TSX/NYSE/PSE: MFC SEHK:945
C$ unless otherwise stated
TORONTO, Aug. 15, 2014 /CNW/ - Manulife Financial Corporation
("Manulife") today announced that it has completed its offering of 14
million Non-cumulative Rate Reset Class 1 Shares Series 17 (the "Series
17 Preferred Shares") at a price of $25 per share to raise gross
proceeds of $350 million.
The offering was underwritten by a syndicate of investment dealers
co-led by Scotia Capital Inc. RBC Capital Markets and TD Securities.
The Series 17 Preferred Shares commence trading on the Toronto Stock
Exchange today under the ticker symbol MFC.PR. M.
The Series 17 Preferred Shares were issued under a prospectus supplement
dated August 11, 2014 to Manulife's short form base shelf prospectus
dated June 23, 2014.
The Series 17 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.
Manulife is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. Clients
look to Manulife for strong, reliable, trustworthy and forward-thinking
solutions for their most significant financial decisions. Our
international network of employees, agents and distribution partners
offers financial protection and wealth management products and services
to millions of clients. We also provide asset management services to
institutional customers. Funds under management by Manulife and its
subsidiaries were approximately C$637 billion (US$597 billion) as at
June 30, 2014. Our group of companies operates as Manulife in Canada
and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
SOURCE: Manulife Financial Corporation
For further information:
Sean B. Pasternak