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Enter Symbol
or Name
USA
CA



Manulife Financial Corp
Symbol MFC
Shares Issued 1,974,256,927
Close 2016-12-09 C$ 24.47
Market Cap C$ 48,310,067,004
Recent Sedar Documents

Manulife Financial Series 5 shares not converted

2016-12-09 20:26 ET - Miscellaneous

The Toronto Stock Exchange reports that an insufficient number of non-cumulative rate reset Class 1 shares, Series 5, of Manulife Financial Corp. were tendered for conversion into non-cumulative floating rate Class 1 shares, Series 6. As a result, no Series 5 preferred shares will be converted into Series 6 preferred shares and the Series 5 preferred shares will continue trading on the TSX.

According to the TSX, after Dec. 19, 2016, holders of the Series 5 preferred shares will be entitled to receive fixed non-cumulative preferential cash dividends, on a quarterly basis, on March 19, June 19, Sept. 19 and Dec. 19 in each year. The dividend rate for the five-year period from Dec. 20, 2016, to Dec. 19, 2021, will be 3.891 per cent per year or 24.3188 cents per share per quarter, being equal to the sum of the five-year government of Canada bond yield as at Nov. 21, 2016, plus 2.90 per cent.

For more information, see the company's news release dated Dec. 6, 2016.

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