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Manulife Mutual Funds proposes changes for two E&P Manulife Multi-Advisor Portfolios Toronto – Pending unitholder approval, Manulife Mutual Funds (a division of Elliott & Page Limited) is proposing to change the objectives of the E&P Balanced Asset Allocation Portfolio and the E&P Manulife Maximum Growth Asset Allocation Portfolio:The changes, if approved, would bring the two portfolios in line with practices of similar investment funds offered in Canada, resulting from recent legislation. The changes would allow:
“Our goals with the E&P Manulife Multi-Advisor Portfolios offered by Manulife Mutual Funds remain the same,” said Rick Annaert, Vice President, Investment Products for Manulife Financial. “We will continue to provide industry-leading portfolios enabling investors to meet their investment objectives using pre-determined risk tolerance levels. These changes will allow us to facilitate the management of our asset allocation portfolios with greater ease.” These changes are subject to unitholder approval at special meetings to be held on December 8, 2004. Prior to these meetings, a notice will be mailed to unitholders. If approved, these changes are expected to take place on or about December 15, 2004. 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 investment contracts. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and most of Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$360 billion (US$269 billion) as at June 30, 2004. 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 more information contact:
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