News Column

Canada : Manulife U.S. Regional Bank Trust Files Preliminary Prospectus

May 30, 2014



Manulife Investments is pleased to announce that a preliminary prospectus for Manulife U.S. Regional Bank Trust (the Fund ), a closed-end investment fund, has been filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories for an initial public offering (the "Offering") of Class A Units and Class U Units of the Fund (collectively, the "Units") at a price of $10.00 per Class A Unit and US$10.00 per Class U Unit.

The Fund has been created to invest in an actively managed portfolio (the "Portfolio") comprised primarily of securities of U.S. regional banks and lending companies, including commercial banks and industrial banks, savings and loan associations, and bank and financial holding companies. Manulife Asset Management Limited (the "Manager") will act as trustee, manager and investment manager of the Fund. The Portfolio will be actively managed by Manulife Asset Management (US) LLC (the "Advisor").

The Fund s investment objectives are to: Maximize total return through capital appreciation and distributions; and Provide holders of the Units with monthly distributions.

The Fund's initial target distribution amount is expected to be $0.0416 per Class A Unit per month (or $0.50 per annum), and US$0.0416 per Class U Unit per month (or US$0.50 per annum), representing an initial yield on the original Unit issue price of 5.00% per annum.

The offering is being conducted by a syndicate of Agents co- led by RBC Capital Markets and CIBC, that also includes Scotia Capital Inc., TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Manulife Securities, Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Limited and Mackie Research Capital Corporation.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the dealers noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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.


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Source: TendersInfo (India)


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