C$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, June 24,
2024 /CNW/ - Manulife Financial Corporation ("MFC")
today announced its intention to redeem at par on August 20, 2024 all of its outstanding
$750,000,000 principal amount of
3.049% Fixed/Floating Subordinated Debentures (the "Debentures")
due August 20, 2029. The Debentures
are redeemable at MFC's option on or after August 20, 2024 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.
Interest on the Debentures will cease to accrue on the
redemption date.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. 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 Toronto, New
York, and the Philippine stock exchanges, and under '945' in
Hong Kong.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
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SOURCE Manulife Financial Corporation