Mr. Jordy Chilcott reports

MANULIFE INVESTMENT MANAGEMENT LIMITED ANNOUNCES CHANGES TO MUTUAL FUND OFFERING

Manulife Financial Corp.'s Manulife Investment Management Ltd. has made changes including management fee reductions and a fund termination which will affect the funds herein in its mutual fund offering.

"At Manulife Investment Management, we continually work to ensure our funds are priced competitively and are delivering value to our securityholders," said Jordy Chilcott, head of retail intermediary distribution, Canada, Manulife Investment Management. "A recent review of our lineup identified an opportunity to enhance our pricing attractiveness on certain products."

Fund termination

Effective on or about July 5, 2024, Manulife Investment Management will terminate Manulife Global Core Plus Bond Fund and distribute the proceeds accordingly on that date. This change will help streamline its platform of actively managed investments and further its commitment to offering diverse, strong-performing products to help Canadian investors achieve their goals.

Prospectus-qualified securities of the Manulife Global Core Plus Bond Fund will no longer be available for new purchases or money in switches effective as of 4 p.m. ET on March 19, 2024. This includes purchases through automatic investment services such as preauthorized chequing plans, dollar-cost averaging or automatic rebalancing services. Prior to the termination date, impacted investors are encouraged to contact their adviser to discuss the financial and tax implications of this termination and to discuss options, including how to switch their assets to another Manulife Investment Management mutual fund that meets their individual investment needs and circumstances.

About Manulife Investment Management Ltd.

Manulife Investment Management is the brand for the global wealth and asset management segment of Manulife Financial. Its mission is to make decisions easier and lives better by empowering investors for a better tomorrow. Serving more than 17 million individuals, institutions and retirement plan members, Manulife Investment believes its global reach, complementary businesses and the strength of its parent company position it to help investors capitalize on today's emerging global trends. Manulife Investment provides its clients access to public and private investment solutions across equities, fixed-income, multiasset, alternative and sustainability-linked strategies, such as natural capital, to help them make more informed financial decisions and achieve their investment objectives. Not all offerings are available in all jurisdictions.