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Manulife Investment Management Reduces Management Fees
on Three Mutual Funds

 

 

February 27, 2020

 

TORONTO - Manulife Investment Management today announced its anticipated monthly cash distribution for 2020 for Manulife Floating Rate Senior Loan Fund (TSX: MFR.UN) will be C$0.05625 per Class A Unit (or C$0.675 per annum) or US$0.05625 per Class U Unit (or US$0.675 per annum).  The anticipated monthly cash distribution for 2020 for Manulife U.S. Regional Bank Trust (TSX: MBK.UN) will be C$0.04160 per Class A Unit (or C$0.4992 per annum) or US$0.04160 per Class U Unit (or US$0.4992 per annum).

Manulife Investment Management annually determines its anticipated monthly distribution targets for the following year.  The distribution rates were determined based upon prevailing market conditions and the Manager’s estimate of distributable cash flow for the 12 months ending December 31, 2020.

 

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity.

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had C$854 billion (USD$645 billion) in assets under management and administration as of September 30, 2019[1]. Not all offerings available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com

 

[1] MFC financials. Global Wealth and Asset Management AUMA as of September 30, 2019 was C$854 billion and includes C$195 billion of assets managed on behalf of other segments and C$140 billion of assets under administration.

 

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of September 30, 2019, we had over $1.2 trillion (US$881 billion) in assets under management and administration, and in the previous 12 months we made $29.8 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

 

Media Contact              

Giovana Chichito

Manulife

(647) 702-4704

Giovana_Chichito@Manulife.com

 

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