TORONTO, June 3 /CNW/ - Manulife Financial Corporation ("Manulife") today
announced that it has completed its offering of 14 million Non-cumulative Rate
Reset Class 1 Shares Series 1 (the "Series 1 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 led by
Scotia Capital Inc. and RBC Dominion Securities Inc. The Series 1 Preferred
Shares commence trading on the Toronto Stock Exchange today under the ticker
The Series 1 Preferred Shares were issued under a prospectus supplement
dated May 27, 2009 to Manulife's amended and restated short form base shelf
prospectus dated May 8, 2009 (amending and restating its March 30, 2009 short
form base shelf prospectus).
The Series 1 Preferred Shares have not been and will not be registered in
the United States under the Securities Act of 1933, as amended, and may not be
offered, sold or delivered in the United States or to U.S. Persons absent
registration or applicable exemption from the registration requirement of such
Act. This press release does not constitute an offer to sell or a solicitation
to buy the Series 1 Preferred Shares in the United States and any public
offering of the shares in the United States must be made by means of a
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$405.3 billion
(US$321.7 billion) as at March 31, 2009.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the Internet
For further information:
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