Business & Finance
Thu, July 14, 2011Wed, July 13, 2011Tue, July 12, 2011Mon, July 11, 2011Sun, July 10, 2011Sat, July 9, 2011Fri, July 8, 2011Thu, July 7, 2011Wed, July 6, 2011Tue, July 5, 2011Mon, July 4, 2011Sun, July 3, 2011Sat, July 2, 2011Fri, July 1, 2011Thu, June 30, 2011Wed, June 29, 2011Tue, June 28, 2011Mon, June 27, 2011Manulife Strategic Income Opportunities Fund (TSX:MSO.UN) Announces Exercise of Over-Allotment Option
Published in Business and Finance on Wednesday, July 6th 2011 at 7:06 GMT by Market Wire
TORONTO, July 6, 2011 /CNW/ - Manulife Investments announces that the Syndicate of Agents for its initial public offering of the Manulife Strategic Income Opportunities Fund ("the Fund"), a closed-end investment fund, has exercised its over-allotment option and acquired an additional 300,000 units (the "Units") of the Manulife Strategic Income Opportunities Fund. In total, the Manulife Strategic Income Opportunities Fund issued 10,300,000 Units pursuant to its initial public offering, yielding gross proceeds of $103,000,000. The Units are listed on the Toronto Stock Exchange under the symbol MSO.UN.
The Syndicate of Agents for this offering was led by RBC Capital Markets and included CIBC, BMO Capital Markets, Manulife Securities Incorporated, Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., National Bank Financial Inc., Canaccord Genuity Corp., Mackie Research Capital Corporation, Raymond James Ltd. and Wellington West Capital Markets Inc.
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, guaranteed interest contracts and structured products. Manulife structured products are managed by Manulife Asset Management Limited.
About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed-income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at March 31, 2011, assets under management for institutional clients were C$211 billion (US$217 billion). Additional information about Manulife Asset Management can be found at [ ManulifeAM.com ]. Prior to December 15, 2010, Manulife Asset Management was known as MFC Global Investment Management.
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 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. 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 C$478 billion (US$492 billion) as at March 31, 2011. 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 ].
