An anonymous director reports
MANULIFE FINANCIAL CAPITAL TRUST II ANNOUNCES INTENTION TO REDEEM MANULIFE FINANCIAL CAPITAL TRUST II NOTES - SERIES 1
Manulife Financial Capital Trust II, a subsidiary of Manulife Financial Corp., intends to redeem at par on Dec. 31, 2019, all of its outstanding $1-billion principal amount of Manulife Financial Capital Trust II notes, Series 1 (MaCS II). The MaCS II are redeemable at the trust's option on Dec. 31, 2019, at a redemption price per MaCS II equal to $1,000 plus accrued and unpaid interest to, but not including, Dec. 31, 2019. Notice will be delivered to holders of MaCS II in accordance with the trust's trust indenture.
After the MaCS II are redeemed, holders of MaCS II will cease to be entitled to interest and will not be entitled to exercise any rights as holders other than to receive the redemption price.
Manulife Financial is a leading international financial services group that helps people make their decisions easier and lives better. With global headquarters in Toronto, the company operates as Manulife across its offices in Canada, Asia and Europe, and primarily as John Hancock in the United States. Manulife provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.
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