Manulife Investments Announces Estimated Special Distribution for Class A and Class U Units of Manulife U.S. Regional Bank Trust

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Manulife Investments Announces Estimated Special Distribution for Class A and Class U Units of Manulife U.S. Regional Bank Trust

Canada NewsWire

C$ unless otherwise stated
TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Dec. 20, 2018 /CNW/ - Manulife Investments today announced that a special distribution by Manulife U.S. Regional Bank Trust (the "Fund") (TSX:  MBK.UN) for 2018 year-end tax purposes in the estimated amount of C$1.15933 per Class A Unit of the Fund and the estimated amount of US$0.90495 per Class U Unit of the Fund consisting of capital gains, will be paid on December 31, 2018 to unitholders of record as of December 31, 2018.

The special distribution will be paid in addition to the Fund's monthly distribution as announced on December 18, 2018. The special distribution will not be paid in cash, but will be reinvested automatically in additional units of the respective Class of the Fund, and immediately consolidated so that the number of units held by each unitholder will not change because of the special distribution. Unitholders holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their investment.

The actual taxable amounts, including the tax characteristics, will be reported to brokers through Clearing and Depository Services Inc. in early 2019.

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 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 September 30, 2018, we had over $1.1 trillion (US$863 billion) in assets under management and administration, and in the previous 12 months we made $27.6 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/December2018/20/c1121.html

Copyright CNW Group 2018

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