C$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, July 10, 2019 /CNW/ - Manulife Investment
Management announced today that the Manulife Floating Rate Senior
Loan Fund (the "Fund"), a closed-end investment fund, received
acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's
Notice of Intention to make a Normal Course Issuer Bid (the
"NCIB").
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 1,203,287 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 12,032,877 Class A
Units as of the close of business on June
27, 2019. The Fund will not purchase in any given 30-day
period, in the aggregate, more than 240,657 Class A Units, being 2%
of the issued and outstanding Class A Units as of the close of
business on June 27, 2019. Purchases
of Class A Units under the NCIB may commence on July 12, 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 July 11,
2020.
On July 10, 2018, the Fund
announced that it was making a NCIB, which commenced on
July 12, 2018, to purchase up to
1,360,377 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 July 11, 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 $837 billion in assets under management and
administration as of March 31,
20191. Not all offerings available in all
jurisdictions. For additional information, please visit our
website at manulifeinvestmentmgt.com.
1. Source: MFC financials. Global Wealth and Asset Management
AUMA at March 31, 2019 was
$837 billion and includes
$189 billion of assets managed on
behalf of other segments and $134
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. We operate primarily
as John Hancock in the United States and Manulife elsewhere. 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 March 31,
2019, we had over $1.1
trillion (US$849 billion) in
assets under management and administration, and in the previous 12
months we made $29.4 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. With our global
headquarters in Toronto, Canada,
we trade as 'MFC' on the Toronto,
New York, and the Philippine stock
exchanges and under '945' in Hong
Kong.
SOURCE Manulife Financial Corporation