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TSX/NYSE/PSE: MFC
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SEHK:945
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TORONTO, Aug. 1, 2014 /CNW/ - Manulife Investments is pleased to announce that Manulife U.S. Regional
Bank Trust (the "Fund") has completed the issuance of 530,000 Class A
Units for gross proceeds of $5.3 million. This issuance was pursuant to
the exercise of the over-allotment option granted to the agents in
connection with the Fund's recently completed initial public offering.
With the exercise of the over-allotment option, total gross proceeds
raised by the Fund are approximately $113.3 million. Class A Units are
listed on the Toronto Stock Exchange under the symbol MBK.UN.
The offering was conducted by a syndicate of Agents co-led by RBC
Capital Markets and CIBC World Markets Inc. that included Scotia
Capital Inc., TD Securities Inc., BMO Capital Markets, National Bank
Financial Inc., GMP Securities L.P., Manulife Securities Incorporated,
Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities
Inc., Dundee Securities Limited and Mackie Research Capital
Corporation.
The Class A Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any
state of the United States, and may not be offered or sold, directly or
indirectly, in the United States (as defined in Regulation S under the
U.S. Securities Act) unless registered under the U.S. Securities Act
and applicable securities laws of any state of the United States or in
reliance on an exemption from such registration requirements. This news
release does not constitute an offer to sell, or a solicitation of an
offer to buy any of the Fund's securities set out herein in the United
States.
Forward Looking Statements
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 Fund, Manulife Asset
Management Limited (the "Manager") and/or Manulife Asset Management
(US) LLC (the "Advisor"). The forward-looking statements are not
historical facts but reflect the Fund's, the Manager's, and/or the
Advisor'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 Fund, the Manager,
and/or the Advisor 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. The Fund, the Manager and/or the Advisor
undertakes no 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, a division of Manulife Asset Management Limited,
builds on 125 years of Manulife Financial's wealth and investment
management expertise in managing assets for Canadian investors. 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 and guaranteed
interest contracts.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife
Financial, providing comprehensive asset management solutions for
institutional investors and investment funds in key markets around the
world. This investment expertise extends across a broad range of public
and private asset classes, as well as asset allocation solutions. As at
March 31, 2014, assets under management for Manulife Asset Management
were C$298 billion (US$269 billion).
Manulife Asset Management's public markets units have investment
expertise across a broad range of asset classes including public equity
and fixed income, and asset allocation strategies. Offices with full
investment capabilities are located in the United States, Canada, the
United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia,
Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife
Asset Management has a joint venture asset management business in
China, Manulife TEDA. The public markets units of Manulife Asset
Management also provide investment management services to affiliates'
retail clients through product offerings of Manulife and John Hancock.
John Hancock Asset Management and Declaration Management and Research
are units of Manulife Asset Management. Additional information about
Manulife Asset Management may be found at ManulifeAM.com.
About Manulife
Manulife 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 and its
subsidiaries were approximately C$635 billion (US$574 billion) as at
March 31, 2014. Our group of companies operates as Manulife 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 can be found on the Internet at manulife.com.
SOURCE Manulife Financial Corporation
