Core Viewpoint - Manulife Financial Corporation announced it will not redeem its Series 17 Preferred Shares on December 19, 2024, allowing holders the option to convert to Series 18 Preferred Shares [1]. Group 1: Conversion Rights and Conditions - Holders of Series 17 Preferred Shares can convert to Series 18 Preferred Shares on a one-for-one basis on December 19, 2024 [1]. - If there are fewer than 1,000,000 Series 17 Preferred Shares outstanding after December 4, 2024, all remaining Series 17 Preferred Shares will automatically convert to Series 18 Preferred Shares [2]. - Conversely, if there are fewer than 1,000,000 Series 18 Preferred Shares outstanding after December 4, 2024, no Series 17 Preferred Shares will be converted [2]. Group 2: Dividend Rates - The dividend rate for Series 17 Preferred Shares for the period from December 20, 2024, to December 19, 2029, and for Series 18 Preferred Shares for the period from December 20, 2024, to March 19, 2025, will be announced on November 20, 2024 [3]. Group 3: Conversion Process - Beneficial owners of Series 17 Preferred Shares must instruct their broker to exercise the conversion right by 5:00 p.m. (Toronto time) on December 4, 2024 [4]. Group 4: Redemption Rights - Manulife may redeem Series 17 Preferred Shares on December 19, 2029, and every five years thereafter, and may redeem Series 18 Preferred Shares after December 19, 2024 [5]. Group 5: Listing Information - The Toronto Stock Exchange has conditionally approved the listing of Series 18 Preferred Shares, which will be listed under the trading symbol "MFC.PR.S" upon conversion [6]. Group 6: Company Overview - Manulife Financial Corporation is a leading international financial services provider with over 38,000 employees and serves more than 35 million customers globally [8].

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a met ...

C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945TORONTO, Oct. 23, 2024 /PRNewswire/ - Manulife Financial Corporation will release its third quarter 2024 financial results after markets close on Wednesday, November 6, 2024, which will be made available at manulife.com/en/investors/results-and-reports.A live webcast and conference call are scheduled for Thursday, November 7, 2024, at 8:00 a.m. (ET) where members of Manulife's executive leadership team will ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Manulife Financial (MFC) , which belongs to the Zacks Insurance - Life Insurance industry. This financial services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.59%. For the most recent quarter, Manulife was expected to post earnings of $0 ...

Have you been paying attention to shares of Manulife Financial (MFC) ? Shares have been on the move with the stock up 8.2% over the past month. The stock hit a new 52-week high of $30.52 in the previous session. Manulife Financial has gained 37.5% since the start of the year compared to the 19.3% move for the Zacks Finance sector and the 24.5% return for the Zacks Insurance - Life Insurance industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it ...

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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

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Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Roy Gori, President and Chief Executive Officer, Manulife Financial Corporation (TSX: MFC) ("Manulife" or the "Company"), and other featured guests, joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market and celebrate the 25th anniversary of Manulife's Initial Public Offering (IPO), which made history as the largest IPO in Canada's capital markets in 1999. Cannot view this video? Visit: https://www.youtube.com/wa ...