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Manulife Investments to cap its flagship Monthly High Income Fund


Due to capacity concerns and guided by investors' best interests, Manulife Ivestments is to cap the Manulife Monthly High Income Fund (MOHI).

This Fund, along with the related Manulife Monthly High Income Class and Manulife Canadian Balanced Private Pool, will be capped on Friday, 28 August, 2015 at 4:00 PM (EST).
"Manulife Investments takes its responsibility to manage its funds with the highest degree of stewardship very seriously," says Derek Saliba, Assistant Vice President, Mutual Fund Products. "Slowing the growth of assets in the funds will maintain the flexibility to continue to invest assets in line with the management team's disciplined approach."
"Capping the funds allows us to continue investing in the same manner that we have done for the past 17 years for our clients and partners," says Alan Wicks (pictured), Senior Managing Director and Senior Portfolio Manager, Manulife Asset Management Ltd. "Given our unique scalable and repeatable process, the success of the funds, in terms of both performance and asset accumulation, and the concentration of the Canadian market, capping will allow us to continue investing in this manner without having to alter our process. This same process will continue to be available to investors through other mandates, managed by the Value Equity team, such as Manulife US Monthly High Income Fund and Manulife Dividend Income Fund."
Manulife Monthly High Income Fund, Manulife Monthly High Income Class, and Manulife Canadian Balanced Private Pool will be capped to all new and ongoing purchases, supplementary deposits and new pre-authorized chequing (PAC) plans. Switches into these funds will not be accepted. The capping also applies to segregated fund contracts for which these were underlying funds.
Established in 1996 by Alan Wicks, the Value Equity Team manages over $15B in AUM across multiple mandates that span the entire globe, and consists of 10 members including Duncan Anderson, Jonathan Popper and Conrad Dabiet.
In its 17 years, the Manulife Monthly High Income Fund has proven to be among the most stable and durable funds in the Canadian Neutral Balanced Fund category (overall 5-Star* Morningstar rating). With this as a standard, Manulife Investments provides industry-leading investment solutions to investors and advisors including the following investment alternatives:
        •      Manulife Strategic Dividend Bundle
        •      Manulife US Monthly High Income Fund
        •      Standard Life Monthly Income Fund/Standard Life Monthly Income Class
        •      Manulife US Balanced Value Private Pool
        •      Manulife Canadian Growth and Income Private Trust

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