Manulife Mutual Funds Friday announced that Manulife Global Infrastructure Fund will change its distribution policy from an annual basis to a fixed quarterly distribution targeted to be 1.6% per year.
The first distribution payment is scheduled for the end of June.
In addition, Manulife has decided to increase the trailer fee compensation by 10 basis points, from 0.75% to 0.85% on the front-end options of Manulife Preferred Income Fund and Manulife Diversified Income Portfolio (Advisor Series and Series T) effective April 1.