Ms. Laurie Lupton reports
MANULIFE FINANCIAL CORPORATION COMPLETES PREFERRED SHARE OFFERING
Manulife Financial Corp. has completed its offering of eight million non-cumulative rate-reset Class 1 shares, Series 11, at a price of $25 per share to raise gross
proceeds of $200-million.
The offering was underwritten by a syndicate of investment dealers
co-led by Scotiabank, RBC Capital Markets and TD Securities Inc. The
Series 11 preferred shares commence trading on the Toronto Stock
Exchange today under the ticker symbol MFC.PR.J.
The Series 11 preferred shares were issued under a prospectus supplement
dated Nov. 27, 2012, to Manulife's short-form base-shelf prospectus
dated July 18, 2012.
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