Manulife Financial Corporation announces results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19
Manulife Financial (MFC) has announced the results of its conversion privilege for Non-cumulative Rate Reset Class 1 Shares Series 19. With only 3,700 Series 19 Preferred Shares elected for conversion, falling below the minimum requirement of one million shares, holders cannot convert their Series 19 shares into Series 20 Preferred Shares.
After March 19, 2025, Series 19 shareholders will receive fixed rate non-cumulative preferential cash dividends quarterly, subject to Board declaration. The dividend rate for March 20, 2025 to March 19, 2030 will be 5.16900% annually, or $0.323063 per share quarterly, calculated as the five-year Government of Canada bond yield plus 2.30%.
Manulife maintains the option to redeem Series 19 Preferred Shares, wholly or partially, on March 19, 2030, and every five years thereafter, subject to specific conditions.
Manulife Financial (MFC) ha annunciato i risultati del suo diritto di conversione per le Azioni Preferenziali di Classe 1 a Tasso Rinnovabile Non Cumulativo Serie 19. Con solo 3.700 Azioni Preferenziali Serie 19 scelte per la conversione, al di sotto del requisito minimo di un milione di azioni, i detentori non possono convertire le loro azioni Serie 19 in Azioni Preferenziali Serie 20.
Dopo il 19 marzo 2025, gli azionisti della Serie 19 riceveranno dividendi in contante a tasso fisso non cumulativo su base trimestrale, soggetti alla dichiarazione del Consiglio. Il tasso di dividendo per il periodo dal 20 marzo 2025 al 19 marzo 2030 sar脿 del 5,16900% annuo, ovvero $0,323063 per azione trimestrale, calcolato come il rendimento dei titoli di stato canadesi a cinque anni pi霉 il 2,30%.
Manulife mantiene l'opzione di riscattare le Azioni Preferenziali Serie 19, in tutto o in parte, il 19 marzo 2030 e ogni cinque anni successivi, soggetto a condizioni specifiche.
Manulife Financial (MFC) ha anunciado los resultados de su privilegio de conversi贸n para las Acciones Preferentes de Clase 1 con Tasa de Ajuste No Acumulativa Serie 19. Con solo 3,700 Acciones Preferentes Serie 19 elegidas para la conversi贸n, por debajo del requisito m铆nimo de un mill贸n de acciones, los tenedores no pueden convertir sus acciones Serie 19 en Acciones Preferentes Serie 20.
Despu茅s del 19 de marzo de 2025, los accionistas de la Serie 19 recibir谩n dividendos en efectivo a tasa fija no acumulativa trimestralmente, sujetos a la declaraci贸n de la Junta. La tasa de dividendo desde el 20 de marzo de 2025 hasta el 19 de marzo de 2030 ser谩 del 5.16900% anual, o $0.323063 por acci贸n trimestral, calculada como el rendimiento de los bonos del Gobierno de Canad谩 a cinco a帽os m谩s el 2.30%.
Manulife mantiene la opci贸n de redimir las Acciones Preferentes Serie 19, total o parcialmente, el 19 de marzo de 2030 y cada cinco a帽os despu茅s, sujeto a condiciones espec铆ficas.
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Manulife Financial (MFC) a annonc茅 les r茅sultats de son privil猫ge de conversion pour les actions privil茅gi茅es de classe 1 脿 taux r茅initialisable non cumulatif s茅rie 19. Avec seulement 3 700 actions privil茅gi茅es s茅rie 19 choisies pour la conversion, en dessous de l'exigence minimale d'un million d'actions, les d茅tenteurs ne peuvent pas convertir leurs actions s茅rie 19 en actions privil茅gi茅es s茅rie 20.
Apr猫s le 19 mars 2025, les actionnaires de la s茅rie 19 recevront des dividendes en esp猫ces 脿 taux fixe non cumulatif trimestriellement, sous r茅serve de la d茅claration du Conseil. Le taux de dividende pour la p茅riode du 20 mars 2025 au 19 mars 2030 sera de 5,16900% par an, soit 0,323063 $ par action trimestriellement, calcul茅 comme le rendement des obligations du gouvernement canadien 脿 cinq ans plus 2,30%.
Manulife conserve l'option de racheter les actions privil茅gi茅es s茅rie 19, en tout ou en partie, le 19 mars 2030 et tous les cinq ans par la suite, sous r茅serve de conditions sp茅cifiques.
Manulife Financial (MFC) hat die Ergebnisse seines Umwandlungsprivilegs f眉r die Nicht-kumulative Zinsanpassungs-Aktien der Klasse 1 Serie 19 bekannt gegeben. Mit nur 3.700 gew盲hlten Serie 19 Vorzugsaktien zur Umwandlung, was unter dem Mindestanforderung von einer Million Aktien liegt, k枚nnen die Inhaber ihre Serie 19 Aktien nicht in Serie 20 Vorzugsaktien umwandeln.
Nach dem 19. M盲rz 2025 erhalten die Aktion盲re der Serie 19 viertelj盲hrlich feste nicht-kumulative Vorzugsbar-Dividenden, vorbehaltlich der Erkl盲rung des Vorstands. Der Dividendenzins f眉r den Zeitraum vom 20. M盲rz 2025 bis zum 19. M盲rz 2030 betr盲gt 5,16900% j盲hrlich, oder $0,323063 pro Aktie viertelj盲hrlich, berechnet als die Rendite der f眉nfj盲hrigen kanadischen Staatsanleihen plus 2,30%.
Manulife beh盲lt sich das Recht vor, die Serie 19 Vorzugsaktien ganz oder teilweise am 19. M盲rz 2030 und alle f眉nf Jahre danach unter bestimmten Bedingungen einzul枚sen.
- Fixed dividend rate of 5.169% annually secured for next 5 years
- None.
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As announced by Manulife on February 18, 2025, after March 19, 2025, holders of Series 19 Preferred Shares will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Manulife and subject to the provisions of the Insurance Companies Act (
Subject to certain conditions described in the prospectus supplement dated November 26, 2014聽relating to the issuance of the Series 19 Preferred Shares, Manulife may redeem the Series 19 Preferred Shares, in whole or in part, on March 19, 2030 and on March 19 every five years thereafter.
The Series 19 Preferred Shares have not been and will not be registered in
About Manulife
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Media Contact: Fiona McLean, Manulife, 437-441-7491,听蹿颈辞苍补冲尘肠濒别补苍蔼尘补苍耻濒颈蹿别.肠辞尘; Investor Relations, Hung Ko, Manulife, 416-806-9921, [email protected]
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SOURCE The Manufacturers Life Insurance Company
FAQ
What is the new dividend rate for Manulife's Series 19 Preferred Shares (MFC.PR.N)?
Why did the conversion of MFC Series 19 to Series 20 Preferred Shares fail?
When can Manulife (MFC) redeem the Series 19 Preferred Shares?
How are the dividend payments structured for MFC Series 19 Preferred Shares after March 19, 2025?
