TORONTO, Nov. 29, 2013 /CNW/ - Manulife Asset Management Limited, the manager (the "Manager") of Markland AGF Precious Metals Corp. (TSX: MPM) (the "Corporation") today announced that securityholders approved the dissolution of the Corporation. The Corporation will therefore have its Equity shares delisted from the Toronto Stock Exchange on or about December 10, 2013. The Corporation will be dissolved as soon as practicable thereafter. Following delisting, Equity shares of the Corporation will be redeemed based on the net asset value per Equity share as calculated on December 11, 2013 (after the payment or reservation for payment of all liabilities of the Corporation) in accordance with the terms of the Corporation's constating documents. Securityholders as of this final calculation date need not take any action to receive the final distribution proceeds of the Corporation. The payment date for the final distribution proceeds is on or about December 13, 2013.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Corporation and/or the Manager. The forward-looking statements are not historical facts but reflect the Corporation's and/or the Manager's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Corporation and/or the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the Corporation nor the Manager undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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. Clients look to Manulife for 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$574.6 billion (US$558.7 billion) as at September 30, 2013. 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 Corporation
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