On The Shelf: Manulife announces mutual fund mergers

(September 24, 2008) Manulife Mutual Funds has announced it will undertake a handful of fund mergers, having received approval from its Independent Review Committee.

The Manulife U.S. Core Fund will be merged into Manulife Mawer U.S. Equity Fund, while the Manulife AIM Canadian First Class will be merged into Manulife Canadian Equity Class.

The Manulife F.I. Canadian Disciplined Equity Class will be merged into Manulife Canadian Equity Class and the Manulife Trimark Global Class will be merged into Manulife Global Opportunities Class.

“We are making these changes as part of our ongoing effort to streamline our family of investment funds,” said Jeff Ray, assistant vice-president, Mutual Fund Products. “By merging smaller funds with similar mandates, Manulife Mutual Funds will be in a position to generate greater operating efficiencies, achieve greater economies of scale and concentrate resources to better serve the interests of our investors.”

Special meetings will therefore be held on or about December 10, 2008, to approve the mergers involving these three funds. If approved, the mergers should be completed on or about Friday, December 12, 2008.

(08/25/08)

Staff

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