C$ unless otherwise
stated TSX/NYSE/PSE: MFC SEHK:
945
TORONTO, April 4,
2023 /CNW/ - Manulife Financial Corporation ("MFC")
today announced its intention to redeem at par on May 9, 2023 all of its outstanding $600,000,000 principal amount of 3.317%
Fixed/Floating Subordinated Debentures (the "Debentures") due
May 9, 2028. The Debentures are
redeemable at MFC's option on or after May
9, 2023 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 2022, we had more than 40,000 employees,
over 116,000 agents, and thousands of distribution partners,
serving over 34 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