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Manulife cautions investors regarding New York Stock and Bond LLC offer for shares
Prnewswire· 2025-04-03 12:30
C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945 TORONTO, April 3, 2025 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC ("NYSB") to purchase up to 250,000 Manulife common shares, or less than 0.02% of the common shares outstanding, at a price of USD$18.50 per share. Manulife is in no way associated with NYSB and does not recommend or endorse acceptance of this unsolicited offer. Manulife ca ...
Manulife releases updated statistical information package template
Prnewswire· 2025-03-31 21:05
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com. Media Contact Fiona McLean Manulife 437-441-7491 [email protected] Investor Relations Hung Ko Manulife 416-806-9921 [email protected] C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, March 31, 2025 /PRNewswire/ - Manulife has released a revised template for its statistical information package ("SIP"), together with updated 2024 quarterly results to reflect the impact of Global Minimum ...
Manulife and UpLink, a World Economic Forum Initiative, Launch the 'Innovating for Asia's Demographic Future Challenge'
Prnewswire· 2025-03-27 01:00
Core Insights - Manulife has launched the 'Innovating for Asia's Demographic Future Challenge' in partnership with UpLink and the World Economic Forum to address demographic changes in Asia and promote long-term financial resilience and well-being [1][2][4] Group 1: Challenge Overview - The challenge invites start-ups and innovators to propose solutions that enhance financial resilience, well-being, and fulfillment across various life stages in Asia [1][3] - A total of $200,000 CAD will be awarded as prize money, distributed among three of the top ten winners [3] Group 2: Demographic Trends - By 2050, one in four people in Asia will be over the age of 60, driven by longer life expectancies and declining fertility rates [2] - The traditional life paradigm of 'school, work, retirement' is expected to evolve, with individuals transitioning more frequently between learning, working, caring, and recreation [2] Group 3: Focus Areas for Innovation - The challenge emphasizes three key areas: multigenerational financial resilience, equitable healthy aging, and lifelong fulfillment [6] - Solutions sought include better financial planning, expanded access to preventative health care, and maximizing personal and professional potential [6] Group 4: Strategic Partnership - This initiative is part of a multiyear partnership between Manulife and UpLink, with the current challenge being the second of three planned innovation challenges [4] - The first challenge, 'Prospering in Longevity Challenge,' concluded in October 2024, with new thematic areas to be announced for the third challenge in 2026 [4]
Manulife's Management Information Circular and Annual Report Now Available
Prnewswire· 2025-03-21 12:12
C$ unless otherwise stated                                                                                                             TSX/NYSE/PSE: MFC    SEHK: 945 TORONTO, March 21, 2025 /PRNewswire/ - Manulife's Management Information Circular and 2024 Annual Report are being delivered to shareholders and are now available at manulife.com. The Management Information Circular (the "Circular") contains information about the annual meeting of shareholders of Manulife Financial Corporation, including detail ...
MFC Stock Near 52-Week High: A Signal for Investors to Hold Tight?
ZACKS· 2025-03-20 14:25
Shares of Manulife Financial Corporation (MFC) closed at $30.48 on Wednesday, near its 52-week high of $33.07. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $30.07 and $28.92, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.The life insurer has a solid track rec ...
Manulife Names Steve Finch Asia President and CEO
Prnewswire· 2025-03-18 00:30
Core Viewpoint - Manulife has appointed Steve Finch as President and CEO of Manulife Asia, effective May 9th, succeeding Phil Witherington, who will take on the role of Manulife's President and CEO on the same date [1][2]. Group 1: Leadership Transition - Steve Finch has been a significant contributor to Manulife's transformation and financial performance, playing a key role in historic transactions and the transition to IFRS 17 and IFRS 9 accounting standards [2][3]. - Finch has a 32-year tenure with Manulife, having previously served as Chief Financial Officer of John Hancock and General Manager of the US Life Insurance business, where he led the company to become a market leader in life insurance sales [2][3]. Group 2: Strategic Goals - Manulife aims for bold ambitions in Asia, with Finch's deep understanding of the business and passion for leadership expected to accelerate growth in this critical region [3]. - The company aspires for Asia to contribute more than 50 percent of its core earnings, a goal that is reportedly on track to be achieved [3]. Group 3: Company Overview - Manulife Financial Corporation is a leading international financial services provider, operating under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [4]. - As of the end of 2024, Manulife had over 37,000 employees and served more than 36 million customers globally [4].
Manulife Chief Financial Officer, Colin Simpson to participate in fireside chat at National Bank of Canada's 23rd Annual Financial Services Conference
Prnewswire· 2025-03-17 15:45
Group 1 - Manulife Financial Corporation is a leading international financial services provider with a global headquarters in Toronto, Canada [2] - The company operates as Manulife in Canada, Asia, and Europe, and primarily as John Hancock in the United States [2] - At the end of 2024, Manulife had more than 37,000 employees and over 109,000 agents, serving over 36 million customers [2] Group 2 - Colin Simpson, Chief Financial Officer of Manulife, will participate in a fireside chat at the National Bank of Canada's 23rd Annual Financial Services Conference on March 26, 2025 [1] - The live webcast and replay of the fireside chat will be available on Manulife's Investor Relations website for three months [1]
GenAI Capabilities rolled out to 100% of Manulife's Workforce with 75% Engagement Rate
Prnewswire· 2025-03-06 13:00
 C$ unless otherwise stated                                      TSX/NYSE/PSE: MFC     SEHK: 945 Manulife's digital capabilities, including AI-enabled enhancements, are expected to generate a threefold return on investment over five years through 2027TORONTO, March 6, 2025 /PRNewswire/ - Manulife announced today that over 75 percent of its global workforce are engaged with GenAI through learning, immersive experiences and tools, including ChatMFC, its proprietary GenAI assistant introduced in 2024. Manulife ...
Manulife Financial Corporation announces results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19
Prnewswire· 2025-03-05 13:25
Core Points - Manulife Financial Corporation announced that holders of its Series 19 Preferred Shares are not entitled to convert them into Series 20 Preferred Shares due to insufficient election notices received by the conversion deadline [1] - Starting March 20, 2025, holders of Series 19 Preferred Shares will receive a fixed rate non-cumulative preferential cash dividend of 5.16900% per annum, equating to $0.323063 per share per quarter [2] - The Series 19 Preferred Shares may be redeemed by Manulife on March 19, 2030, and every five years thereafter, subject to certain conditions [3] Company Overview - Manulife Financial Corporation is a leading international financial services provider, operating under the name Manulife in Canada, Asia, and Europe, and as John Hancock in the United States [5] - The company provides financial advice and insurance services to individuals, groups, and businesses, and offers global investment and retirement plan services [5] - As of the end of 2024, Manulife had over 37,000 employees and served more than 36 million customers [5]
Manulife cautions investors regarding Ocehan LLC offer for shares
Prnewswire· 2025-02-25 21:05
Core Viewpoint - Manulife has received an unsolicited mini-tender offer from Ocehan LLC to purchase up to 50,000 common shares at a price of $34.20 per share, which is significantly below the current market price [1][2]. Group 1: Mini-Tender Offer Details - The mini-tender offer represents a discount of approximately 19.83% and 20.07% below the closing prices on the TSX and NYSE on February 3, 2025, and a discount of 20.35% and 20.12% below the closing prices on February 24, 2025 [2]. - Mini-tender offers seek to acquire less than 5% of a company's outstanding shares, allowing them to avoid certain disclosure and procedural requirements under Canadian and U.S. securities regulations [3]. Group 2: Regulatory Concerns - The Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have raised concerns about mini-tender offers, particularly regarding the potential for investors to accept offers without fully understanding the price relative to the market [3][4]. - The SEC warns that bidders often make mini-tender offers at below-market prices, aiming to catch investors off guard if they do not compare the offer price to the current market price [4]. Group 3: Company Position - Manulife is not associated with Ocehan and does not endorse the unsolicited offer, advising shareholders to carefully review the offer documents and consult with investment advisors [2][4]. - Manulife provides shareholder services through stock transfer agents in various regions, including Canada, the United States, Hong Kong, and the Philippines [5].