TORONTO, Feb. 14, 2012 /CNW/ - Copernican World Financial Infrastructure Trust (TSX: CIW.UN) (the "Fund") is pleased to announce that its quarterly cash distribution for 2012 will be $0.05 per unit of the Fund or $0.20 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 3.54% based on a market price of $5.65 per unit on January 31, 2012.
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 with principal operations in Asia, Canada and the United States. 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 also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$500 billion (US$491 billion) as at December 31, 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.
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