Manulife announces changes to Strategic Income Opportunities Fund

Proposed measures in this year’s budget would affect certain tax benefits gained by taxable unitholders of investment funds that utilize forward purchase and sale agreements to obtain exposure to an underlying reference portfolio.

The Manulife Strategic Income Opportunities Fund’s forward agreement currently allows unitholders to receive tax-advantaged distributions. Based on its review to date, Manulife Asset Management Limited has concluded that the tax-advantaged character of distributions received by unitholders will cease on the expiration of the fund’s forward agreement following the distribution for the month of June 2013, which will be made payable to unitholders of record on June 26, 2013 and prior to the fund’s conversion into an open-ended mutual fund on June 28, 2013.

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