C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, Sept. 13, 2019 /CNW/ - Manulife Investment
Management announced today that the Manulife U.S. Regional Bank
Trust (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 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 website at
manulifeinvestmentmgt.com.
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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
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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 June 30, 2019, we had over
$1.1 trillion (US$877 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