C$ unless otherwise stated
TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, June 7, 2016 /CNW/ - Manulife Financial
Corporation ("Manulife") today announced that 1,664,169 of its
currently outstanding 8,000,000 Non-cumulative Rate Reset Class 1
Shares Series 3 (the "Series 3 Preferred Shares") have been elected
for conversion on June 20, 2016, on a
one-for-one basis, into Non-cumulative Floating Rate Class 1 Shares
Series 4 of Manulife (the "Series 4 Preferred Shares"). As a
result, on June 20, 2016, Manulife
will have 6,335,831 Series 3 Preferred Shares and 1,664,169
Series 4 Preferred Shares issued and outstanding. The Series 3
Preferred Shares and the Series 4 Preferred Shares will be listed
on the Toronto Stock Exchange under the symbols MFC.PR.F and
MFC.PR.P, respectively.
Subject to certain conditions described in the prospectus
supplement dated March 7, 2011
relating to the issuance of the Series 3 Preferred Shares, Manulife
may redeem the Series 3 Preferred Shares, in whole or in part, on
June 19, 2021 and on June 19 every five years thereafter and may
redeem the Series 4 Preferred Shares, in whole or in part, after
June 20, 2016.
The Series 3 Preferred Shares and the Series 4 Preferred Shares
have not been and will not be registered in the United States under the United States
Securities Act of 1933, as amended (the "Securities Act"), or the
securities laws of any state of the
United States and may not be offered, sold or delivered,
directly or indirectly in the United
States or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S under the Securities Act)
absent registration or an applicable exemption from such
registration requirements. This press release does not constitute
an offer to sell or a solicitation to buy securities in
the United States and any public
offering of the securities in the United
States must be made by means of a prospectus.
About Manulife
Manulife Financial Corporation is a leading international
financial services group providing forward-thinking solutions to
help people with their big financial decisions. We operate as
John Hancock in the United States, and Manulife
elsewhere. We provide financial advice, insurance and wealth
and asset management solutions for individuals, groups and
institutions. At the end of 2015, we had approximately 34,000
employees, 63,000 agents, and thousands of distribution partners,
serving 20 million customers. At the end of March 2016, we had $904
billion (US$697 billion) in
assets under management and administration, and in the previous 12
months we made more than $24.9
billion in benefits, interest and other payments to our
customers. Our principal operations are in Asia, Canada
and the United States where we
have served customers for more than 100 years. With our
global headquarters in Toronto,
Canada, we trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges and under '945' in
Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit
www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation