TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, April 17, 2014 /CNW/ - Manulife Floating Rate Senior Loan Fund (the "Fund") (TSX:MFR.UN) announced today that a monthly cash distribution in the amount of C$0.05625 per Class A Unit of the Fund and US$0.05625 per Class U Unit of the Fund, will be paid on May 15, 2014 to unitholders of record as of April 30, 2014.
A unitholder who has continually held units since inception will have received a total of C$0.61875 per Class A unit and US$0.61875 per Class U unit as of the payment date.
Also announced today, the Fund's anticipated monthly cash distribution for the 12-month period starting June 1, 2014 will be C$0.05625 per Class A Unit (or C$0.675 per annum) or US$ 0.05625 per Class U Unit (or US$ 0.675 per annum).
The Fund determines annually its anticipated monthly distribution target for the following year. The distribution rate for June 1, 2014 to May 31, 2015 was determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the next 12 months. This represents an annual yield of 6.94% for Class A Units, based on a market price of $9.72 per unit on March 31, 2014. For more information, please contact Manulife Customer Service at 1-888-333-3240.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation
that offer personal wealth management products and services in Canada.
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 Financial
Manulife Financial 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 Financial and its subsidiaries were approximately C$599
billion (US$563 billion) as at December 31, 2013. The Company operates
as Manulife Financial 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 Financial can be found on the Internet at manulife.com.
SOURCE Manulife Financial Corporation
