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2011 News Releases

For Immediate Release

October 19, 2011

Manulife Mutual Funds receives approval for fund mergers

TorontoManulife Mutual Funds, a division of Manulife Asset Management Limited, has received the required approvals from securityholders and regulators to proceed with three trust fund mergers and two corporate class mergers, to occur at the close of business on or about November 4, 2011.

“These fund mergers create a stronger and more focused product offering from Manulife Mutual Funds,” said Jeff Ray, Assistant Vice President, Manulife Mutual Funds and Structured Products. “We expect the mergers will, over time, lower the cost of fund administration for investors by spreading operating costs and expenses across a greater pool of assets.”

The proposed mergers were originally announced on August 16, 2011, following the approval of the Independent Review Committee of Manulife Mutual Funds. Certain mergers also required the approval of a majority of securityholders in the Funds by proxy or in person at a special meeting that was held on Wednesday, October 19, 2011.

Tax-Deferred Trust Fund Mergers (on or about November 4, 2011)
For the trust fund mergers listed below, Manulife Mutual Funds has received all approvals, including approval from securityholders of Manulife Canadian Focused Fund, Manulife Global Monthly Income Fund and Manulife U.S. Mid-Cap Fund. These fund mergers are expected to be completed at the close of business on or about November 4, 2011.

Terminating Fund

Continuing Fund

Manulife Diversified Canada Fund 

Manulife Canadian Focused Fund

Manulife Canadian Balanced Growth Fund  

Manulife Value Balanced Fund

Manulife Global Monthly Income Fund  

Manulife Diversified Income Portfolio (formerly Manulife Simplicity Income Portfolio  

Manulife U.S. Mid-Cap Fund  

Manulife U.S. All Cap Equity Fund  

Tax-Deferred Corporate Class Mergers (on or about November 4, 2011)
For the corporate class mergers listed below, Manulife Mutual Funds has received all approvals, including approval from securityholders of Manulife Canadian Focused Class, Manulife Global Leaders Class and Manulife Global Opportunities Class. These fund mergers are expected to be completed at the close of business on or about November 4, 2011. 

Terminating Fund

Continuing Fund  

Manulife Diversified Canada Class  

Manulife Canadian Focused Class  

Manulife Global Leaders Class  

Manulife Global Opportunities Class  

With respect to all of the mergers, effective as of the close of business on or about November 1, 2011, each Terminating Fund will cease distribution of new securities, except purchases under existing pre-authorized chequing plans and dollar cost averaging plans. Securityholders will have the right to redeem the securities of each Terminating Fund up to the close of business on the effective date of each merger. Following the mergers, pre-authorized chequing plans, systematic withdrawal plans and dollar cost averaging plans, which had been established with respect to a Terminating Fund, will be re-established with respect to the corresponding Continuing Fund, unless securityholders advise Manulife Mutual Funds otherwise. Each Terminating Fund will be wound-up or formally terminated as soon as possible after completion of its merger.

About Manulife Mutual Funds
Manulife Mutual Funds builds on over 120 years of Manulife Financials wealth and investment management expertise to provide Canadian investors with a diverse portfolio of forward-thinking mutual fund products. Our award-winning Portfolio Managers offer access to markets in Canada, United States and around the world, in a range of investment styles to help meet individual needs. Manulife Mutual Funds is a division of Manulife Asset Management Limited and part of Manulife Investments (the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offers personal wealth management products and services in Canada).

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 , guaranteed investment contracts and structured products. 

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 21 countries and territories worldwide. For more than 120 years, clients have looked to Manulife for 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 provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were Cdn$481billion (US$498 billion) as at June 30, 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 www.manulife.com.

For more information, please contact Manulife Customer Service at 1-888-333-3240.

Media contact:
Michael May
AVP, Media Relations
Manulife Financial – Canadian Division
1-519-594-2660
michael_may@manulife.com