C$ unless otherwise stated
TORONTO, Jan. 30, 2017 /CNW/ - Manulife Investments today announced its anticipated quarterly cash distribution for 2017 for Oil Sands Sector Fund (TSX: OSF.UN) will be C$0.0475 per unit or C$0.19 per annum. The anticipated monthly cash distribution for 2017 for Manulife Floating Rate Senior Loan Fund (TSX: MFR.UN) 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 anticipated monthly cash distribution for 2017 for Manulife U.S. Regional Bank Trust (TSX: MBK.UN) will be C$0.04160 per Class A Unit (or C$0.4992 per annum) or US$0.04160 per Class U Unit (or US$0.4992 per annum).
Manulife Investments annually determines its anticipated quarterly and monthly distribution targets for the following year. The distribution rates were determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the 12 months ending December 31, 2017.
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's wealth and investment management expertise in managing assets for Canadian investors. As one of Canada's leading integrated financial services providers, Manulife Investments and its affiliates offer 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 investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at September 30, 2016, assets under management for Manulife Asset Management were approximately C$450 billion (US$343 billion, GBP£263 billion, EUR€305 billion).
Manulife Asset Management's public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2016, we had $966 billion (US$736 billion) in assets under management and administration, and in the previous 12 months we made more than $24.4 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
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For further information: Media contact: Bev MacLean, Manulife, 416-852-8501, [email protected], @ManulifeNews; For Closed-end fund inquiries: 1-888-333-3240, Monday - Friday 8am to 8pm EST, [email protected]