C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, May 19, 2017 /CNW/ - Manulife Investments today
announced the receipt of the required approvals from
securityholders to proceed with the previously announced mutual
fund mergers.
Applicable securityholders of each of the following terminating
funds have provided their approval of the applicable fund
mergers:
Terminating
Fund
|
Continuing
Fund
|
Merger Date – On
or
about:
|
Manulife Leaders
Opportunities Portfolio
|
Manulife Growth
Portfolio
|
June 2, 2017
|
Manulife Portrait
Dividend
Growth & Income Portfolio
Class
|
Manulife Growth
Portfolio
|
June 2, 2017
|
Manulife Portrait
Growth
Portfolio Class
|
Manulife Growth
Portfolio
|
June 2, 2017
|
Notwithstanding the receipt of the requisite securityholder
approval, the mergers of these funds also require the approval of
the Canadian securities regulators before such mergers may be
effected. Although no assurance can be provided, Manulife
Investments expects that such approvals will be received.
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management
Limited, builds on 125 years of Manulife's wealth and investment
management expertise in managing assets for Canadian investors. As
one of Canada's leading integrated
financial services providers, Manulife Investments and its
affiliates offer a variety of products and services including
exchange traded funds, segregated fund contracts, mutual funds,
annuities and guaranteed interest contracts.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate 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
2016, we had approximately 35,000 employees, 70,000 agents, and
thousands of distribution partners, serving more than 22 million
customers. As of March 31, 2017, we
had $1 trillion (US$754 billion) in assets under management and
administration, and in the previous 12 months we made almost
$26.3 billion in payments to our
customers. Our principal operations are in Asia, Canada
and the United States 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