Opportunities Balanced Fund

March 11, 2016

Manulife U.S. Large Cap Equity Fund

Manulife U.S. All Cap Equity Fund

March 11, 2016

Standard Life U.S. Equity Value Class

Manulife U.S. All Cap Equity Class

March 11, 2016

Manulife U.S. Large Cap Equity Class

Manulife U.S. All Cap Equity Class

March 11, 2016

Manulife Special Opportunities Class

Manulife U.S. All Cap Equity Class

March 11, 2016

Standard Life Short Term Bond Fund

Manulife Short Term Bond Fund

April 15, 2016

Standard Life Global Bond Fund

Manulife Strategic Investment Grade Global Bond Fund

April 15, 2016

Standard Life Canadian Equity Fund

Standard Life Dividend Income Fund

April 15, 2016

Standard Life Emerging Markets Debt Fund

Manulife Emerging Markets Debt Fund

April 15, 2016

Standard Life European Equity Fund

Manulife World Investment Fund
 

April 15, 2016

Manulife Canadian Conservative Balanced Fund

Standard Life Diversified Income Fund

April 15, 2016

Standard Life Canadian Equity Value Fund

Manulife Dividend Income Fund

April 15, 2016

Standard Life Short Term Yield Class

Manulife Short Term Yield Class

May 27, 2016

Standard Life Corporate Bond Class

Standard Life Corporate Bond Fund

May 27, 2016

Standard Life Canadian Bond Class

Manulife Bond Fund

May 27, 2016

Standard Life Conservative Portfolio Class

Standard Life Conservative Portfolio

May 27, 2016

Standard Life Moderate Portfolio Class

Standard Life Moderate Portfolio

May 27, 2016

Notwithstanding the receipt of the requisite securityholder approval,the mergers of Manulife U.S. Large Cap Equity Fund, Manulife U.S. Large Cap Equity Class, Manulife Special Opportunities Class, Standard Life Canadian Equity Fund, Standard Life European Equity Fund, Manulife Canadian Conservative Balanced Fund, Standard Life Canadian Equity Value Fund, Standard Life Corporate Bond Class, Standard Life Canadian Bond Class, Standard Life Conservative Portfolio Class, and Standard Life Moderate Portfolio Class  also require the approval of the Canadian securities regulators before such mergers may be effected.  Although no assurance can be provided, Manulife Investments expects that such approvals will be received.

The quorum requirement was not met for Standard Life Global Equity Class and Standard Life Emerging Markets Dividend Class. As a result, these meetings have been adjourned to November 12, 2015 at 10:00 a.m. (EST).  The meetings will be held at the offices of Manulife Asset Management Limited, in the Ross ABC Room, 200 Bloor Street East, South Tower, Toronto, Ontario, M4W 1E5.

Manulife Investments today also announced a change in the risk rating for Standard Life Canadian Small Cap and Standard Life Global Bond Fund. These changes will be reflected in the simplified prospectus of the funds which will be filed with Canadian securities regulators on or about November 9, 2015 in connection with the funds' 2015 annual renewal. No material changes have been made to the investment objectives, strategies or management of these funds. The Investment Funds Institute of Canada established guidelines for determining risk ratings based primarily upon the variability of returns for a mutual fund. Based on these guidelines, Manulife Investments determined it was prudent to change the risk rating for the following funds in the following manner:


Fund Name

Previous risk rating 

Revised Risk Rating

Standard Life Canadian
Small Cap Fund

High

Medium to High

Standard Life Global Bond
Fund

Medium

Low to Medium

 

As part of integration, the following funds will join the Manulife Investments mutual fund platform and will be renamed as follows, such changes, except as indicated below, will be reflected in the abovementioned simplified prospectus which will be filed with Canadian securities regulators on or about November 9, 2015:


Previous Fund Name

New Fund Name

Standard Life Aggressive Portfolio

Manulife Portrait Aggressive Portfolio

Standard Life Canadian Dividend Growth Class

Manulife Canadian Dividend Growth Class

Standard Life Canadian Dividend Growth Fund

Manulife Canadian Dividend Growth Fund

Standard Life Conservative Portfolio

Manulife Portrait Conservative Portfolio

Standard Life Corporate Bond Fund

Manulife Canadian Corporate Bond Fund

Standard Life Diversified Income Fund

Manulife Conservative Income Fund

Standard Life Dividend Growth & Income Portfolio

Manulife Portrait Dividend Growth & Income Portfolio

Standard Life Dividend Growth & Income Portfolio Class

Manulife Portrait Dividend Growth & Income Portfolio Class

Standard Life Dividend Income Class

Manulife Canadian Dividend Income Class

Standard Life Dividend Income Fund

Manulife Canadian Dividend Income Fund

Standard Life Emerging Markets Dividend Class

Manulife Emerging Markets Class

Standard Life Emerging Markets Dividend Fund

Manulife Emerging Markets Fund

Standard Life Global Absolute Return Strategies Fund

Manulife Global Absolute Return Strategies Fund*

Standard Life Global Dividend Growth Class

Manulife Global Dividend Growth Class

Standard Life Global Dividend Growth Fund

Manulife Global Dividend Growth Fund

Standard Life Global Equity Class

Manulife Global Equity Unconstrained Class

Standard Life Global Equity Fund

Manulife Global Equity Unconstrained Fund

Standard Life Global Real Estate Fund

Manulife Global Real Estate Unconstrained Fund

Standard Life Growth Portfolio

Manulife Portrait Growth Portfolio

Standard Life Growth Portfolio Class

Manulife Portrait Growth Portfolio Class

Standard Life Moderate Portfolio

Manulife Portrait Moderate Portfolio

Standard Life Monthly Income Class

Manulife Canadian Monthly Income Class

Standard Life Monthly Income Fund

Manulife Canadian Monthly Income Fund

Standard Life Tactical Income Fund

Manulife Tactical Income Fund

Standard Life U.S. Dividend Growth Fund
Manulife U.S. Dividend Income Fund

Standard Life U.S. Monthly Income Fund
Manulife Unhedged U.S. Monthly High Income Fund

*This fund is offered to eligible investors under an offering memorandum.

For more information, please visit manulifemutualfunds.ca or contact Manulife Investments at the following telephone numbers:

English: 1-888-588-7999
French: 1-877-426-9991

About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. 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
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.  We operate as John Hancock in the United States, and Manulife elsewhere.  We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.  At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers.  At the end of June 2015, we had $883 billion (US$708 billion) in assets under management and administration, and in the previous 12 months we made more than $22 billion in benefits, interest and other payments to our customers.  Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years.  With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.  Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

SOURCE Manulife Financial Corporation

For further information:

Media contact:
Bev MacLean
Manulife
416-852-8501
Beverley_Maclean@manulife.com
@ManulifeNews


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