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Manulife Financial Corp (MFC.N)

MFC.N on New York Stock Exchange

17.49USD
24 Mar 2017
Change (% chg)

$0.09 (+0.52%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Manulife issues statement regarding FINTRAC administrative penalty
Monday, 27 Feb 2017 12:25pm EST 

Manulife Financial : Manulife issues statement regarding FINTRAC administrative penalty . "There is no evidence to suggest that administrative reporting violations were connected to any financial misconduct" ."Manulife did not enable or facilitate money laundering and media reports to contrary are inaccurate".  Full Article

Manulife Financial Corp prices U.S. public offering of subordinated notes
Tuesday, 21 Feb 2017 05:13pm EST 

Manulife Financial Corp : Manulife Financial Corporation prices U.S. public offering of subordinated notes . Manulife Financial Corp - priced a public offering in United States of $750 million aggregate principal amount of 4.061% subordinated notes due 2032 . Notes are expected to be issued on February 24, 2017 and will bear interest at rate of 4.061% per year .Manulife Financial Corp - priced the offering of notes at a public offering price of 100%.  Full Article

Manulife Financial says expanded predictive analytics program to include up to $1 mln of coverage
Tuesday, 7 Feb 2017 07:00am EST 

Manulife Financial Corp :Manulife Financial Corp - expanded predictive analytics program to include up to $1 million of coverage.  Full Article

Manulife to settle related securities class action litigation
Tuesday, 31 Jan 2017 08:30am EST 

Manulife Financial Corp : Manulife announces agreement to settle related securities class action litigation . Manulife Financial Corp says agreement provides for a total settlement payment of $69 million for distribution to eligible class members .Entire settlement amount will be fully funded by insurance.  Full Article

Manulife Financial sets quarterly dividend of C$0.185/shr
Thursday, 4 Aug 2016 05:56am EDT 

Manulife Financial Corp :Sets quarterly dividend of C$0.185 per share.  Full Article

Manulife Asset Management says laid out plans for expansion of its operations in Europe
Tuesday, 14 Jun 2016 10:45am EDT 

Manulife Asset Management:Laid out plans for expansion of its operations in europe.  Full Article

Manulife acquires 49 pct equity interest in QMLP
Thursday, 2 Jun 2016 04:11pm EDT 

Manulife Asset Management Private Markets:Manulife Asset Management Private Markets says Manulife has acquired a 49 pct equity interest in QMLP.  Full Article

Manulife Financial Corporation prices U.S. public offering of senior Notes
Tuesday, 1 Mar 2016 06:14pm EST 

Manulife Financial Corporation:Prices U.S. public offering of senior notes.Priced a public offering in the United States of u.s.$1.75 billion aggregate principal amount of two series of its senior notes.Public offering price of the 2026 notes is 99.757% and the public offering price of the 2046 notes is 99.645%.  Full Article

Manulife Financial Corporation completes Preferred Share offering
Thursday, 25 Feb 2016 09:01am EST 

Manulife Financial Corporation:completed its offering of 16 million Non-cumulative Rate Reset Class 1 Shares Series 21 (the "Series 21 Preferred Shares") at a price of $25 per share to raise gross proceeds of $400 million.The offering was underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.The Series 21 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol MFC.PR.O.Manulife has granted the underwriters' an option, exercisable in whole or in part, to purchase up to an additional 1 million Series 21 Preferred shares at the same offering price.The underwriters have 30 days from the closing of the preferred share offering to exercise the option.The Series 21 Preferred Shares were issued under a prospectus supplement dated February 18, 2016 to Manulife's short form base shelf prospectus dated December 17, 2015.  Full Article

Manulife Financial Corporation announces Preferred Share issue
Tuesday, 16 Feb 2016 09:23am EST 

Manulife Financial Corporation:Says Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 21.Manulife will issue 12 million Series 21 Preferred Shares priced at $25 per share to raise gross proceeds of $300 million.offering will be underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. and is anticipated to qualify as Tier 1 capital for Manulife.Manulife has also granted the underwriters an option, exercisable in whole or in part at any time up to 48 hours prior to closing, to purchase up to an additional 2 million Series 21 Preferred Shares at the same offering price.The maximum gross proceeds raised under the offering will be $350 million should this option be exercised in full.The expected closing date for the offering is February 25, 2016.Holders of the Series 21 Preferred Shares will be entitled to receive a non-cumulative quarterly fixed dividend yielding 5.60 per cent annually, as and when declared by the Board of Directors of Manulife, for the initial period ending June 19, 2021.Manulife intends to use the net proceeds from the offering for general corporate purposes, including future refinancing requirements.  Full Article

More From Around the Web

Fitch Affirms Manulife Financial; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, March 17 (Fitch) Fitch Ratings has affirmed Manulife Financial Corporation (MFC) and its primary insurance related operating subsidiaries' ratings, including The Manufacturers Life Insurance Company (MLI) and John Hancock Life Insurance Company (U.S.A.) (JHUSA). A full list of rating actions follows at the end of this release. The Rating Outlook is Stable. KEY RATING DRIVERS MFC's ratings reflect very strong capitalization,