TORONTO, March 16, 2012 /CNW/ - Manulife Mutual Funds today announced that the Manulife Global Infrastructure Fund will change its distribution policy from an annual basis to a fixed quarterly distribution targeted to be 1.6% per year. The first distribution payment is scheduled for the end of June 2012.
In addition, the decision has been made to increase the trailer fee compensation by 10 basis points, from 0.75% to 0.85% on the front-end options of the following two funds effective April 1, 2012:
- Manulife Preferred Income Fund
- Manulife Diversified Income Portfolio* (Advisor Series and Series T)
*Formerly Manulife Simplicity Income Portfolio
About Manulife Mutual Funds
Manulife Mutual Funds, a division of Manulife Asset Management Limited, builds on 125 years of Manulife Financial's wealth and investment management expertise in managing approximately $17.7 billion as at December 31, 2011 for Canadian investors, through a diverse portfolio of forward-thinking mutual fund products. Our experienced Portfolio Managers offer access to markets in Canada, the United States and around the world, in a range of investment styles to help meet individual needs. Manulife Mutual Funds is part of Manulife Investments, which offers personal wealth management products and services, such as mutual funds, segregated funds, annuities and guaranteed investment contracts. For more information, please visit manulifemutualfunds.ca
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients 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$500 billion (US$491 billion) as at December 31, 2011. 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.
For further information:
Tracy Van Kalsbeek
Public Relations Consultant
Manulife Financial Canadian Division