C$ unless otherwise stated
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TORONTO, May 19, 2017 /CNW/ - Manulife Investments today announced the receipt of the required approvals from securityholders to proceed with the previously announced mutual fund mergers.
Applicable securityholders of each of the following terminating funds have provided their approval of the applicable fund mergers:
| Terminating Fund |
Continuing Fund |
Merger Date – On or |
| Manulife Leaders |
Manulife Growth Portfolio |
June 2, 2017 |
| Manulife Portrait Dividend |
Manulife Growth Portfolio |
June 2, 2017 |
| Manulife Portrait Growth |
Manulife Growth Portfolio |
June 2, 2017 |
Notwithstanding the receipt of the requisite securityholder approval, the mergers of these funds also require the approval of the Canadian securities regulators before such mergers may be effected. Although no assurance can be provided, Manulife Investments expects that such approvals will be received.
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
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 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 March 31, 2017, we had $1 trillion (US$754 billion) in assets under management and administration, and in the previous 12 months we made almost $26.3 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
Media contact: Bev MacLean, Manulife, 416-852-8501, [email protected], @ManulifeNews
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