Tuesday, May 16, 2006

Manulife Owns 31.3% of Seamark

Dow Jones, 16 May 2006

Seamark Asset Management Ltd.'s president and chief executive, Stuart R. Raftus, has purchased 130,000 shares of Seamark from Seamark's chairman and chief investment officer, G. Peter Marshall, and 320,000 shares from a unit of Manulife Financial Corp., at C$8.40 a share.

Seamark, a Halifax, N.S. investment management company, said that, following these transactions Marshall will continue to own 1,370,000 shares and Manulife will continue to own 3,355,900 shares of Seamark, representing 12.8% and 31.3%, respectively, of the total shares outstanding.