Manulife Monthly High Income Fund celebrates 10 years of outstanding performance



    TSX/NYSE/PSE: MFC; SEHK: 0945

    TORONTO, Nov. 29 /CNW/ - Manulife Mutual Funds, a division of Elliott &
Page Limited, announced that it is celebrating the 10th anniversary of its
award-winning Manulife Monthly High Income Fund. With just under $4 billion in
assets under management, the Fund currently represents Manulife Mutual Funds'
most successful offering in its growing and highly diversified line-up of
investment funds.
    Managed since its inception by award-winning manager, Alan Wicks, Vice
President and Senior Portfolio Manager, MFC Global Investment Management, the
Fund represents a balanced income solution that is designed to provide a
steady flow of tax-efficient income distribution targeted at six cents per
unit per month and long term capital growth.(1) The Fund's success is largely
attributed to Alan Wick's value-based approach that focuses on buying the best
companies at the right prices.
    This highly successful process has produced top quartile performance over
five and ten year time periods.(2)
    "Alan has done a remarkable job managing this mandate since its
inception" said Doug Conick, Vice President of Investment Funds for Manulife
Investments. "His strict adherence to value investing has helped steer this
Fund through some choppy waters since its launch. For investors, this has
translated into risk-adjusted returns that have been greater than the market,
its benchmark and peers. We are very proud of the record that we have achieved
with this mandate and look forward to another ten years of successful
investing."

    About Manulife Investments
    --------------------------
    Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offers 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 funds, mutual
funds, annuities, guaranteed interest contracts and principal-protected notes.

    About MFC Global Investment Management
    --------------------------------------
    MFC Global Investment Management is the asset management division of
Manulife Financial. MFC Global Investment Management's diversified group of
companies and affiliates provide comprehensive asset management solutions for
institutional investors, investment funds and individuals in key markets
around the world. This investment expertise extends across a full range of
asset classes including equity, fixed income and alternative investments such
as oil & gas, real estate, timber, farmland, as well as asset allocation
strategies.
    MFC Global Investment Management has investment offices in the United
States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Asia. As
at June 30, 2007, assets managed exceeded C$240 billion (US$210 billion).
Additional information about MFC Global Investment Management may be found at
www.mfcglobal.com.
    MFC Global Investment Management(R), Manulife and the block design are
trademarks of The Manufacturers Life Insurance Company and are used by it and
its affiliates including Manulife Financial Corporation.

    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$399 billion
(US$398 billion) as at September 30, 2007.
    Manulife Financial is one of only two publicly traded life insurance
companies with 'AAA'-rated insurance subsidiaries, the highest rating for
financial strength at Standard & Poor's Rating Services.
    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
at www.manulife.com.

    ---------------------------------------------
    (1) The target distribution is not guaranteed
    (2) Morningstar Canada, September 2007





For further information:

For further information: Media Contact: Tom Nunn, Manulife Financial,
(519) 594-8578, tom_nunn@manulife.com


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