智通财经网·2026-02-20 00:25Core Viewpoint - Manulife Financial Corporation has received approval from the Toronto Stock Exchange to initiate its previously announced "Normal Course Issuer Bid" plan, allowing the company to repurchase and cancel up to 42 million common shares, representing approximately 2.5% of its issued and outstanding common shares [1] Group 1 - The total number of issued and outstanding common shares of Manulife as of February 10, 2026, is 1,676,751,543 shares [1] - Under the "Normal Course Issuer Bid" plan, Manulife can repurchase up to 1,483,481 common shares on any trading day, which is 25% of the average daily trading volume of 5,933,925 common shares over the six months ending January 31, 2026 [1] - The repurchase under the "Normal Course Issuer Bid" can commence on February 24, 2026, and will continue until the bid expires on February 23, 2027, or until the repurchase is completed earlier [1] Group 2 - The repurchases can be executed on the Toronto Stock Exchange, New York Stock Exchange, and other designated trading systems in Canada and the U.S. at market prices or other approved prices [2] - All common shares repurchased by Manulife under the "Normal Course Issuer Bid" will be cancelled [2] - All repurchase transactions must comply with applicable Canadian securities laws and U.S. federal securities laws [2]