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
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:
AVP, Media Relations
Manulife Financial Canadian Division