C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK:
945
TORONTO, Oct. 12,
2022 /CNW/ - The Manufacturers Life Insurance Company
("MLI") today announced its intention to redeem at par on
November 22, 2022, all of its
outstanding $1,000,000,000 principal
amount of 3.181% Fixed/Floating Subordinated Debentures (the
"Debentures") due November 22, 2027.
The Debentures are redeemable at MLI's option on or after
November 22, 2022, 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 MLI's
Amended and Restated 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 2021, we had more than 38,000 employees,
over 119,000 agents, and thousands of distribution partners,
serving over 33 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.
SOURCE Manulife Financial Corporation