TSX/NYSE/PSE: MFC
SEHK:945
TORONTO,
July 10, 2018
/CNW/ - Manulife Investments announced today that the
Manulife Floating Rate Senior Loan Fund (the "Fund"), a closed-end
investment fund, received acceptance by the Toronto Stock Exchange
(the "TSX") of the Fund's Notice of Intention to make a Normal
Course Issuer Bid (the "NCIB").
Pursuant to the NCIB, the Fund proposes to purchase
through the facilities of the TSX, from time to time, if it is
considered advisable, up to 1,360,377 Class A Units of the Fund,
representing 10% of the public float, which is the same number as
the Fund's issued and outstanding Class A Units, being 13,603,776
Class A Units as of the close of business on June 28, 2018. The Fund will not purchase in any
given 30-day period, in the aggregate, more than 272,075 Class A
Units, being 2% of the issued and outstanding Class A Units as of
the close of business on June 28,
2018. Purchases of Class A Units under the NCIB may commence
on July 12, 2018. Manulife Asset
Management Limited, the manager of the Fund, believes that such
purchases are in the best interests of the Fund and are a desirable
use of the Fund's assets. All purchases will be made through the
facilities of the TSX in accordance with its rules and policies.
All Class A Units purchased by the Fund pursuant to the NCIB will
be cancelled. The NCIB will expire on July
11, 2019.
On July 10, 2017, the Fund
announced that it was making a NCIB, which commenced on
July 12, 2017, to purchase up to
1,412,612 Class A Units through the facilities of the TSX. The Fund
did not repurchase any Class A Units under the bid. The bid
will expire on July 11,
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 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 expertise includes public and private
equity and fixed income, real estate and infrastructure equity and
debt, timberland and farmland, oil and gas, 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 March 31, 2018, assets
under management for Manulife Asset Management were approximately
C$508 billion (US$394 billion, GBP£281 billion, EUR€320
billion). Additional information may be found at
ManulifeAM.com.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people make their decisions
easier and lives better. 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 2017, we
had 35,000 employees, 73,000 agents, and thousands of distribution
partners, serving more than 26 million customers. As of
March 31, 2018, we had over
$1.1 trillion (US$850 billion) in assets under management and
administration, and in the previous 12 months we made $26.9 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