The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Oil Sands Sector Fund Announces Anticipated Distribution for 2013

Friday, January 11, 2013

Oil Sands Sector Fund Announces Anticipated Distribution for 201311:00 EST Friday, January 11, 2013C$ unless otherwise statedTSX/NYSE/PSE: MFC  TORONTO, Jan. 11, 2013 /CNW/ - Oil Sands Sector Fund (TSX: OSF.UN) (the "Fund") is pleased to announce that its quarterly cash distribution for 2013 will be $0.125 per unit or $0.50 per annum.The Fund determines annually its anticipated quarterly distribution target for the following year.  The distribution rate was determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the 12 months ending December 31, 2013.  This represents an annual yield of 8.96 per cent based on a market price of $5.58 per unit on December 31, 2012.For further information, please contact Manulife Customer Service at 1-866-626-3707.About Manulife InvestmentsManulife 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 FinancialManulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look 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 also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$515 billion (US$523 billion) as at September 30, 2012. 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 manulife.com.SOURCE: Manulife Financial CorporationFor further information: For further information, please contact Manulife Customer Service at 1-866-626-3707. Media Contact: Tracy Van Kalsbeek Manulife Financial 519-594-4697 tracy_vankalsbeek@manulife.com