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Manulife Strategic Income Opportunities Fund Announces Details of Conversion into an Open-Ended Mutual Fund

 Manulife Strategic Income Opportunities Fund Announces Details of Conversion
                        into an Open-Ended Mutual Fund

PR Newswire

TORONTO, June 10, 2013

C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK:945



TORONTO, June 10, 2013 /PRNewswire/ - Manulife Strategic Income Opportunities
Fund (TSX: MSO.UN) (the "Fund") confirms that it will complete the previously
scheduled conversion of the Fund into an open-ended mutual fund (the
"Conversion") on June 28, 2013 (the "Conversion Date"). The Fund's units will
be delisted from the Toronto Stock Exchange at the close of business on June
14, 2013, in order to permit the completion of the Conversion.

On the Conversion Date, the outstanding units of the Fund will be
automatically converted to Advisor Series Units on a one-for-one basis and the
Fund will become an open-ended mutual fund with its units redeemable daily on
demand at their net asset value. The name of the Fund will also change to
Manulife Global Tactical Credit Fund on the Conversion Date.

As announced previously by the Fund, Manulife Asset Management Limited, the
manager of the Fund, has concluded that the tax advantaged characterization of
distributions received by Unitholders will cease on the expiration of the
Fund's forward agreement following the Fund's distribution for the month of
June 2013, which will be made payable to Unitholders of record on June 26,
2013. After the Conversion, the Fund will no longer utilize forward purchase
and sale agreements to obtain exposure to an underlying reference portfolio
but will instead invest directly in such securities.

As a result, on and after the Conversion Date, the investment objectives of
the Fund will be to provide Unitholders with monthly distributions and to
preserve capital while providing the opportunity for long-term capital
appreciation. In addition, in accordance with the terms of the Fund's offering
documents, the management fee (inclusive of the amount equal to service fee
payable to dealers) payable, directly or indirectly, by the Fund will increase
following the Conversion Date from approximately 1.50% per annum to 1.70% per
annum with respect to the Advisor Series Units of the Fund and the Fund will
not be able to use leverage.

For more information, please contact Manulife Customer Service at
1-888-333-3240.

About Manulife Investments 
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. 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, guaranteed interest contracts and structured
products. Manulife Structured Products are managed by Manulife Asset
Management Limited.

About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. Clients look to
Manulife for strong, reliable, trustworthy and forward-thinking solutions for
their most 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 Financial and its subsidiaries were C$555 billion
(US$547 billion) as at March 31, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the United
States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '945' on the SEHK. Manulife Financial can be found on the Internet at
manulife.com.

SOURCE Manulife Financial Corporation

Contact:

Media contact:
Brooke Tucker-Reid
Media Relations Consultant
Manulife Financial
416-434-0635
Brooke_Tucker-Reid@manulife.com