Manulife Floating Rate Senior Loan Fund completes C$283.35 million initial public offering

Closing Date: 5/17/2013

Value: C$283.35 million

On May 17, 2013, Manulife Floating Rate Senior Loan Fund (the Fund) completed its initial public offering of Class A Units and Class U Units at a price of $10.00 per Class A Unit and US$10.00 per Class U Unit for gross proceeds of approximately $250 million. The Agents exercised their over-allotment option on May 31, 2013 which brought the aggregate gross proceeds of the public offering to approximately $283.35 million. The Fund invests in an actively managed portfolio comprised primarily of investments in senior floating rate loans and, to a lesser extent, short duration debt securities.

The offering was made through a syndicate of agents co-led by RBC Capital Markets, CIBC and Scotiabank, and included BMO Capital Markets, Manulife Securities Incorporated, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc. and Mackie Research Capital Corporation (collectively, the Agents).

The Fund and the manager of the Fund, Manulife Asset Management Limited, were represented in-house and assisted by BLG with a team that included Michael DeCosimo and Mark Lau (Corporate and Securities), Gus Karantzoulis and Jenna Grant (Banking and Financial Services) and Craig Webster and Camille Kam (Tax).