Manulife Investments and CIBC launch dividend note

News in brief

US-based Manulife Investments has partnered with Canadian investment bank CIBC to launch a new deposit note.

The Dividend Growth Deposit Notes, Series 1 is linked to two professionally managed funds and has 100% principal protection at maturity.

The note has a term of 5.5 years with participation in the Elliott & Page Dividend Fund and the Elliott & Page Canadian Equity Fund with potential for 200% exposure to the funds.

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