Manulife Investments, a division of Manulife Asset Management Ltd., said Thursday it has received approvals from securityholders to proceed with several previously announced proposed fund mergers.
It is anticipated that the merger of Manulife Global Opportunities Class into Manulife Global Dividend Class will be implemented at the close of business on October 24.
For the mergers listed below, it is currently anticipated that they will be implemented on November 7.
Terminating Fund |
Continuing Fund |
Manulife Balanced Income |
Manulife Balanced Income Private Trust |
Manulife Global Fixed |
Manulife Global Fixed Income Private Trust |
Manulife Canadian |
Manulife Canadian Fixed Income Private Trust |
Manulife Corporate Fixed Income Private Pool |
Manulife Corporate Fixed Income Private Trust |
Notwithstanding the receipt of the requisite securityholder approval, the November mergers require the approval of the Canadian securities regulators before such mergers may be effected. Although no assurance can be provided, Manulife Investments expects that such approvals will be received.