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TORONTO, Nov. 6, 2019 /CNW/ - Manulife Financial Capital
Trust II (the "Trust"), a subsidiary of Manulife Financial
Corporation, today announced its intention to redeem at par on
December 31, 2019, all of its
outstanding $1 billion principal
amount of Manulife Financial Capital Trust II Notes – Series 1 (the
"MaCS II"). The MaCS II are redeemable at the Trust's option on
December 31, 2019, at a redemption
price per MaCS II equal to $1,000
plus accrued and unpaid interest to but not including December 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.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people make their decisions
easier and lives better. With our global headquarters in
Toronto, we operate as Manulife
across our offices in Canada,
Asia, and Europe, and primarily as John Hancock in the
United States. We provide financial advice, insurance, as
well as wealth and asset management solutions for individuals,
groups and institutions. At the end of 2018, we had more than
34,000 employees, over 82,000 agents, and thousands of distribution
partners, serving almost 28 million customers. As of September 30, 2019, we had over $1.2 trillion (US$881
billion) in assets under management and administration, and
in the previous 12 months we made $29.8
billion in payments to our customers. Our principal
operations in Asia, Canada and the
United States are where we have served customers for more
than 100 years. We trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges and under '945' in
Hong Kong.
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content:http://www.prnewswire.com/news-releases/manulife-financial-capital-trust-ii-announces-intention-to-redeem-manulife-financial-capital-trust-ii-notes--series-1-300953285.html
SOURCE Manulife Financial Corporation