/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, May 17, 2013 /CNW/ - Manulife Investments is pleased to announce that the Manulife Floating Rate Senior Loan Fund (the "Fund") has completed its initial public offering of 23,063,949 class A units (the "Class A Units") at a price of $10.00 per Class A Unit and 1,936,051 class U units (the "Class U Units") at a price of US $10.00 per Class U Unit for gross proceeds of approximately $250 million. Class A Units will commence trading today on the Toronto Stock Exchange under the symbol MFR.UN. The Class U Units are designed for investors who want to make their investment in U.S. dollars and will not be listed on a stock exchange, but may be converted into Class A Units on a weekly basis. The Fund has granted to the Agents an over-allotment option to acquire additional Class A Units at a price of $10.00 per Class A Unit exercisable at any time during the next 30 days.