C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, Jan. 9, 2019 /CNW/ - The Manufacturers Life
Insurance Company ("MLI") today announced its intention to redeem
at par on February 21, 2019 all of
its outstanding $500,000,000
principal amount of 2.811% Fixed/Floating Subordinated Debentures
(the "Debentures") due February 21,
2024. The Debentures are redeemable at MLI's option on or
after February 21, 2019 at a
redemption price per Debenture equal to par, together with accrued
and unpaid interest to but excluding the date of redemption. Formal
notice will be delivered to holders of Debentures in accordance
with MLI's Amended and Restated Trust Indenture.
Interest on the Debentures will cease to accrue on the
redemption date.
About Manulife
Manulife Financial Corporation is a leading international
financial services group that helps people make their decisions
easier and lives better. We operate primarily as John Hancock in the
United States and Manulife elsewhere. We provide financial
advice, insurance, as well as wealth and asset management solutions
for individuals, groups and institutions. At the end of 2017, we
had about 35,000 employees, 73,000 agents, and thousands of
distribution partners, serving more than 26 million customers. As
of September 30, 2018, we had over
$1.1 trillion (US$863 billion) in assets under management and
administration, and in the previous 12 months we made $27.6 billion in payments to our customers. Our
principal operations are in Asia,
Canada and the United States where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC'
on the Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
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SOURCE Manulife Financial Corporation