TSX/NYSE/PSE: MFC SEHK:945
TORONTO, July 10, 2017 /CNW/ - Manulife Investments 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 1,412,612 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 14,126,121 Class A Units as of the close of business on June 28, 2017. The Fund will not purchase in any given 30-day period, in the aggregate, more than 282,522 Class
A Units, being 2% of the issued and outstanding Class A Units as of the close of business on June 28,
2017. Purchases of Class A Units under the NCIB may commence on July 12, 2017. Manulife
Asset 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, 2018.
On June 13, 2016, the Fund announced that it was making a NCIB, which commenced on June 15, 2016, to purchase up to 1,850,305 Class A Units through the facilities of the TSX. The Fund did not
repurchase any Class A Units under the bid. The bid expired on June 14, 2017.
For more information, please contact Manulife customer service at: 1-888-333-3240.
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 Asset Management
Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management
solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as
asset allocation solutions. As at March 31, 2017, assets under management for Manulife Asset Management were approximately
C$477 billion (US$358 billion, GBP£286 billion, EUR€335 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 is a division of Manulife Asset Management.
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
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
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