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Oil Sands Sector Fund Announces Quarterly Distribution


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TORONTO, March 21 /CNW/ - Oil Sands Sector Fund (TSX: OSF.UN) (the "Fund") today announced that a quarterly cash distribution in the amount of $0.125 per unit of the Fund will be paid on April 14, 2011 to unitholders of record as of March 31, 2011.

A unitholder that has continually held units since inception will have received a total of $2.50 per unit as of payment date.

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 funds, mutual funds, annuities and guaranteed investment contracts.

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $475 billion (US$478 billion) as at December 31, 2010. 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 [ www.manulife.com ].


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