TSX/NYSE/PSE: MFC SEHK:945
TORONTO, April 20, 2015 /CNW/ - Manulife Floating Rate Senior Loan Fund (the "Fund") (TSX:MFR.UN) announced today that a monthly cash distribution in the amount of C$0.05625 per Class A Unit of the Fund and US$0.05625 per Class U Unit of the Fund, will be paid on May 15, 2015 to unitholders of record as of April 30, 2015.
A unitholder who has continually held units since inception will have received a total of C$1.58565 per Class A Unit and US$1.61211 per Class U Unit as of the payment date.
Also announced today, the Fund's anticipated monthly cash distribution for the 12-month period starting June 1, 2015 will be C$0.05625 per Class A Unit (or C$0.675 per annum) or US$0.05625 per Class U Unit (or US$0.675 per annum).
The Fund determines annually its anticipated monthly distribution target for the following year. The distribution rate for June 1, 2015 to May 31, 2016 was determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the next 12 months. This represents an annual yield of 7.22% for Class A Units, based on a market price of $9.35 per unit on March 31, 2015.
For more information, please contact Manulife Customer Service at 1-888-333-3240.
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife Financial'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 Asset Management
Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at December 31, 2014, assets under management for Manulife Asset Management were approximately C$321 billion (US$277 billion).
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers' 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. Assets under management by Manulife and its subsidiaries were approximately C$691 billion (US$596 billion) as at December 31, 2014.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
SOURCE Manulife Financial Corporation
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