Maybe you're approaching retirement. Maybe you've already left work. Or maybe you've accumulated a pool of assets and want to access a regular stream of money to help finance the "extras" in your life. When you're ready to draw a regular income from your investments, you have several choices.

Series T is a structure that is added to existing funds to provide tax-efficient cash flow from distributions paid on a monthly basis. When you invest in a Series T fund, depending on the fund itself, all or a significant portion of the distribution you receive is likely to be classified as tax-free "return of capital" payments, while the bulk of your savings can continue to grow in a diversified mutual fund.

Series T funds can provide the following features and benefits:

  • Regular monthly income – Distributions are set at the beginning of each year so you know exactly how much you'll receive each month
  • Sustainable cash flow – The target annual payout resets each year to help protect your investment and enable it to support your long-term cash flow needs
  • Tax efficiency – An attractive blend of tax-efficient income and tax-deferral benefits, as well as the potential to reduce government clawbacks
  • Potential investment growth – You remain invested in your mutual fund to provide for continued investment growth
  • Customizable cash flows – The customizable cash flow option allows you to customize your monthly cash flow up to a fund's maximum payout rate of 6 or 8 per cent

Funds Available

1 On April 6, 2018, the Manulife Canadian Stock Class was renamed the Manulife Fundamental Equity Class. On April 20, 2018, Manulife Canadian Opportunities Class merged into the Manulife Fundamental Equity Class. Because the fund that was merged into the Manulife Fundamental Equity Class had a larger asset base than the Manulife Fundamental Equity Class, the performance data for the Manulife Fundamental Equity Class may not be provided for any period prior to the merger transaction. 2 Formerly Manulife International Dividend Income Fund 3 This Fund has been capped to all new purchases as of November 8, 2013 4 This Fund has been capped to all new purchases as of March 28, 2013 5 Formerly Manulife Global Tactical Credit Fund. 6 This Series was capped to new purchases on July 30, 2014. 7 Formerly Standard Life Aggressive Portfolio. 8 Formerly Standard Life Conservative Portfolio. 9 Formerly Standard Life Dividend Growth & Income Portfolio Class. 10 Formerly Standard Life Growth Portfolio Class. 11 Formerly Standard Life Moderate Portfolio. 12 Formerly Manulife U.S. Opportunities Class. 13 Formerly Manulife Canadian Equity Balanced Class. 14 Formerly Manulife Canadian Focused Class. 15 Formerly Manulife Canadian Focused Fund. 16 On April 20, 2018, the Manulife Preferred Income Class merged into the Manulife Dividend Income Class. 17 On April 20, 2018, the Manulife U.S. Dollar Floating Rate Income Fund merged into the Manulife U.S. Dollar Strategic Income Fund 18 Formerly Manulife U.S. Tactical Credit Fund. On May 25, 2018, Manulife High Yield Bond Fund merged into Manulife U.S. Unconstrained Bond Fund. 19 Formerly Manulife Canadian Stock Fund. On May 25, 2018 the Manulife Canadian Opportunities Fund merged into the Manulife Fundamental Equity Fund 20 On May 25, 2018 the Manulife Conservative Income Fund merged into the Manulife Yield Opportunities Fund.

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