Boston– The Board of Directors of John Hancock Financial Trends Fund, Inc. (NASDAQ: JHFT) (the “Fund”) approved a change in the Fund’s name to “Financial Trends Fund, Inc.” In connection with the name change, the Fund’s trading symbol is changed to “DHFT.” These changes are effective beginning today on NASDAQ.
As previously announced, Diamond Hill Capital Management, Inc. will assume the duties of investment adviser and administrator of the Fund on or about December 1, 2007.
About the Fund
The Fund is a diversified, closed-end fund. The Fund seeks long-term capital appreciation with current income as a secondary objective by investing at least 80% of its assets in stocks of U.S. and foreign financial services companies of any size.
About Manulife Financial and John Hancock
The Boston-based mutual fund business unit of John Hancock Financial Services, John Hancock Funds manages more than $59 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for individual and institutional investors at September 30, 2007. For more information, please visit http://www.jhfunds.com.
John Hancock Financial Services is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399 billion (US$400.5 billion) at September 30, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial may be found on the Internet at http://www.manulife.com.
John Hancock Financial Trends Fund, Inc
John Hancock Advisers, LLC
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FOR MORE INFORMATION, CONTACT:
Russell Page, Director
Barry Evans, President