TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, Feb. 4 /CNW/ - Manulife Financial is commencing a voluntary
small shareholder sales program (the "Program") through which shareholders
owning fewer than 100 shares (an "odd lot") of Manulife Financial Corporation
common stock may elect to sell all of their shares.
Participating shareholders will receive the weighted average price of
shares sold through the Program on the New York Stock Exchange open market
during the week in which their shares are sold, less applicable Program fees.
The Program commences February 5, 2008 in North America and will expire at
5:00 p.m. (Eastern Time) on March 12, 2008, unless extended by the Company.
The Program will also be offered to odd-lot shareholders in Hong Kong and the
Philippines from February 11, 2008 to April 18, 2008.
"This voluntary program is designed to provide odd-lot shareholders an
economical and convenient means of selling their shares," said Terri Neville,
Assistant Vice President, Shareholder Services. "Small shareholders who might
otherwise have a difficult time selling or face high fees to do so can choose
to sell their holdings through the program by Internet, phone or mail. It's a
simple process and the costs are reasonable."
Manulife has approximately 150,000 odd-lot shareholders worldwide,
representing less than one per cent of issued and outstanding common shares.
"We offered a similar program in 2005 and more than 45,000 shareholders
participated. Their feedback was that they appreciated being offered the
opportunity and found the program easy to use," added Ms. Neville.
The Company's U.S. transfer agent, Mellon Investor Services, is managing
the Program with all sales being made through the New York Stock Exchange.
Canadian account holders will receive their proceeds in Canadian dollars while
all other account holders will receive proceeds in U.S. dollars. Materials
describing the program details are being mailed to all eligible shareholders.
Shareholders wishing additional information on the Program may find it
online at http://www.corp-action.net/mfc or may contact Mellon Investor
Services by calling (North America) Toll Free 1-877-300-7100 or (Rest of
World) call Collect to 1-201-680-6826.
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$399 billion
(US$398 billion) as at September 30, 2007.
Manulife Financial is one of two publicly traded life insurance companies
in North America whose rated life insurance subsidiaries hold Standard &
Poor's Rating Services' highest "AAA" rating and Moody's Investor Services'
second highest "Aa1" rating, both representing financial strength.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
For further information:
For further information: Media inquiries: Laurie Lupton, (416) 852-7792,
firstname.lastname@example.org; Shareholder Services: Terri Neville,
1-800-795-9767 or (416) 926-6349, Shareholder_services@manulife.com