TSX/NYSE/PSE: MFC SEHK:945
TORONTO, Nov. 27, 2013 /CNW/ - Manulife Asset Management Limited, the
manager of Copernican World Banks Split Inc. (TSX: CBW.PR.A; CBW)
("Copernican World Banks"), today announced that due to the number of
Preferred Shares retracted under the Special Retraction Right, the
board of directors has decided, as described in the management
information circular dated September 27, 2013, not to proceed with the
Proposal and will take the necessary steps to dissolve Copernican World
Banks. Copernican World Banks will redeem all Class A Shares and
Preferred Shares on December 2, 2013. The payment date for the final
redemption will be December 12, 2013. The Preferred Shares and Class A
Shares of Copernican World Banks will be delisted from the Toronto
Stock Exchange at the close of business November 28, 2013.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and similar
expressions to the extent they relate to the Corporation and/or the
manager. The forward-looking statements are not historical facts but
reflect the Corporation's and/or the manager's current expectations
regarding future results or events. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Although the Corporation and/or the manager believes that
the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein.
Neither the Corporation nor the manager undertake any obligation to
update publicly or otherwise revise any forward-looking statement or
information whether as a result of new information, future events or
other such factors which affect this information, except as required by
law.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation
that offer personal wealth management products and services in Canada.
As one of Canada's leading integrated financial services providers,
Manulife Investments offers a variety of products and services
including segregated fund contracts, mutual funds, annuities,
guaranteed interest contracts and structured products. Manulife
Structured Products are managed by Manulife Asset Management Limited.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$575 billion (US$559
billion) as at September 30, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE Manulife Financial Corporation
