TORONTO, April 5 /CNW/ - Manulife Asset Management Limited, the manager
of AIC Global Financial Split Corp. (TSX: ASC/ASC.PR.A) (the
"Corporation"), today announced that securityholders of the Corporation
did not approve the extension of the termination date of the Class A
Shares and Preferred Shares of the Corporation for an additional term
of five years from May 31, 2011 to May 31, 2016. The Corporation will,
therefore, terminate effective May 31, 2011 in accordance with its
constating documents. On termination, shares of the Corporation will
be redeemed and, following the payment or reservation for payment of
all liabilities of the Corporation, the remaining property of the
Corporation will be distributed to the Corporation's shareholders in
accordance with the terms of the Corporation's constating documents.
Shareholders need not take any action to receive the final distribution
proceeds on termination of the Corporation.
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 funds, mutual funds, annuities and guaranteed
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
operating in 22 countries and territories worldwide. For more than 120
years, clients worldwide have looked 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 around the world. We
provide asset management services to institutional customers worldwide
as well as reinsurance solutions, specializing in life and property and
casualty retrocession. Funds under management by Manulife Financial and
its subsidiaries were $475 billion (US$478 billion) as at December 31,
2010. 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 www.manulife.com.
SOURCE Manulife Financial
For further information:
Manulife Customer Service at 1-888-333-3240