Manulife Financial Corporation announces results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19

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]