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Manulife Mutual Funds intends to merge several Elliott & Page funds Changes designed to create operating efficiencies and greater economies of scale Toronto – Manulife Mutual Funds (a division of Elliott & Page Limited) intends to merge the following funds:
“We are making these changes as part of our ongoing efforts to provide a strong yet streamlined family of investment funds that is as current to the needs of investors and their advisors as possible,” said Eric Grove, Vice President, Investment Funds for Manulife Financial. The mergers are subject to receiving all necessary regulatory approvals and the approval of affected unitholders at special meetings to be held on May 16, 2003. Prior to the special meetings, additional details of the proposed mergers will be set out in a management information circular, which will be distributed to unitholders of these funds. If approved, the mergers will take effect on or about May 23, 2003. 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 investment contracts. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$146.2 billion as at December 31, 2002. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. -30- For media inquiries or to arrange an interview, please contact: Rahim Rajpar Marketing Manager (416) 852-7570 rahim_rajpar@manulife.com |
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