C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK:945
TORONTO, June 21, 2013 /CNW/ - Manulife Financial Corporation
("Manulife") today announced that it has completed its offering of 8
million Non-cumulative Rate Reset Class 1 Shares Series 13 (the "Series
13 Preferred Shares") at a price of $25 per share to raise gross
proceeds of $200 million.
The offering was underwritten by a syndicate of investment dealers
co-led by Scotia Capital Inc. and RBC Capital Markets. The Series 13
Preferred Shares commence trading on the Toronto Stock Exchange today
under the ticker symbol MFC.PR.K.
The Series 13 Preferred Shares were issued under a prospectus supplement
dated June 17, 2013 to Manulife's short form base shelf prospectus
dated July 18, 2012.
The Series 13 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.
About Manulife Financial
Manulife Financial 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 Financial and its subsidiaries were C$555 billion (US$547
billion) as at March 31, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
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 at manulife.com.
SOURCE: Manulife Financial Corporation
For further information:
Sean B. Pasternak