News

2017
Hancock Timber Resource Group Acquires 25,000 Acres of Timberlands in Alabama

2017

Hancock Timber Resource Group Acquires 25,000 Acres of Timberlands in Alabama

Company Has Acquired More Than 60,000 Acres Of High Quality Timberlands In Alabama, Mississippi For Clients In Past Few Months

BOSTON (February 23, 2016)—The Hancock Timber Resource Group has completed the acquisition of approximately 25,000 acres of timberlands in Alabama from Rayonier Inc.

This transaction is a follow-on to another transaction completed in late 2016 where Hancock Timber acquired approximately 37,000 acres of timberlands in Mississippi and Alabama from Rayonier.

“We are very pleased to secure additional high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “These properties are located in an area of the US South with deep and diverse markets for forest products. We will be able to supply solid wood and fiber to a variety of facilities in southern Alabama, western Georgia, and northern Florida. We look forward to managing them to their highest potential.”

As with the previous acquisition, the timberlands are stocked with well-managed southern pine plantations and hardwoods. The timberlands will be managed by Hancock Forest Management, the organization’s integrated property management group. Hancock Timber has approximately 280,000 acres of timberland under management in Mississippi and Alabama, 1.8 million acres in the US South and almost six million acres globally.

In late 2016, Hancock Timber celebrated the planting of its one billionth tree since the organization’s founding in 1985. At an event in McCloud, California at the McCloud Forest, one of the company’s longest held properties, the one billionth tree was planted and dedicated to the company’s employees, stakeholders, business partners and future generations.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management. Based in Boston, it manages approximately 5.8 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

 About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at September 30, 2016, assets under management for Manulife Asset Management were approximately   C$450 billion (US$343 billion, GBP£263 billion, EUR€305 billion).

Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies.  Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management is a division of Manulife Asset Management. Additional information about Manulife Asset Management may be found at ManulifeAM.com.

About Manulife

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2016, we had $966 billion (US$736 billion) in assets under management and administration, and in the previous 12 months we made more than $24.4 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit manulife.com or johnhancock.com.

2016
Hancock Timber Resource Group Celebrates Planting of One Billion Trees Since its Founding

2016

Hancock Timber Resource Group Celebrates Planting of One Billion Trees Since its Founding

Organization Has Planted More Than Two Trees for Every Tree Harvested Since 1985, Average of 32 Million Trees Per Year

BOSTON (November 22, 2016)—The Hancock Timber Resource Group is celebrating the planting of its one billionth tree since the organization’s founding in 1985.

The Boston-based timberland investment management organization recently celebrated the milestone with a group of conservation stakeholders at an event in McCloud, California at the McCloud Forest, one of the company’s longest held properties.

“It is an honor to be leading our organization as we recognize this achievement, but what we truly celebrate today are the hundreds of Hancock Timber and Hancock Forest Management employees who have managed our forests since 1985. Their hard work and commitment every day make our long held belief that ‘good stewardship is good business’ a reality,” said Bill Peressini, HNRG Chief Executive Officer. “We also greatly appreciate our partnerships with conservation organizations. We look forward to working together to conserve working forests, which in turn will address critical issues including land use, water quality and climate change.”

“Sustainability is a core value of our organization. We plant roughly two trees for every tree we harvest, an average of more than two and a half million a month for the last 30 years,” said Brent Keefer, president of the Hancock Timber Resource Group. “Even before we harvest, we have plans in place to replant. Most of us won’t be around to see those seedlings grow to maturity, but future generations will benefit from these forests.”

The one billionth tree planted in McCloud was dedicated to the company’s employees, stakeholders, business partners and future generations.

“Working forests are part of the essential green infrastructure of this country. They provide us with clean air to breathe, clean water to drink, habitat for wildlife, recreational opportunities and support more than 2 million jobs. In addition, they are a critical part of our nation’s efforts to address climate change,” said Larry Selzer, President and Chief Executive Officer of The Conservation Fund. “Hancock has been at the forefront of the sustainable management of our nation’s working forests for more than three decades, conserving sites with high conservation value, promoting forest certification, and reforesting timberlands after harvest. This is a tremendous milestone for the company and we are proud to partner with them.”

Mr. Keefer noted that the one billion seedlings, a $1.1 billion investment, have been planted on the properties it manages in the United States, Canada, South America, New Zealand and Australia. These trees will provide enough wood to build more than 2 million homes and will store over their lifetime more than 730 million metric tons of carbon dioxide emissions. The seedlings would be enough to entirely reforest every acre within Rhode Island and Delaware, or create a six lane wide forest from Boston to San Francisco.

All of Hancock Timber’s lands in North America, South America, Australia and New Zealand are certified by third-party auditors as sustainably managed, primarily through the Sustainable Forestry Initiative® (SFI®) program and Forest Stewardship Council® (FSC®).

“We celebrate this significant and remarkable milestone with Hancock Timber,” said Elizabeth Woodworth, SFI’s Vice President of Communications and Community Engagement. “One billion trees can certainly be quantified. However, the benefits from those forests are immeasurable. We all enjoy clean air to breathe, clean water to drink, wildlife habitat and the myriad products that come from the millions of acres of Hancock-managed forests in the US certified to the SFI Standard. Hancock is truly a leader in environmental stewardship and SFI is proud to be a part of their responsible forestry framework.”

Another key aspect of the organization’s stewardship ethic is its Sensitive Lands Program. Hancock Timber has worked with numerous public agencies and private conservation groups to permanently protect and conserve more than 440,000 acres of land with vital environmental, recreation, scenic or historic value.

“The program benefits our clients because they receive fair market value for their property, and the public benefits because vital natural resources are protected,” Mr. Keefer said. The McCloud Dogwood Butte Working Forest Conservation Easement is a perfect example of the program in action.”

In July, Hancock Timber and the Pacific Forest Trust concluded an easement which permanently protects water resources, wildlife habitat, and jobs on the McCloud property, which will remain a working forest in perpetuity. Guided by the conservation easement terms, Hancock will continue to manage the forest for ecological and economic benefits.

“We were proud to partner with Hancock on this project. We applaud their long time commitment to conservation,” said Connie Best, Co-CEO of Pacific Forest Trust. “As California’s mountain headwaters region is a mix of public and private forestlands, we appreciate the commitment to protecting McCloud Dogwood Butte and other private forests in the Mount Shasta area, which are so important to ensuring the integrity of the watershed and keeping water sources safe for all the downstream cities and farms that depend on them.”

The McCloud River flows to Lake Shasta, benefiting 25 million Californians downstream. This partnership increased the network of privately owned working forests conserved by Pacific Forest Trust in the McCloud watershed to more than 30,000 acres.

 

 

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.3 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

Hancock Timber Resource Group Acquires 37,000 Acres of Timberlands in Mississippi and Alabama

2016

Hancock Timber Resource Group Acquires 37,000 Acres of Timberlands in Mississippi and Alabama

BOSTON (November 1, 2016)—The Hancock Timber Resource Group has completed the acquisition of approximately 37,000 acres of timberlands in Mississippi and Alabama from Rayonier Inc.

“We continually seek to secure high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “We are very pleased to acquire these properties which are located in an area of the US South with deep and diverse markets for forest products. We look forward to managing them to their highest potential.”

The timberlands stocked with well managed southern pine plantations and hardwoods are located in eastern Mississippi and south central Alabama. The timberlands will be managed by Hancock Forest Management, the organization’s integrated property management group.

 

About the Hancock Timber Resource Group The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.3 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

Conservation Partnership Expands Protection of Key Source Watershed for California

2016

Conservation Partnership Expands Protection of Key Source Watershed for California

SAN FRANCISCO (July 7, 2016)— Water for 25 million Californians who depend on sources from the forested mountains in the north state is that much more secure thanks to the expanding conservation of the McCloud River watershed, a major tributary to the Sacramento River that supplies the Shasta Reservoir. Pacific Forest Trust (PFT) and Hancock Timber Resource Group (HTRG) completed a conservation easement on the 12,646-acre McCloud Dogwood Butte forest property at the end of June.

This private, commercial forestland will continue to be managed for timber production by HTRG subject to the terms of the easement, which will protect 74 volcanic cold-water springs and 36 miles of streams, enhance habitats for threatened wildlife, and expand outdoor recreational access for the public in the spectacular Mount Shasta region. The voluntary, collaborative project increases the network of privately owned working forests conserved in partnership with PFT in the McCloud watershed to over 30,000-acres—an area the size of San Francisco.

PFT was able to acquire the McCloud Dogwood Butte conservation easement thanks to state grants provided by the Wildlife Conservation Board, the lead funder, as well as the California Resources Agency Environmental Mitigation and Enhancement Program, and the Department of Water Resources Integrated Regional Watershed Management Program, using bond money approved by voters under Proposition 84. A group of charities led by the Libra Foundation assured sufficient funds to complete the $10,230,000 project.

The McCloud Dogwood Butte property sits at the junction of the Klamath and Cascade mountain ranges, just south of Mount Shasta and adjacent to the historic mill town of McCloud. By preventing future subdivision and development and assuring long-term management for its natural values, McCloud Dogwood Butte’s conservation permanently bridges a key north-south gap in the Shasta-Trinity National Forest and secures an important migratory corridor for wildlife adapting to climate change. Its abundant water, varied soils, and topography make the area rich in biodiversity. Management under the terms of the easement will increase habitat values for an estimated 127 species, including 10 that are rare or threatened, such as the northern spotted owl, willow flycatcher, and Pacific fisher. A highly productive timber property, McCloud Dogwood Butte will continue to provide logs and jobs for the regional wood products economy while also supporting outdoor recreation for residents and visitors.

“We are proud to partner with the Hancock Timber Resource Group and applaud their conservation commitment. California’s mountain headwaters region is a mix of public and private forestlands. Protection of McCloud Dogwood Butte and other private forests in the Mount Shasta area is important to ensure that the integrity of the watershed and keep water sources safe for all the downstream cities and farms that depend on them,” Connie Best, Co-CEO of Pacific Forest Trust commented.

“Stewardship is a core value of our organization so we are pleased and proud, to partner with the Pacific Forest Trust in the effort to preserve vital forest lands,” said Hancock Timber Resource Group President Brent Keefer. “This partnership is an example of how solid cooperation and creative approaches can support and expand quality jobs in the forest and wood products industries while at the same time keeping wildlife and watersheds healthy. In addition, it supports the local economy through the protection of viewsheds and expanded recreational access.”

John Donnelly, Executive Director of the Wildlife Conservation Board, said, “The State of California made such a significant investment in the McCloud Dogwood Butte conservation partnership because the project meets so many state priorities for water security, climate adaptation, conservation of working lands, and expanded opportunities for outdoor recreation. The project benefits people across the state.”

Working Forest Conservation Easements keep lands in private ownership and productive use, allowing the landowner and the land trust to work together as partners to safeguard the public benefits in perpetuity for far less than what it would cost to purchase lands outright for state or federal protection. Property owners can continue to earn forest revenues and make more investments in habitat enhancement and other stewardship needs. The property also remains on the county tax rolls, ensuring tax money is available to local government.


 

About Pacific Forest Trust 

Since 1993, the Pacific Forest Trust has been dedicated to conserving and sustaining America’s vital, productive forest landscapes. Working with forest owners, communities, and an array of partners, we advance innovative, incentive-based strategies to safeguard our nation’s diverse forests. In so doing, we’re ensuring forests continue to provide people everywhere—from rural communities to urban centers—with a wealth of benefits, including clean water, sustainably harvested wood, green jobs, wildlife habitat, and a livable climate. https://www.pacificforest.org

About Hancock Timber Resource Group 

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.1 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. http://www.hancocktimber.com

Tony Cascio Named Director, Client Account Management, Hancock Timber Resource Group

2016

Tony Cascio Named Director, Client Account Management, Hancock Timber Resource Group

BOSTON (June 30, 2016)—Tony Cascio has been appointed as Director of Client Account Management for the Hancock Timber Resource Group, HTRG President Brent Keefer said today.

In this role, Dr. Cascio will be responsible for account management and client relations for individually managed and pooled accounts. He also evaluates portfolio performance, acquisition and disposition opportunities, and develops and implements investment strategies.

Dr. Cascio, who will be based in Boston, will report to Mr. Keefer and his appointment is effective immediately.

“We are very pleased to have Tony join HTRG and our senior management team,” Mr. Keefer said. “Tony is a recognized and respected professional in the timberland investment community and brings a great depth of experience in investment management to HTRG.”

Dr. Cascio joins HTRG from Resource Management Service (RMS) where he was Senior Vice-President of Investments and had responsibility for portfolio management and investment research.

He earned a PhD in Forest Resources from the University of Georgia, a MS in Forestry from North Carolina State University, and has also worked for Temple-Inland Forest Products Company and Booz Allen Hamilton.  He also served as a Captain in the U.S. Army Reserve.

 


About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.1 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

Hancock Timber Resource Group Acquires 360,000 Acres of Michigan Timberlands

2016

Hancock Timber Resource Group Acquires 360,000 Acres of Michigan Timberlands

Acquisition of Bishop Forest In Upper Peninsula Marks Company’s Entry Into Great Lakes Region

BOSTON (May 31, 2016)—The Hancock Timber Resource Group today announced that it has completed the acquisition of more than 360,000 acres of timberlands in the Upper Peninsula of Michigan from The Forestland Group.

The 362,349 acres, known as the Bishop Forest, are located near Marquette, Michigan and stocked with northern hardwood species.

“We are very pleased to acquire these high quality timberlands, which are an excellent fit for our clients,” said Brent Keefer, president of the Hancock Timber Resource Group. “This acquisition also marks our entry into the Great Lakes region of the United States. We view this as an opportunity to offer additional portfolio diversification for our clients and it creates the prospect for further growth of our business.”

Two thirds of the acreage has been encumbered by a conservation easement and also by a carbon project. The conservation easement restricts development and provides for public recreational access.  The carbon project amounts to a 100 year commitment to manage the property with higher than average timber volumes per acre, for which the landowners (HTRG clients) are rewarded through the issuance and sale of carbon credits. While most of the carbon credits were generated at the outset of the project in 2014, additional credits are earned on an annual basis, providing a supplemental income stream.

The timberlands will be managed by Hancock Forest Management, the organization’s integrated property management group.

 


 

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.1 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

2015
HTRG Completes Acquisition of 98,000 Acres of Timberland in Florida

2015

HTRG Completes Acquisition of 98,000 Acres of Timberland in Florida

BOSTON (September 18, 2015)—The Hancock Timber Resource Group has completed the acquisition of approximately 98,000 acres of timberlands in Florida from Plum Creek Timber Company.

“We continually seek to secure high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “These highly productive timberlands are an excellent investment opportunity for our clients and we’re very pleased to be able to acquire them.”

The timberlands, stocked primarily with well managed southern pine plantations and hardwoods, are largely contiguous blocks and located in Levy County

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.3 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

2014
HTRG establishes Hancock Asset Management Brasil
Brent Keefer Named President of Hancock Timber Resource Group

2014

Brent Keefer Named President of Hancock Timber Resource Group

Hancock Natural Resource Group CEO Dan Christensen Steps Back From Timber Role to Focus on Overall Strategic Growth of Organization

BOSTON (May 15, 2014)—Brenton J. Keefer has been named president of the Hancock Timber Resource Group, the company said today. His appointment is effective immediately.

Mr. Keefer replaces Dan Christensen, Hancock Timber’s president since 2003. He will report directly to Mr. Christensen who will remain as Chief Executive Officer and a member of the board of directors of the Hancock Natural Resource Group, Hancock Timber’s parent company.

Mr. Christensen will be focused on driving the growth of the organization’s three business units: timber, agriculture and renewable energy.

“Brent has been an invaluable part of the organization since joining us 16 years ago and a vital member of our leadership team over the past several years,” Mr. Christensen said. “As I step back from timber to focus on the strategic growth of our overall organization, I am very pleased that we have Brent ready to step in and assume this new role as President of Hancock Timber.”

Mr. Keefer, who joined the company in 1998, will be responsible for overall management of Hancock Timber, the world’s largest manager of timberland for institutional investors. Mr. Keefer, who previously was Director of Resource Planning and Investment Strategy and based in Charlotte, North Carolina, will now be based in Boston.

Previously, Mr. Keefer oversaw global resource planning and timberland investment valuation. His role also included analysis of new investment regions and global timberland investment risk and return. He led timberland acquisition valuation and due diligence and provided oversight for Hancock Forest Management’s resource support teams.

Before joining Hancock Timber, Mr. Keefer worked for Rayonier Inc. in the southeast U.S. managing forest resource information and planning systems.

He graduated from Virginia Tech with a B.S. in Forest Resource Management and a M.S. in Forest Biometrics, GIS, and Remote Sensing.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.7 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.

HTRG and Masisa form Hancock Chilean Plantations, a joint venture in Chile

2014

HTRG and Masisa form Hancock Chilean Plantations, a joint venture in Chile

SANTIAGO, CHILE (April 29, 2014)—Following the agreement between the U.S.-based Hancock Natural Resource Group (HNRG) and MASISA that was signed in March, today both companies have signed the relevant contracts by which MASISA will sell to HNRG 80 percent of its forestry holdings covering approximately 62,000 hectares of land, 32,500 hectares of which are planted mostly with radiata pine.

In order to implement the transaction, MASISA transferred the forestry assets located in the areas of Temuco and Valdivia in Chile into a new Chilean company, Hancock Chilean Plantations. HNRG subscribed for 80 percent of the shares of said company, while Masisa retained ownership of the remaining 20 percent. MASISA received US$ 204,460,310, corresponding to the previously reported purchase price plus any qualifying adjustments.

This transaction will provide Masisa with a current consolidated EBITDA estimated at US$ 143.1 million, a net consolidated loss estimated at US$ 6.6 million, and a distributable net income of US$ 114.5 million.

As part of this transaction Hancock Chilean Plantations and MASISA have signed a long-term contract to supply raw materials to the MASISA wood panel facilities in Chile.

MASISA and HNRG have also signed a shareholder agreement regulating their rights and obligations in Hancock Chilean Plantations, which will provide MASISA with an option to purchase in the event that HNRG should wish to sell its shares in the company.

According to the CEO of MASISA, Roberto Salas, “this agreement will allow us to finance our growth plan for 2014 and 2015, strengthen our financial profile and to add a partner with outstanding global experience in the investment and management of forestry assets, which means an important contribution to the overall development of MASISA.”

Salas also added: “with these funds we will finance projects that have attractive return rates and that will contribute to the improvement of the company´s return on investment.”

“We are very pleased to partner with Masisa on this joint venture. We look forward to working with them for years to come, as our organizations share the same high standards for forest management, safety and environmental stewardship,” said HNRG CEO Dan Christensen. “We also are very pleased to acquire these excellent and highly productive forest plantations that are well-suited to our investors’ objectives.”

About the Hancock Timber Resource Group

Hancock Natural Resource Group, Inc., with headquarters in Boston, Massachusetts, United States, is a subsidiary of Manulife Financial Corporation. It manages approximately 2,600,000 hectares of timberland throughout the United States, Brazil, Canada, New Zealand and Australia on behalf of institutional investors globally. Additional information about Hancock Timber may be found at here. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management.

Hancock Timber Resource Group Announces Senior Management Changes

2014

Hancock Timber Resource Group Announces Senior Management Changes

Bruce McKnight, Chief Operations Officer, Retiring
Michael Wolf Named Director, North America Operations
Thomas Sarno Named Director, Global Operations
Tim Cayen Named Managing Director, Business Development

BOSTON (March 3, 2014)—Hancock Natural Resource Group President Daniel Christensen today announced several important senior management changes to the organization.

Bruce McKnight, Managing Director and Chief Operations Officer, will be retiring effective March 31, 2014, after 17 years with the company.

“Bruce has been a strong leader within the company and very instrumental in the growth and success of Hancock Timber” Mr. Christensen said. “We wish him well in retirement, but are very pleased that we will continue to have access to his strategic insight, experience and counsel.”

Mr. McKnight will remain with the organization in a non-executive role as a Director, joining the HNRG Board of Directors. He also will continue to serve on its Natural Resource Investment Committee and other boards.

“As Bruce steps down, he and I are very pleased to see that the depth of our organization will provide for a seamless transition that will enable us to continue to serve our clients well,” Mr. Christensen added,

Mike Wolf, President of Hancock Forest Management (HFM) who has been with the organization since 1998, has been named Director of North American Operations. Mr. Wolf will retain his current position and also take on overall operations responsibility for all of North America.

Tom Sarno, who was General Manager at HFM for six years before moving into his current role of Senior Portfolio Manager in 2009, has been named Director of Global Operations, and will take on overall responsibility for international operations, including South America, New Zealand and Australia.

Mr. Wolf and Mr. Sarno will both be based in Charlotte, North Carolina, and report to Mr. Christensen.

In addition, Tim Cayen has been promoted to Managing Director, Business Development. In his new role, which was effective January 1, Mr. Cayen, who was previously Director of Business Development, will continue to be responsible for raising new capital for Hancock Timber but also will have oversight responsibilities in raising capital for Hancock Agricultural Investment Group and the Hancock Renewable Energy Group. He now reports to Mr. Christensen and has joined the Hancock Natural Resource Group Executive Committee.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.5 million acres of timberland across the United States and in Brazil, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management.

About Manulife Asset Management

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.5 million acres of timberland across the United States and in Brazil, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management. www.ManulifeAM.com.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were C$512 billion (US$512 billion) as at March 31, 2012. 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 www.manulife.com.

2013
HTRG closes on Hancock Timberland XII
2012
HTRG closes on Hancock Timberland XI
Hancock Timber Resource Group Acquires 1.35 Million Acres of Timberland in Four States

2012

Hancock Timber Resource Group Acquires 1.35 Million Acres of Timberland in Four States

Acquisition from Forest Capital Partners Includes 376,000 Acres In Louisiana, 573,000 In Oregon, 138,000 In Idaho and 264,000 In Washington

BOSTON (July 13, 2012) — The Hancock Timber Resource Group has acquired 1.35 million acres of timberland from Portland, Oregon-based Forest Capital Partners, Hancock Timber President Dan Christensen said today.

Terms of the transaction, which closed today, were not disclosed. Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres in Washington.

The vast majority of Forest Capital Partners’ employees have accepted employment offers to join the Hancock Timber Resource Group.

“We are very pleased to acquire this large portfolio of timberlands. They are a natural fit for our clients and Hancock Timber—highly productive and well-managed by a company that, like us, places a strong emphasis on environmental stewardship. We look forward to continuing to manage these lands on a sustainable basis as working forests as well as maintaining the jobs associated with them,” Mr. Christensen said. “We welcome our new colleagues into the organization and embrace their skills and experiences as well as their institutional knowledge of the timberlands they have been managing.”

Mr. Christensen said that all of Forest Capital Partners’ timberlands are third-party certified as sustainably managed and that Hancock Timber intends to maintain the certification. All of Hancock Timber’s timberlands in North America, Australia and New Zealand are third-party certified.

Greenhill & Co., LLC acted as exclusive financial adviser to Hancock Timber Resource Group on this transaction.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., an operating company of Manulife Asset Management. Based in Boston, it manages approximately 6.6 million acres of timberland across the United States and in Brazil, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management.

About Manulife Asset Management

Manulife Asset Management™ is the global asset management arm of Toronto-based Manulife Financial Corporation. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates’ retail clients product offerings of Manulife and John Hancock. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management. Manulife Asset Management was named a 2011 Bond Manager of the Year finalist in the United States by Money Management Intelligence (MMI) and Best Asian Bond House by Asia Asset Management. As at March 31, 2012, assets under management were US$220 billion. Additional information about Manulife Asset Management may be found at www.ManulifeAM.com.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were C$512 billion (US$512 billion) as at March 31, 2012. 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 www.manulife.com.

2011
HTRG Completes Acquisition of 82,000 Acres of Timberland in Washington

2011

HTRG Completes Acquisition of 82,000 Acres of Timberland in Washington

Purchase from Weyerhauser Further Strengthens Timberland Portfolio In State

BOSTON, MA, February 4, 2011 — The Hancock Timber Resource Group has completed the acquisition of approximately 82,000 acres of timberlands in southwestern Washington from Weyerhaeuser Company.

Hancock Timber now manages more than 550,000 acres on behalf of its clients in Washington State, and more than 775,000 acres in the Pacific Northwest. As the world’s largest timberland investment management organization, it manages more than five million acres globally.

“We are continually seeking to secure high quality timberlands for our clients,” said Hancock Timber Resource Group President Dan Christensen. “These highly productive timberlands represent an excellent investment opportunity for our clients and we’re very pleased to be able to acquire them.”

The timberlands are stocked predominantly with hemlock and with Douglas-fir. They are two contiguous blocks, one in Pacific County and the other stretches across the Grays Harbor/Pacific County line.

About the Hancock Timber Resource Group
The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc., an operating company of Manulife Asset Management, manages more than five million acres of timberland across the United States as well as in Brazil, Canada, New Zealand and Australia. Additional information about HTRG may be found at www.hancocktimber.com.

About Manulife Asset Management

Manulife Asset Management™ is the global investment management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.

Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at March 31, 2011, assets under management for institutional clients were Cdn$211 billion (US$217 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $478 billion (US$492 billion) as at March 31, 2011. 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 www.manulife.com.

2010
HTRG Closes on Hancock Timberland X
2009
HTRG Completes Acquisition of 75,000 Acres of Timberland in Alabama and Georgia

2009

HTRG Completes Acquisition of 75,000 Acres of Timberland in Alabama and Georgia

BOSTON, MA, June 16, 2009—The Hancock Timber Resource Group today announced the completion of the acquisition of approximately 75,000 acres of timberland in Georgia and Alabama from Austin Texas-based Forestar Group Inc.

The timberlands are located northwest of Atlanta near the Georgia-Alabama state line and are stocked primarily with southern pine.

“We are very pleased to acquire these highly productive timberland properties on behalf of our investors,” said Daniel P. Christensen, President, Hancock Timber Resource Group. “We continue to seek and secure excellent timberland transactions for our investors.”

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc., an operating company of MFC Global Investment Management, manages more than five million acres of timberland worth approximately $8.5 billion across the United States as well as Brazil, Canada, New Zealand and Australia. Additional information about HTRG may be found at www.hancocktimber.com.

MFC Global Investment Management is the asset management arm of Manulife Financial Corporation. Based in North America with investment offices in Toronto, Boston, London, Tokyo, Hong Kong and Southeast Asia, the firm has more than 100 years of experience. Additional information about MFC Global Investment Management may be found at www.mfcglobal.com.

Manulife Financial is 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$405 billion (US$330 billion) as at December 31, 2008. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial may be found on the Internet at www.manulife.com.

2008
HTRG Completes Acquisition of 114,000 Acres of Timberland in Oregon

2008

HTRG Completes Acquisition of 114,000 Acres of Timberland in Oregon

High Quality, Productive Timberlands Added To Clients’ Pacific Northwest Holding

BOSTON, (November 11, 2008)—The Hancock Timber Resource Group today announced that it has closed on the acquisition of 114,000 acres of timberland and timber rights in Oregon.

Hancock Timber acquired the timberlands on behalf of its clients from Green Diamond Resource Company, a privately held company. Terms of the acquisition were not disclosed.

“We are very pleased to add these high quality, productive timberlands to our clients’ portfolios,” said Hancock Timber President and Chief Executive Officer Dan Christensen. “We believe they are an excellent addition to our holdings in the Pacific Northwest.”

“The timberlands, located near the coast in Northwestern Oregon, are populated largely with Douglas-fir and western hemlock. With the addition of these Oregon properties, Hancock Timber manages approximately 750,000 acres of timberland in California, Oregon and Washington.

HTRG Closes on Hancock Timberland IX
HTRG Completes Acquisition of 900,000 Acres of Timberland in Southern United States

2008

HTRG Completes Acquisition of 900,000 Acres of Timberland in Southern United States

BOSTON, (April 1, 2008)—The Hancock Timber Resource Group today closed on the acquisition of approximately 900,000 acres of timberland in the southern United States from TimberStar Southwest, whose largest investor is iStar Financial Inc. (NYSE: SFI), Hancock Timber President Dan Christensen said.

Hancock Timber, a global timberland investment management organization, purchased the portfolio of forestland and related assets for $1.71 billion for its third-party investors.

Hancock Timber will manage the portfolio of timberlands in Arkansas, Louisiana and Texas as a single investment entity to be called Red River Timberlands Company.

Greenhill & Co., LLC acted as exclusive financial adviser to Hancock Timber Resource Group on this transaction.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc, an operating company of MFC Global Investment Management, manages more than 4.6 million acres of timberland worth approximately $9.1 billion in the Pacific Northwest, Southeast and Northeast United States as well as Brazil, Canada, New Zealand and Australia. Additional information about Hancock Timber may be found at www.hancocktimber.com.

MFC Global Investment Management is the asset management arm of Manulife Financial Corporation. Based in North America with investment offices in Toronto, Boston, London, Tokyo, Hong Kong and Southeast Asia, the firm has more than 100 years of experience. Additional information about MFC Global Investment Management may be found at www.mfcglobal.com.

Manulife Financial is 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 $396 billion (US $392 billion) as of December 31, 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 www.manulife.com.

2006
HTRG Closes on Hancock Timberland VIII
2005
HTRG Completes Acquisition of Harvard Timberlands

2005

HTRG Completes Acquisition of Harvard Timberlands

BOSTON, MA (October 31, 2005)-The Hancock Timber Resource Group (HTRG) said today that it has completed its acquisition of the ownership interests of entities owning or controlling approximately 930,000 acres of timberland or timber rights from Harvard Management Company, the investment manager for Harvard University.

Under the terms of the transaction, which were not disclosed, HTRG acquired timberlands located in Texas (463,000 acres), Pennsylvania (116,000 acres), New York (12,000 acres) and Washington (324,000 acres). HTRG also acquired timber management rights for 14,500 acres of timberland on the Central North Island of New Zealand.

The closing of this transaction, which originally was announced on July 28, brings HTRG’s total assets under management to approximately $4.8 billion consisting of approximately 3.3 million acres of timberland and timber rights.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc, an operating company of MFC Global Investment Management, manages more than 4.6 million acres of timberland worth approximately $9.1 billion in the Pacific Northwest, Southeast and Northeast United States as well as Brazil, Canada, New Zealand and Australia. Additional information about Hancock Timber may be found at www.hancocktimber.com.

MFC Global Investment Management is the asset management arm of Manulife Financial Corporation. Based in North America with investment offices in Toronto, Boston, London, Tokyo, Hong Kong and Southeast Asia, the firm has more than 100 years of experience. Additional information about MFC Global Investment Management may be found at www.mfcglobal.com.

Manulife Financial is 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 $396 billion (US $392 billion) as of December 31, 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 www.manulife.com.

 

AF&PA Presents HTRG with 2005 Forest Management Award

2005

AF&PA Presents HTRG with 2005 Forest Management Award

WASHINGTON, DC, (September 21, 2005)-The American Forest & Paper Association has awarded its 2005 Forest Management Award to Hancock Timber Resource Group for its Snoqualmie Forest Development Rights Sale project in King County, Washington. The award, presented annually to an AF&PA member company for excellence in forest management, was presented at the 2005 Sustainable Forestry Initiative® Annual Conference on September 21, 2005 in Portland, Maine.

The Snoqualmie project was a collaborative effort between Hancock Timber Resource Group (HTRG), King County, Washington and the Cascade Land Conservancy. In December 2004, HTRG sold the development rights of 90,000 acres of the Snoqualmie Forest, located on the Puget Sound in King County, to the county, thus eliminating any threat of residential or commercial development on this land.

This agreement, one of the nation’s largest land conservation actions so close to a major metropolitan area, forever preserves the forest from the increasing pressures of development. Serving as the buffer between the greater Seattle metropolitan area and the Cascades Alpine Wilderness, the Snoqualmie Forest contains two major river forks, numerous lakes and mountains, and diverse wildlife populations. Permanently ending development of this land will have a positive impact on the region’s water quality, wildlife habitat and population, vegetative biodiversity and air quality.

“Hancock Timber Resource Group’s contribution to forever preserve this working forest from development is a shining example of the many excellent programs developed by AF&PA members in support of the Sustainable Forestry Initiative® (SFI) program and conservation,” said AF&PA President and CEO W. Henson Moore. “We sincerely appreciate the dedication and commitment of HTRG in the advancement of forest management and land conservation partnerships.”

AF&PA is the national trade association of the forest, paper and wood products industry. AF&PA represents more than 200 companies and related associations that engage in or represent the manufacture of pulp, paper, paperboard and wood products. The forest products industry accounts for approximately 7 percent of total U.S. manufacturing output, employs 1.5 million people, and ranks among the top ten manufacturing employers in 42 states. Visit AF&PA online at www.afandpa.org.

HTRG Completes PruTimber Acquisition

2005

HTRG Completes PruTimber Acquisition

Leading Manager Of Timberland For Institutional Investors Strengthens Global Position In Marketplace

BOSTON, (September 2, 2005)-The Hancock Timber Resource Group (HTRG) today announced that it has completed its acquisition of Prudential Timber Investments, Inc. (PruTimber), the timberland investment management unit of Prudential Financial, Inc. Terms of the acquisition were not disclosed. With the acquisition, HTRG assumes management responsibility for PruTimber’s approximately 340,000 acres of timberland, worth approximately $540 million. The new timberlands include 150,000 acres in the United States, 145,000 acres in New Zealand and 45,000 acres in Brazil.

The transaction brings HTRG’s total acreage and assets under management to 2.4 million acres and $3.1 billion.

HTRG, a division of the Hancock Natural Resource Group, Inc, an operating company of MFC Global Investment Management, manages timberland in the Pacific Northwest and the Southeast United States as well as Canada, New Zealand and Australia. Additional information about HTRG may be found at its website: www.hancocktimber.com.

MFC Global Investment Management is the institutional asset management arm of Manulife Financial Corporation. Based in North America with investment offices in Toronto, Boston, London, Tokyo, Hong Kong and Southeast Asia, the firm has more than 100 years of experience managing funds. Additional information about MFC Global Investment Management may be found at its website: http://www.mfcglobal.com.

Manulife Financial is 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$364 billion (US$297 billion) as at June 30, 2005.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

HTRG Closes on Hancock Timberland VII
HFM NZ Ltd. Awarded FSC Forest Certification of New Zealand Forest Plantations

2005

HFM NZ Ltd. Awarded FSC Forest Certification of New Zealand Forest Plantations

ROTORUA, January 12, 2005 – The Tiaki Plantations Company forests in New Zealand have received certification for environmentally sound and sustainable forest management under the Forest Stewardship Council (FSC) standard, Hancock Forest Management (NZ) Limited (HFMNZ) said today.

HFMNZ, which manages approximately 40,000 hectares of plantations in the Central North Island region of New Zealand on behalf of Tiaki Plantations Company, said the FSC certification required a comprehensive review and means that HFMNZ has met a high standard for responsible social and environmental practices. “We obviously are quite pleased to receive the FSC certification for the Tiaki Plantations Company forests. It is an important milestone for Hancock Natural Resource Group (HNRG) and for our investors,” said Bruce McKnight, HNRG’s Australasian Managing Director. “The FSC standard sets high expectations of excellence and the program’s philosophy of continual improvement is consistent with our own stewardship philosophy.”

Forest certification provides a means by which retailers and consumers can evaluate the origin of forest products and consider the impact of their production on the world’s forests. Certification gives consumers the option of “voting with their dollars,” of choosing wood and wood products that come from sustainably managed forests. FSC certification ensures that timber harvesting is ecologically and silviculturally sound, and socially and economically beneficial to local communities. FSC certification brings foresters, manufacturers, conservationists and consumers together to improve forest management.

The Forest Stewardship Council is an international nonprofit organization founded to support environmentally appropriate, socially beneficial and economically viable management of the world’s forests through independent forest management certification and marketplace labeling of certified forest products. FSC has operations in more than 60 countries and serves as formal accreditor of forest certification programs such as Scientific Certification Systems, ensuring consistent performance. More than 47 million hectares of forestlands have been certified globally according to FSC standards. Information on the FSC can be found at www.fsc.org.

Scientific Certification Systems (SCS), the international independent auditing firm, notified HFMNZ in December 2004 that HFMNZ had demonstrated both commitment and adherence to the FSC Principles and Criteria. The certification also suggests additional enhancements that can be made and provides for annual audits.

HFMNZ is the New Zealand forest management arm of Hancock Natural Resource Group. HNRG is an operating company of MFC Global Investment Management, the asset management arm of Manulife Financial Corporation of Toronto. Additional information about HNRG may be found at www.hnrg.com.

2004
HTRG Establishes Hancock Forest Management New Zealand

2004

HTRG Establishes Hancock Forest Management New Zealand

ROTORUA, New Zealand, December 1, 2004 – Hancock Forest Management has opened a new office in New Zealand to provide forest management services for its properties there.

Hancock Forest Management Limited (HFM NZ) is the New Zealand forest management subsidiary of the U.S.-based Hancock Timber Resource Group, the world’s largest timberland investment manager for institutional investors. HFM NZ will provide integrated forest management services on approximately 40,000 hectares (100,000 acres) located in the Central North Island region of New Zealand.

“Our local team is excited about the opportunity to provide the full range of property management services for Hancock Timber’s investors,” said Bill McCallum, HFM NZ’s General Manager. “By integrating forest management with in-house client services, all of the organization’s business interests are lined up in the most direct possible way to serve clients’ needs.”

HFM NZ’s parent company, Hancock Natural Resource Group Australia Pty Ltd., provides regional investment and asset management services from locations in Rotorua, Sydney and Melbourne, and now manages more than 300,000 hectares (750,000 acres) in Australia and New Zealand.

About HFM NZ

HFM NZ is a subsidiary of Sydney-based Hancock Natural Resource Group Australia Pty Ltd. (HNRGA), in turn a wholly owned subsidiary of Hancock Natural Resource Group, Inc. HNRG is an operating company of MFC Global Investment Management, the institutional asset management arm of Manulife Financial. MFC Global is based in Toronto and has investment offices in Boston, London, Tokyo, Hong Kong and other cities in Southeast Asia. Additional information about MFC Global may be found at its website: http://www.mfcglobal.com.Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and most of 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$346 billion (US$274 billion) as at September 30, 2004.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the at www.manulife.com.

Hancock Natural Resource Group Completes Purchase of 100,000 Acres of New Zealand Forests

2004

Hancock Natural Resource Group Completes Purchase of 100,000 Acres of New Zealand Forests

BOSTON, June 4, 2004 — Hancock Natural Resource Group (HNRG) today completed the acquisition of forestry rights on some 100,000 acres (40,000 hectares) of forest plantations in the Central North Island region of New Zealand.On April 1 the company announced it had signed a conditional agreement for buying a forestry right over the estate of Kiwi Forests Group Limited, which recently acquired most of the forest estates of Tenon Limited (formerly known as Fletcher Challenge Forests Limited.)

The agreement also covered a forestry right over the estate of one of Tenon’s subsidiary companies, Tarawera Forests Limited, so Tenon was also a party to that portion of the agreement.

“All conditions of the agreement, including New Zealand regulatory approvals, have now been satisfied, and the purchase was formally closed today,” said Dan Christensen, Chief Executive Officer of HNRG and President of its forestry operating arm, Hancock Timber Resource Group (HTRG).HNRG, a wholly owned subsidiary of Manulife Financial Corporation, is the world’s largest manager of institutional timberland investments. It manages 2.8 million acres (1.13 million hectares) of forests in the US South, Northwest and Northeast, as well as in Canada and Australia.

“We are delighted to now add New Zealand to that list, and to now have a presence in the New Zealand forest industry,” said Bruce McKnight, Managing Director, Australasia, and Senior Vice President, who directs HTRG’s investment management business in Australia and New Zealand. “This will be a strong complement to our Australia operations.”

Manulife Financial is 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. Pro forma funds under management by Manulife Financial and its subsidiaries were Cdn.$355.9 billion (US$271.6 billion) as at March 31, 2004. Additional information about Manulife may be found at the company’s website:http://www.manulife.com.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK.

Hancock Victorian Plantations Receives Certification for Responsible Social and Environmental Practices

2004

Hancock Victorian Plantations Receives Certification for Responsible Social and Environmental Practices

RICHMOND, Vermont, February 11, 2004 — Hancock Victorian Plantations (HVP), Australia’s largest private forest plantation owner, has become the first large-scale plantation manager in the country to be awarded SmartWood/Forest Stewardship Council (FSC) certification for the responsible management of its forest operations.

SmartWood/FSC certification recognizes that HVP manages its forest operations in a socially and environmentally responsible manner. The certification also suggests additional enhancements that can be made and provides for annual audits.

Melbourne-based HVP, which owns and manages 605,150 acres (245,000 hectares) of forest plantations across Victoria, annually supplies approximately three million tons of plantation grown softwood (pine) and 300,000 tons of plantation grown hardwood (eucalypt) to sawmillers, panel producers and pulp and paper mills in Australia and overseas.

“With HVP’s commitment to attain certification, as well as the constant efforts of Tim Cadman, FSC national contact person, and other supporters, we expect an increased appreciation of the value of FSC certification and an increase in the FSC initiative in Australia,” said Jeff Hayward, SmartWood’s regional manager for Asia and the Pacific. “FSC certification in Australia is a new concept so this certification has been particularly challenging. Nevertheless, the process has now been established and we are off to a fine start.”

“I am delighted to see that a large resource manager like HVP has made such a positive commitment to providing timber from well-managed forests under our system,” said FSC Australia Contact, Tim Cadman. “It has been a long and exhaustive process and it is a credit to HVP, the social and environmental stakeholders who had a great deal of substantive input, and to the certifiers SmartWood for doing such a comprehensive assessment. I hope this will lead the way for many more companies to embrace this new direction for Australia’s timber resources.”

The HVP certification process, led by SmartWood Director and team leader Richard Z. Donovan, included direct interaction with more than 200 stakeholders in Victoria, across Australia and outside the country as well.

HVP submitted to an initial SmartWood scoping audit in May, 2000 to determine the company’s readiness to meet the strict FSC standards for protecting the environment and the rights and welfare of workers and local communities.

Three years later, HVP underwent a full FSC assessment by five SmartWood experts, which included site visits to forest areas, individual and interest group stakeholder meetings and interviews, as well as extensive telephone and email communications. HVP also has agreed to annual on-site audits by SmartWood auditors.

“Hancock Victorian Plantations (HVP) is very pleased to become the first major forest manager in Australia to receive Forest Stewardship Council certification,” said Kevin White, Chief Executive Officer, Hancock Victorian Plantations. “FSC certification of Hancock Victorian Plantations is recognition from a respected, international and independent third party of our company’s program of continuous improvement in forest management and environmental performance. Certification delivers accountability of our operations in a much more transparent manner, which is good for all our investors, our customers and anyone interested in our business.”

“This certification is a significant, hard won and welcome accomplishment for the Hancock Timber Resource Group and Hancock Victorian Plantations,” said Bruce McKnight, vice president for forest stewardship globally for Hancock Timber, which provides management oversight of the HVP investment for various Australian and North American superannuation funds.

“We have been working with SmartWood for more than three years. We are pleased now to be able to offer our customers in Australia and elsewhere the opportunity to incorporate the use of FSC-certified raw material into their products.”

HVP voluntarily maintains around 30 percent of its holdings for plantation protection, conservation and other community values. These “custodial lands”, which contain important native vegetation, are preserved from harvesting.

Forest certification provides a means by which retailers and consumers can evaluate the origin of forest products and consider the impact of their production on the world’s forests. Certification gives consumers the option of “voting with their dollars,” of choosing wood and wood products that come from sustainably managed forests. SmartWood certification ensures that timber harvesting is ecologically and silviculturally sound, and socially and economically beneficial to local communities. SmartWood brings foresters, manufacturers, conservationists and consumers together to improve forest management.

2003
HTRG Attains SFI® Certification on North American Timberlands

2003

HTRG Attains SFI® Certification on North American Timberlands

BOSTON, March 5, 2003 — Hancock Timber Resource Group (HTRG) announced that it has received certification for environmentally sound and sustainable forest management under the Sustainable Forestry Initiative® (SFI) Standard for its timberlands in the Southeast, Northeast and Pacific Northwest regions of the United States, and in British Columbia, Canada.

SFI®, a program of the American Forest & Paper Association (AF&PA), is one of the most widely applied and rigorous standards of sustainable forestry. Within the SFI program is a comprehensive system of principles, objectives and performance measures developed by professional foresters, conservationists and scientists that combines the perpetual growing and harvesting of trees with the long-term protection of wildlife, plants, soil and water quality.

PricewaterhouseCoopers (PwC), the international independent auditing and accounting firm, notified HTRG in October of 2002 that HTRG had met all requirements under the latest 2002-2004 Standard established by the Sustainable Forestry Board, the organization responsible for maintaining the SFI Standard and certification procedures. PwC performed an independent, third-party audit of HTRG forest management practices on HTRG-managed properties between May and September 2002.

“We are very pleased to receive these positive third-party audit results. They are an important milestone for HTRG and its investors,” said Bruce McKnight, HTRG’s Director of Forest Operations and Stewardship. “The SFI Standard is comprehensive in its approach and sets high expectations of excellence. The SFI program’s philosophy of continual improvement also is consistent with our own stewardship philosophy.”

HTRG manages roughly 2.4 million acres in North America (as of December 31, 2002). Approximate regional holdings are as follows: Southeast: 1,680,000 acres; Northeast: 428,000 acres; Pacific Northwest: 260,000 acres; and British Columbia, Canada: 60,000 acres.
Boston-based HTRG is a division of Hancock Natural Resource Group, Inc., a registered investment adviser and wholly-owned subsidiary of John Hancock Financial Services, Inc. (NYSE:JHF). John Hancock Financial Services, Inc., is a leading financial services company, providing a broad array of insurance and investment products and services to retail and institutional customers. As of December 31, 2002, Hancock and its subsidiaries had total assets under management of $127.6 billion.
Sustainable Forestry Initiative and SFI (http://www.aboutsfi.org) are registered service marks owned by the American Forest and Paper Association.
2002
HTRG establishes Hancock Forest Management
HTRG Closes on ForesTree VI

2002

HTRG Closes on ForesTree VI

BOSTON, December 12, 2002 –Hancock Timber Resource Group (HTRG) announced today that it has closed its ForesTree VI, LP timberland investment fund. Investments for the fund totaled $98 million and included capital from eight investors. Among those participating in the fund are Baltimore Employees’ Retirement System and two European investors.

The structure of ForesTree VI allowed for several types of investors to participate, including traditional pension plans as well as high net worth individuals and non-US investors. ForesTree VI will target geographically diversified timberland properties, with its initial investment located in Washington state.

HTRG is the world’s largest timberland investment management organization for institutional investors with 2.9 million acres and more than $2.5 billion in assets under management in North America and Australia as of September 30, 2002. Boston-based HTRG is a division of Hancock Natural Resource Group, Inc., a wholly owned subsidiary of John Hancock Financial Services (NYSE:JHF). John Hancock Financial Services, Inc. is a leading financial services company, providing a broad array of insurance and investment products and services to retail and institutional customers. As of September 30, 2002, John Hancock and its subsidiaries had total assets under management of $121.2 billion.

(All of fund’s securities have been sold; this announcement appears as a matter of record only.)

HTRG Acquires Alabama Timberlands

2002

HTRG Acquires Alabama Timberlands

BOSTON, July 10, 2002 – Hancock Timber Resource Group (HTRG) has acquired 70,305 acres of timberland from International Paper (NYSE:IP). The transaction closed on May 31, 2002, bringing the company’s total timberland ownership in Alabama to more than 670,000 acres.

“This acquisition will enable HTRG to capitalize on future sawtimber prices in the region for our investors,” said Brent Keefer, HTRG’s southern region planner. “The property is situated in the heart of some of the strongest timber markets in the South.”

Located in the upper gulf coastal plain of southwestern Alabama, 65 percent of this highly productive property is comprised of loblolly pine plantations, with the balance being mixed pine and hardwoods.

This acquisition brings the company’s southern holdings to 1.79 million acres under management. HTRG is the world’s largest timberland investment management organization for institutional investors, with $2.5 billion and 3.1 million acres under management in North America and Australia.

Boston-based HTRG is a division of Hancock Natural Resource Group, Inc., a wholly owned subsidiary of John Hancock Financial Services (NYSE:JHF). John Hancock Financial Services, Inc., and its affiliated companies, including John Hancock Life Insurance Company, provide a broad array of insurance and investment products and services to retail and institutional customers. As of March 31, 2002, John Hancock and its subsidiaries had total assets under management of $125.3 billion.

1998
HTRG establishes Hancock Natural Resource Group Australasia Pty Limited
1995
Hancock Natural Resource Group Inc. is established as a subsidiary of John Hancock
1993
HTRG completes first non-U.S. investment, expanding to British Columbia, Canada
1985
Hancock Timber Resource Group is established in Boston, MA
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