OREANDA-NEWS. August 31, 2015. Manulife Investments announced today that the Manulife U.S. Regional Bank Trust (the "Fund"), a closed-end investment fund, received acceptance by the Toronto Stock Exchange (the "TSX") of the Fund’s Notice of Intention to make a Normal Course Issuer Bid (the "NCIB").  

Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 990,657 Class A Units of the Fund, representing 10% of the public float which is the same number as the Fund’s issued and outstanding Class A Units, being 9,906,571 Class A Units as of the close of business on August 14, 2015.

The Fund will not purchase in any given 30-day period, in the aggregate, more than 198,131 Class A Units, being 2% of the issued and outstanding Class A Units as of the close of business on August 14, 2015. Purchases of Class A Units under the NCIB may commence on August 28, 2015. Manulife Asset Management Limited, the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund’s assets. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Class A Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on August 27, 2016.

On August 25, 2014, the Fund announced that it was making a Normal Course Issuer Bid, which commenced August 27, 2014, to purchase up to 970,000 Class A Units through the facilities of the TSX. The Fund repurchased a total of 95,900 Class A Units under the bid at a weighted average price per Class A Unit of \\$9.83. The bid will expire on August 26, 2015.