C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK: 945
TORONTO, April 26, 2018 /CNW/ - Manulife Investments (the
"Manager") today announced that it will terminate Oil Sands Sector Fund (the "Fund") (TSX: OSF.UN) on or about June 29, 2018 (the "Termination Date").
Unitholders will not be required to take any action in connection with the termination of the Fund. In connection with the
termination, please note the following:
- The Manager will request that the units of the Fund be de-listed from the Toronto Stock Exchange at the close of business
on June 29, 2018.
- The Manager will distribute the assets of the Fund for an amount equal to the pro-rata share of the net assets of the Fund
remaining after the payment or accrual of all debts, expenses and liabilities and liquidation expenses of the Fund.
- The Fund will not pay its regular quarterly distribution (pertaining to the quarter ending June 29,
2018) nor any final distribution related to the termination of this fund.
- Payment of the termination proceeds will be made on or about July 6, 2018 to the beneficial
holders of such units through CDS Clearing and Depository Services Inc.
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 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 2017, we had about 35,000 employees, 73,000
agents, and thousands of distribution partners, serving more than 26 million customers. As of December 31,
2017, we had over $1.04 trillion (US$829.4 billion) in assets
under management and administration, and in the previous 12 months we made $26.7 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
View original content: http://www.newswire.ca/en/releases/archive/April2018/26/c2530.html