Business
Manulife announces intention to launch Normal Course Issuer Bid
Manulife Financial Corporation ("Manulife") announced today that, subject to the approval of the Toronto Stock Exchange ("TSX"), it intends to launch a Normal Course Issuer Bid ("NCIB") permitting the purchase for cancellation of up to 42 million of its common shares, representing approximately 2.5% of Manulife's issued and outstanding common shares. The Office of the Superintendent of Financial Institutions (Canada) has approved the NCIB. As at January 31, 2026, Manulife had 1,676,743,043 commo
About this update from Manulife Financial Corporation
[{"type":"text","content":"C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945","length":54,"tagName":"p"},{"type":"text","content":"TORONTO, Feb. 11, 2026 /CNW/ - Manulife Financial Corporation ("Manulife") announced today that, subject to the approval of the Toronto Stock Exchange ("TSX"), it intends to launch a Normal Course Issuer Bid ("NCIB") permitting the purchase for cancellation of up to 42 million of its common shares, representing approximately 2.5% of Manulife's issued and outstanding common shares. The Office of the Superintendent of Financial Institutions (Canada) has approved the NCIB. As at January 31, 2026, Manulife had 1,676,743,043 common shares issued and outstanding.","length":607,"tagName":"p"},{"type":"image","alt":"Manulife logo (CNW Group/Manulife Financial Corporation)","displaySize":"","headline":null,"caption":"Manulife logo (CNW Group/Manulife Financial Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":355,"height":65,"url":"https://media.zenfs.com/en/cnwgroup.com/d3019888af9ca8abef16ef5db7c5f2c0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2PBq4reR6Qa1XRZ_SKEDUA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEyOTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/d3019888af9ca8abef16ef5db7c5f2c0","width":355,"height":65}},"href":"https://mma.prnewswire.com/media/2901663/Manulife_Financial_Corporation_Manulife_announces_intention_to_l.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Having an NCIB in place will provide Manulife with the flexibility to purchase common shares as part of its capital management strategy which is designed to maintain healthy regulatory capital ratios while balancing the objective of generating shareholder value.","length":262,"tagName":"p"},{"type":"text","content":"Purchases under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange, and alternative trading systems in Canada and the United States at market prices prevailing at the time of purchase or such other price as may be permitted. Manulife will file a notice of intention to make an NCIB with the TSX. The bid period will commence after the TSX has accepted the notice of intention and continue for up to one year. All common shares acquired by Manulife under the NCIB will be cancelled. Purchases will be subject to ...