Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 423,340 Class A Units of the Fund, representing 10% of the public float, which is the same number as the Fund’s issued and outstanding Class A Units, being 4,233,400 Class A Units as of the close of business on September 3, 2019. The Fund will not purchase in any given 30-day period, in the aggregate, more than 84,668 Class A Units, being 2% of the issued and outstanding Class A Units as of the close of business on September 3, 2019. Purchases of Class A Units under the NCIB may commence on September 17, 2019. Manulife Investment Management Limited, the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund’s assets. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Class A Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on September 16, 2020.
On September 13, 2018, the Fund announced that it was making a NCIB, which commenced on September 17, 2018, to purchase up to 481,356 Class A Units through the facilities of the TSX. The Fund did not repurchase any Class A Units under the bid. The bid will expire on September 16, 2019.
For more information, please contact Manulife customer service at: 1-888-333-3240.
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$844 billion (USD $645 billion) in assets under management and administration as of June 30, 20191. Not all offerings available in all jurisdictions. For additional information, please visit our web.
1. Source: MFC financials. Global Wealth and Asset Management AUMA at June 30, 2019 was C$844 billion and includes C$191 billion of assets managed on behalf of other segments and C$136 billion of assets under administration.