Manulife announces intention to redeem 3.049% Fixed/Floating Subordinated Debentures

Core Viewpoint - Manulife Financial Corporation plans to redeem all outstanding $750 million principal amount of 3.049% Fixed/Floating Subordinated Debentures on August 20, 2024, at par value, ceasing interest accrual on the redemption date [3]. Company Overview - Manulife Financial Corporation is a leading international financial services provider headquartered in Toronto, Canada, offering financial advice and insurance services under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [4]. - As of the end of 2023, the company employed over 38,000 employees and more than 98,000 agents, serving over 35 million customers globally [4]. - Manulife trades as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' in Hong Kong [4].