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Manulife announces intention to redeem 3.049% Fixed/Floating Subordinated Debentures
Manulife announces intention to redeem 3.049% Fixed/Floating Subordinated Debentures Ca...
About this update from Manulife Financial Corporation
[{"type":"text","content":"\n \n \n \n Manulife announces intention to redeem 3.049% Fixed/Floating Subordinated Debentures\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n C$ unless otherwise stated                            TSX/NYSE/PSE: MFC     SEHK: 945\n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 24, 2024\n \n \n /CNW/ - Manulife Financial Corporation (\"MFC\") today announced its intention to redeem at par on\n \n August 20, 2024\n \n all of its outstanding\n \n $750,000,000\n \n principal amount of 3.049% Fixed/Floating Subordinated Debentures (the \"Debentures\") due\n \n August 20, 2029\n \n . The Debentures are redeemable at MFC's option on or after\n \n August 20, 2024\n \n at a redemption price per Debenture equal to par, together with accrued and unpaid interest to but excluding the date of redemption. Formal notice will be delivered to holders of Debentures in accordance with MFC's Trust Indenture.\n \n \n Interest on the Debentures will cease to accrue on the redemption date.\n \n \n \n \n \n \n \n \n \n \n About Manulife\n \n \n \n Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in\n \n Toronto, Canada\n \n , we provide financial advice and insurance, operating as Manulife across\n \n Canada\n \n ,\n \n Asia\n \n , and\n \n Europe\n \n , and primarily as\n \n John Hancock\n \n in\n \n the United States\n \n . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the\n \n Toronto\n \n ,\n \n New York\n \n , and the Philippine stock exchanges, and under '945' in\n \n H...