US taxpayers investing in Manulife mutual funds to have the option to make the US QEF election
TSX/NYSE/PSE: MFC SEHK:945
TORONTO, Dec. 17, 2014 /CNW/ - Manulife Investments, a division of Manulife Asset Management Limited, today announced that it will provide its investors who are US taxpayers, with information to allow them the option to make a special tax election, the Qualified Electing Fund (QEF) election, when filing their US tax return for 2014.
"Taxes are an important consideration of any investment decision" said Derek Saliba, Assistant Vice President, Manulife Investments. "We are providing this information to US taxpayers investing in our funds so that they have the option to make the QEF tax election when filing their US tax return."
Manulife Investments will provide Passive Foreign Investment Company (PFIC) Annual Information Statements for 54 funds. These statements contain information that will enable US taxpayers to elect to treat these funds as QEFs should they choose to do so based on the advice of their tax advisor in light of their tax circumstances.
"It is important that investors both have the information to complete their tax filing obligations and consult with their advisor and tax professional on these issues as they can be complex" said John Natale, Assistant Vice President Tax and Retirement Services, Manulife.
PFIC Annual Information Statements for the 2014 calendar year will be available for the following 54 Manulife mutual funds:
Manulife Asia Total Return Bond Fund |
Manulife Bond Fund |
Manulife Canadian Bond Class |
Manulife Corporate Bond Class |
Manulife Corporate Bond Fund |
Manulife Dividend Income Fund |
Manulife Emerging Markets Debt Fund |
Manulife Floating Rate Income Class |
Manulife Floating Rate Income Fund |
Manulife Global Balanced Fund |
Manulife Global Equity Class |
Manulife Global Opportunities Balanced Fund |
Manulife Global Tactical Credit Fund |
Manulife High Yield Bond Fund |
Manulife International Value Equity Class |
Manulife International Value Equity Fund |
Manulife Money Fund |
Manulife Monthly High Income Class |
Manulife Monthly High Income Fund |
Manulife Short Term Bond Fund |
Manulife Strategic Balanced Yield Class |
Manulife Strategic Balanced Yield Fund |
Manulife Strategic Income Class |
Manulife Strategic Income Fund |
Manulife U.S. All Cap Equity Class |
Manulife U.S. All Cap Equity Fund |
Manulife U.S. Dollar Floating Rate Income Fund |
Manulife U.S. Dollar Strategic Balanced Yield Fund |
Manulife U.S. Dollar U.S. All Cap Equity Fund |
Manulife U.S. Large Cap Equity Fund |
Manulife U.S. Monthly High Income Fund |
Manulife U.S. Opportunities Fund |
Manulife World Investment Fund |
Manulife Yield Opportunities Class |
Manulife Yield Opportunities Fund |
Manulife Balanced Equity Private Pool |
Manulife Balanced Income Private Pool |
Manulife Balanced Income Private Trust |
Manulife Canadian Balanced Private Pool |
Manulife Canadian Equity Private Pool |
Manulife Canadian Fixed Income Private Pool |
Manulife Canadian Fixed Income Private Trust |
Manulife Corporate Fixed Income Private Pool |
Manulife Corporate Fixed Income Private Trust |
Manulife Dividend Income Private Pool |
Manulife Global Balanced Private Trust |
Manulife Global Equity Private Pool |
Manulife Global Fixed Income Private Pool |
Manulife Global Fixed Income Private Trust |
Manulife Money Market Private Trust |
Manulife U.S. Balanced Private Pool |
Manulife U.S. Balanced Private Trust |
Manulife U.S. Equity Private Pool |
Manulife U.S. Fixed Income Private Trust |
For more information, please contact Manulife Customer Service at 1-888-588-7999.
On or about March 23, 2015, PFIC Annual Information Statements will be posted to the following website: manulifemutualfunds.ca.
Forward Looking Statements
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund, the Manager and/or the Advisor. The forward-looking statements are not historical facts but reflect the Fund's, the Manager's, and/or the Advisor's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, the Manager, and/or the Advisor believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, the Manager and/or the Advisor undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
About Manulife Investments
Manulife Investments, a division of Manulife Asset Management Limited, builds on 125 years of Manulife's wealth and investment management expertise in managing assets for Canadian investors. 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 and guaranteed interest contracts.
About Manulife
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers' 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 and its subsidiaries were approximately C$663 billion (US$591 billion) as at September 30, 2014.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
SOURCE: Manulife Financial Corporation
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