C$ unless otherwise stated
TORONTO, Jan. 25, 2018 /CNW/ - Manulife Investments today announced its anticipated quarterly cash distribution for 2018 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 2018 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 2018 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, 2018.
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 exchange traded funds, 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 Financial Corporation ("Manulife"). We provide comprehensive asset management solutions for investors across a broad range of public and private asset classes, as well as asset allocation solutions. We also provide portfolio management for affiliated retail Manulife and John Hancock product offerings.
Our investment solutions include public and private equities and fixed income, timberland, farmland, real estate, power and infrastructure, oil and gas, renewable energy, and mezzanine debt. We operate in the United States, Canada, Brazil, the United Kingdom, New Zealand, Australia, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, the Philippines, as well as through a China joint venture, Manulife TEDA. We also serve investors in select European, Middle Eastern and Latin American markets.
As at September 30, 2017, assets under management for Manulife Asset Management were approximately C$477 billion (US$383 billion, GBP£286 billion, EUR€324 billion). Additional information 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 primarily 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 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of September 30, 2017, we had over $1 trillion (US$806 billion) in assets under management and administration, and in the previous 12 months we made $27.1 billion in 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.
SOURCE Manulife Financial Corporation
For further information: Media contact: Bev MacLean, Manulife, 416-852-8501, Beverley_Maclean@manulife.com, @ManulifeNews; For Closed-end fund inquiries: 1-888-333-3240, Monday - Friday 8am to 8pm EST